Coach news and archive

Coach parent Tapestry posts Q3 revenues of 1.48 billion dollars

Tapestry’s third quarter net sales declined 2 percent to 1.48 billion dollars. Gross profit totaled 1.11 billion dollars, while gross margin was 74.7 percent. For fiscal 2024, the company forecasts revenue of over 6.6 billion dollars, approximately in-line with prior year on a reported basis and representing growth of approximately 1 percent on...

Report

Tapestry responds to FTC's lawsuit blocking acquisition of Capri Holdings

The Federal Trade Commission (FTC) has sued to block Tapestry’s 8.5 billion dollars acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors – Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. The Commission issued an administrative complaint and authorised a lawsuit in federal court to...

Report

Tapestry and Capri merger gains EU and Japan antitrust approval

The planned merger between luxury powerhouses Tapestry and Capri Holdings has been approved by market regulators in both Japan and the European Union, bringing the duo one step closer to their goal. In a regulatory filing, Tapestry confirmed the news that the merger plan had been cleared by the European Commission under the EU Merger Regulation...

Fashion

Coach sues Gap for "Coach" t-shirts

American lifestyle brand Gap has stirred controversy with another player in the lifestyle market by offering t-shirts featuring the word "Coach." The move has provoked Tapestry-owned Coach, which has initiated legal action against Gap for allegedly selling these tees without authorization. In a trademark infringement lawsuit filed in the federal...

Fashion

Prabal Gurung, Coach and Cult Gaia among honourees for 2024 ACE Awards

The Accessories Council has officially named the honourees for its upcoming 2023 Accessories Council Excellence Awards (ACE Awards), which is set to take place May 7 in New York City. The annual event, now in its 30th year, looks to recognise individuals who have made “great strides in raising awareness of the accessories industry”, while...

Retail

Coach opens first global dining & hospitality experience in Jakarta, Indonesia

Coach has opened its first-ever Coach Restaurant and Coach Coffee Shop at the Grand Indonesia Mall in Indonesia as the luxury brand marks its debut venture into the hospitality industry. Inspired by Coach’s vision of Expressive Luxury, first revealed in 2022, the Coach Restaurant and the adjacent coffee shop mark the first of a series of dining...

People

Kevin Hourican and David Elkins join Tapestry board of directors

Tapestry, Inc. has appointed Kevin Hourican, president and CEO of Sysco Corporation and David Elkins, executive vice president and CFO of Bristol Myers Squibb to the company’s board of directors. Commenting on the new board appointees, Joanne Crevoiserat, CEO of Tapestry said: “We are pleased to welcome Kevin and David to our board – two proven...

Video

Video: Coach FW24

In this video you can see Coach´s FW24 collection presented at New York Fashion Week. VIDEO CREDITS HERE

Report

Tapestry raises profit guidance on strong Q2

Tapestry’s net sales in the second quarter totaled 2.08 billion dollars, representing growth of 3 percent on both a reported and constant currency basis. Gross profit totaled 1.49 billion dollars, while gross margin was 71.6 percent, net income was 322 million dollars and earnings per diluted share were 1.39 dollars. On a non-GAAP basis, net...

News

Coach introduces first social impact report for Dream It Real’s 5th anniversary

The Coach Foundation, the philanthropic arm of premium label Coach, is celebrating the fifth anniversary of its core initiative, Dream It Real, through the launch of its first social impact report outlining the achievements of its overarching community. Entitled ‘The Course to Dream It Real’, the zine-inspired report covers various initiatives...

Fashion

Coachtopia launches docuseries exploring challenges of circular fashion

Coachtopia, the sub-brand launched by luxury label Coach in April 2023 focused on circular craft and collaborative creativity, has launched a new docuseries exploring the challenges and possibilities of circular fashion. ‘The Road to Circularity’ goes behind the scenes of Coachtopia to shed light on rarely documented aspects of the global...

Fashion

CFDA posts preliminary schedule for NYFW Fall /Winter 2024

The Council of Fashion Designers of America (CFDA) has unveiled the preliminary schedule for New York Fashion Week (NYFW) Fall/Winter 2024 season. Peter Do is set to kick off the schedule, presenting his second collection for Helmut Lang on February 9, while CFDA chairman Thom Browne returns to show on schedule, closing out the season with his...