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.

The move, the company said yesterday (31 October), is due to trading volume and in order for it to focus its resources on Tapestry’s primary listing on the New York Stock Exchange. The firm announced its name change plans last month as part of its business transformation and as a way of expanding beyond the namesake brand.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The company, which has kept a dual listing in Hong Kong and New York since December 2011, says it intends to apply for the withdrawal of the listing of its depositary receipts in accordance with the rules and regulations of the SEHK.

No date has been given for the withdrawal.

In July, Tapestry completed its tender offer to acquire the accessories and apparel business Kate Spade & Company, which it believes will enhance its position in the “attractive and growing $80bn global premium handbag and accessories, footwear and outerwear market.

Coach to change its name to Tapestry

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Style Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Style Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving apparel and textile industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now