Tapestry Inc

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Major brands linked to "union-busting" factories Hannah Abdulla | 5 Aug 20

A number of factories producing garments for several major apparel brands have been accused of exploiting the coronavirus pandemic as an opportunity to sack workers affiliated to unions.


Fashion industry efforts to address global PPE shortages – Update just-style | 27 Jul 20

Texollini, Chargeurs*PCC Fashion Technologies, and Crystal International are among the latest fashion firms to mobilise their production facilities and supply chains to help address the global shortage of personal protective equipment (PPE), including face masks and hospital gowns, amid the coronavirus (Covid-19) pandemic. 


Tapestry CEO Zeitlin steps down after less than a year Michelle Russell | 21 Jul 20

Tapestry Inc CEO, Jide Zeitlin, has resigned from his role with immediate effect after less than a year at the helm of the New York-based apparel and accessories firm.


Retailers begin to outline store reopening plans – Update just-style | 16 Jun 20

Debenhams, Brooks Brothers, and J.Crew Group are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.


US retail stores close amid civil unrest across the country Michelle Russell | 3 Jun 20

Adidas and Target Corp are among a number of retailers in the US to have closed stores or postponed openings in response to the civil unrest taking place across the country over the killing of George Floyd by a white police officer.


Global retail staff and salary reductions amid Covid-19 – Update just-style | 1 May 20

As the impact of the coronavirus pandemic spreads across the apparel and footwear industry, brands and retailers are moving from store closures to worker lay-offs or furloughs, as well as executive pay cuts. Here are the latest:


Tapestry moves to Q3 loss and cuts outlook Michelle Russell | 30 Apr 20

Tapestry Inc has moved to a loss in its third-quarter and recorded a sales decline of nearly 20% as coronavirus forced the company to close or reduce hours at 90% of its stores.


Covid-19 sees Tapestry cut 2,100 part-time roles Hannah Abdulla | 21 Apr 20

Coach, Kate Spade New York, and Stuart Weitzman brand owner Tapestry Inc is cutting jobs and taking steps to minimise costs as it moves to strengthen itself financially amid the deepening global impact of the Covid-19 pandemic.


Global retail closures as coronavirus spreads – Update just-style | 15 Apr 20

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. 


Zeitlin to lead Tapestry for next three years Beth Wright | 10 Mar 20

Tapestry chairman and CEO Jide Zeitlin will continue to lead the accessories business for the next three years as it defines and implements its multi-year growth agenda.


Tapestry revises FY view on coronavirus & shakes up brand leadership Beth Wright | 6 Feb 20

Accessories business Tapestry says its second-half results could be negatively impacted by up to US$250m in sales amid the outbreak of the coronavirus in China which has seen the group close the majority of its stores on the Mainland.


Anna Bakst to step down as Kate Spade boss Beth Wright | 13 Dec 19

Accessories company Tapestry has announced the CEO and brand president of its Kate Spade business, Anna Bakst, will step down at the end of the year. 


Tapestry upbeat despite Q1 Kate Spade sales slump Beth Wright | 5 Nov 19

Accessories business Tapestry remains optimistic on the year ahead, having maintained its Fiscal 2020 outlook, despite launching an in-depth review of the business to address growth opportunities amid an 83% drop in first-quarter earnings as charges in the period took a toll.


Tapestry chairman Jide Zeitlin to replace Victor Luis as CEO Beth Wright | 4 Sep 19

Tapestry Inc, the owner of the Coach, Kate Spade and and Stuart Weitzman brands, says its long-time CEO Victor Luis is stepping down and will be replaced by company chairman Jide Zeitlin.


Kate Spade weighs on Tapestry Q4 performance Beth Wright | 15 Aug 19

Shares in Tapestry remained down by more than 6% this-afternoon (15 August) as the accessories business reported a near 30% drop in fourth-quarter profit after being dragged down by the group's Kate Spade brand.


Supply chain change as VF’s Tom Glaser departs for Tapestry Leonie Barrie | 30 May 19

VF Corporation’s long-standing supply chain chief Tom Glaser is leaving the The North Face, Timberland and Vans brand owner after 18 years to take up the post of chief operations officer at luxury specialist Tapestry.


Tapestry shares climb on better than expected Q3 earnings Beth Wright | 10 May 19

Shares in Tapestry surged yesterday (9 May) as the accessories business announced a US$1bn share buyback programme and reported a third-quarter profit that surpassed analyst expectations.


Tapestry eyes 95% raw materials traceability Beth Wright | 24 Apr 19

Luxury group Tapestry, whose brands include Coach, Kate Spade New York and Stuart Weitzman, has set out new 2025 corporate responsibility goals and launched a microsite called 'Our Social Fabric' to chart its sustainability and social governance programme.


Tapestry lowers FY guidance on lacklustre Q2 Beth Wright | 7 Feb 19

Shares in Tapestry dropped by more than 12% in pre-market trading today (7 February) as the accessories business reported a second-quarter performance that fell short of company expectations and lowered its guidance for the full year.


Tapestry moves to profit in Q1 boosted by Coach Michelle Russell | 30 Oct 18

Accessories business Tapestry moved to a profit in its first-quarter thanks to gross margin expansion and continued growth at the Coach brand.


Coach is the latest brand to go fur-free Beth Wright | 23 Oct 18

Accessories business Tapestry has announced its Coach brand will no longer use real fur in its products, pledging to phase fur out completely by the debut of its autumn 2019 collection.


Tapestry commits to UN Global Compact Michelle Russell | 9 Oct 18

Accessories business Tapestry, formerly Coach Inc, has become the latest company to expand its commitment to sustainable development by joining the United Nations Global Compact (UNGC) corporate social responsibility initiative.


Kate Spade will be "dearly missed" Beth Wright | 6 Jun 18

Accessories business Tapestry says Kate Spade, the founder of the eponymous accessories and apparel business that Tapestry purchased last year, will be "dearly missed" following her death yesterday (5 June).


Coach drives Tapestry Q3 sales and profit hike Beth Wright | 1 May 18

Accessories business Tapestry, formerly known as Coach Inc, saw earnings and sales increase in the third quarter as continued growth at Coach drove results in the period. 


Tapestry knocked by Kate Spade charges, reports Q1 loss Beth Wright | 7 Nov 17

Accessories business Tapestry, formerly known as Coach Inc, swung to a loss in the first quarter as it was hampered by costs related to the acquisition of Kate Spade, but the addition of the brand helped drive net sales by 24% in the period.


Tapestry plans withdrawal from Hong Kong Stock Exchange Michelle Russell | 1 Nov 17

Accessories business Tapestry, formerly known as Coach Inc, has announced plans to withdraw its listing from the main board of the Hong Kong Stock Exchange.


Coach to change its name to Tapestry Beth Wright | 12 Oct 17

Accessories business Coach Inc is to change its name to Tapestry Inc at the end of the month as part of its business transformation and bid to expand beyond the namesake brand.


Coach books double-digit Q4 and FY profit hikes Beth Wright | 15 Aug 17

Accessories business Coach Inc has seen its net income soar by more than 86% in the fourth quarter, but shares fell as it reported lower-than-expected quarterly sales.


Coach completes tender offer to acquire Kate Spade Beth Wright | 11 Jul 17

Coach Inc has successfully completed its previously announced tender offer to acquire the accessories and apparel business Kate Spade & Company for US$18.50 per share in cash.


Coach extends tender offer to acquire Kate Spade Beth Wright | 23 Jun 17

Coach Inc today (23 June) extended its tender offer to acquire the accessories and apparel business Kate Spade & Company for $18.50 per share in cash.

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