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During 2014, Coach also announced that Lew Frankfort would retire as executive chairman at the expiration of his term in November 2014. [19] In January 2015, Coach agreed to buy shoemaker Stuart Weitzman for up to $574 million in cash. [20] In the same year, Coach also launched Coach 1941, "a new, higher-priced line centered on ready-to-wear."
The business originally named Coach changed its name to Tapestry to better represent its broader product range when it expanded beyond Coach-brand handbags. [7] The company officially changed its name and ticker symbol on the New York Stock Exchange from COH to TPR on October 31, 2017. [ 8 ]
The company that would become Coach started as a small men's wallet manufacturer known as Gail Leather Products (also called Gail Novelty Co.), located in a loft in Manhattan in 1941. [2] Miles Cahn's father was one of four investors who had each invested $1,000 in 1941 to help start the company. [3]
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Derham Body Company of Philadelphia was a custom coachbuilding company founded by Irish wheelwright Joseph Derham (1865–1928) [1] in 1887 to make carriages. As automobiles became more popular their clientele asked Derham to provide bodies for their cars. [2]
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