Tapestry Inc

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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.


Coach launches tender offer to acquire Kate Spade Beth Wright | 26 May 17

Coach Inc today (26 May) made its earlier bid for Kate Spade official by launching a tender offer to acquire the accessories and apparel business for $18.50 per share in cash.


Coach to acquire Kate Spade for US$2.4bn Beth Wright | 8 May 17

Coach Inc has signed a definitive agreement to acquire accessories and apparel business Kate Spade in a deal worth US$2.4bn.


Coach reaffirms outlook despite mixed Q3 Michelle Russell | 2 May 17

Accessories business Coach Inc has reaffirmed its full-year outlook despite booking mixed third-quarter results.


Coach taps Neiman Marcus president for brand CEO role Michelle Russell | 7 Apr 17

Luxury accessories business Coach Inc has tapped the president of Neiman Marcus International and its Bergdorf Goodman division, Joshua Schulman, as CEO of its trademark brand.


Coach back on track with Q2 profit hike Beth Wright | 31 Jan 17

Luxury accessories business Coach Inc appears to be back on track after earnings and revenue continued to rise in its second quarter, boosted by efforts to pull back its flagship Coach brand from wholesale and from channels like department stores.


Burberry silent on Coach offer rejections Michelle Russell | 5 Dec 16

British trench coat maker Burberry has declined to comment on reports it has rejected multiple takeover offers from US luxury accessories business Coach Inc.


Is Coach considering a merger with Burberry? Michelle Russell | 2 Nov 16

Burberry could be a good fit for Coach's international distribution ambitions, analysts say, if the rumour mills are to be believed that the two luxury brands are in talks over a potential merger. 


Stuart Weitzman steps down as Morelli appointed lead Michelle Russell | 10 Aug 16

Stuart Weitzman is to step down from his eponymous label, making way for the appointment of Giovanni Morelli as the brand's creative director. 


Coach sells headquarters in lease-back deal Michelle Russell | 2 Aug 16

Luxury accessories firm Coach Inc has sold its headquarters in deal worth US$707m under a sale and lease-back agreement.


Coach taps Valentino exec to lead Stuart Weitzman Beth Wright | 14 Jul 16

Luxury accessories firm Coach Inc has named Valentino executive Wendy Kahn as the new CEO and brand president of its Stuart Weitzman business.


Coach seeks new CFO as Hamilton Nielsen resigns Beth Wright | 9 Jun 16

Luxury accessories brand Coach Inc has announced its chief financial officer, Jane Hamilton Nielsen, will be leaving the company in August.


Coach maintains FY guidance on higher Q3 profit Michelle Russell | 27 Apr 16

Luxury accessories business Coach Inc has maintained its full-year guidance as it revealed higher third-quarter earnings and sales boosted by a return to growth for the Coach brand.


Coach remains in transition after Q2 profit fall Katie Smith | 26 Jan 16

Coach Inc "remains in transition", one analyst has said, after the luxury accessories business posted a rise in second-quarter sales thanks to its restructuring efforts and attempts to move away from excessive discounting – but profit declined.

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