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New York-based luxury accessories and lifestyle house Tapestry has ousted its CEO suddenly due to the company’s poor sales results and plunging share price. Tapestry – parent of Coach, Stuart Weitzman and Kate Spade – has lost more than half of its value…
One year into its major push to become an American luxury conglomerate, things appear to be moving in the right direction at Tapestry, which recently posted first-quarter results that topped expectations across the board. The firm — parent of Coach, Kate…
Tapestry growth continues to be boosted by the inclusion of Kate Spade. The US apparel retailer has reported fourth-quarter revenue of US$1.48 billion and a net income of $211.7 million. A 31 per cent uplift in sales is the result of the acquisition of the…
Luxury fashion giant, Tapestry, has posted solid third quarter growth, boosted by strong sales from its Coach brand. Tapestry posted a 33 per cent increase in net sales for the quarter ending March 31 to $1.32 billion compared to the previous corresponding…
Tapestry, the fashion retailer formerly known as Coach, has taken back operational control of its Kate Spade China joint ventures in Hong Kong, Macau, Taiwan and the mainland. CEO Victor Luis described the move as “an important business development…
Supermodel Gigi Hadid has partnered with Stuart Weitzman on two exclusive footwear styles for launch this fall. Hadid, face of the F/17 ad campaign has created the Eyelove and Eyelovemore ranges, pointed-toe mules which represent the first project for Stuart…
The leather goods company formerly known as Coach Inc., Tapestry, has reported earnings for the first time since the name change. Tapestry, which is in the midst of a major rebranding, posted a 24.2 per cent increase in revenue to $1.29 billion and a net loss…
To better incorporate all of the brands it now owns, luxury goods company Coach of New York is changing its name to Tapestry. The company that came to prominence in the Mad Men era now owns brands like Stuart Weitzman and Kate Spade & Co as well. Chief…
