Tapestry

Tapestry, previously called Coach Inc, the company was founded in 2017 and it’s the owner of Kate Spade, Start Sweitzman and Coach. The group offers leather goods, apparel and accessories and sells though its own brands, multibrand, catalogs, its website and with alliances with other leaders’ retailers in its international markets like Alibaba in China.

The American company reported robust earnings for the first quarter, with sales hitting €1.704 billion and net income reaching €275 million. Coach, a standout brand, surged by 22%.

Tapestry Achieves 6% Profit Increase Despite Luxury Sector Challenges

For the final nine months of its fiscal 2025, the American fashion giant posted a profit of $700.3 million, while sales reached $5.287 billion through March.

Tapestry Closes Deal: Stuart Weitzman Sold to Caleres

The American conglomerate is set to finalize the sale of its footwear brand Stuart Weitzman to a fellow shoe group, in a deal announced in February and valued at $105 million.

Tapestry Boosts Stake to 10% in Recycled Leather Innovator Gen Phoenix

The U.S. group that owns the Coach brand has increased its stake in the sustainable leather manufacturer in a $15 million funding round, aiming to get closer to Generation Z.

Fashion Titans Stand Firm: Major Industry Players Increase Revenues by 2% in 2024

The fashion industry’s leading firms, encompassing categories like mass distribution, luxury, department stores, and athletic wear, wrapped up the last financial year with growth, even as heavyweights like LVMH and Nike stumbled.

Vertiginous quarter: margins drown due to costs and ports collapse

Rising costs and changing from ship to plane to avoid port collapse have led the industry to expect three more months of falling margins. Adidas estimates a € 500 million impact in the second half of the year.

Joshua Schulman, until now responsible for Coach, will leave his post after the transition period.

Tapestry stumbles in its first semester. The US holding fashion group experienced a 0.3% in its revenues in the first half of the year 2020, to 3.17 billion compared to the 3.18 billion dollars of sales it made sales in the same period of the previous year.

Anna Bakst will be departing the company at the end of the calendar year. Until a replacement is found, the chief financial officer of Kate Spade, Joanne Crevoiserat, will take the reins.

The American group, owner of Coach, Kate Spade and Stuart Weiztman, has ended the first quarter with sales of 1.3 billion dollars.

The Chinese giant ecommerce platform will provide the American group tools to offer customized contentment and enriched shopping experience to its customers.

The American retailer, owner of Coach, Kate Spade and Stuart Weitzman has named Jide Zeitlin, current president of the board of directors as a relieve of Victor Luis.

Tapestry ended its fiscal year, ended 29th of June, with a new benefit of 643.4 million dollars (718.1 million euros).

The American company has allied twice with the ecommerce giant, in 2011 and 2016, even though it abandoned the platform due to imitation disagreements.

The Tapestry group has appointed Joanne C. Crevoiserat for the position of financial director. The executive was until now the executive vice president of Abercrombie.

Thomas A. Glaser has joined Tapestry from VF Corporation, where he was responsible for group’s supply chain division until now.

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