Tapestry's asset
Tapestry

@tapestry.com

Tapestry Is The First New York–Based House Of Modern Luxury Lifestyle Brands.

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About

Description

Tapestry is a leading fashion company in the United States, specializing in luxury accessories and lifestyle brands. Its headquarters are located in New York City. The company was founded in 1941, originally as Coach, Inc., by Miles Cahn and his wife Lillian.


It started as a small leather goods workshop in Manhattan and grew steadily over the years. In 1961, the company hired Bonnie Cashin, a renowned fashion designer, who revolutionized the brand's products by introducing modern designs and vibrant colors. This move helped Coach establish itself as an American luxury brand.


In recent years, the company underwent a rebranding and changed its name to Tapestry in 2017 to reflect the growing portfolio of brands. Tapestry's main products are handbags, accessories, and lifestyle collections under three distinctive labels: Coach, Kate Spade New York, and Stuart Weitzman. Tapestry operates globally, with a strong presence in North America, Europe, and Asia.


The company has numerous flagship stores, department store concessions, and e-commerce platforms across the world. It has also expanded its reach through partnerships with other retailers and joint ventures, such as its collaboration with Michael Kors on the acquisition of Jimmy Choo in 2017. Tapestry holds a significant market position in the luxury fashion industry.


Coach, its flagship brand, is particularly popular in the United States and has a strong presence in Asia. Kate Spade New York and Stuart Weitzman also enjoy a loyal customer base, contributing to the company's overall success. In terms of global sales, Tapestry's revenues reached approximately $6 billion in fiscal year 2020.


The company faces competition from other luxury brands like Louis Vuitton, Gucci, and Prada, but it has successfully carved out its own niche in the market. Tapestry has made several notable changes to its brand strategy over the years. In addition to the rebranding to Tapestry, it acquired Kate Spade New York in 2017, expanding its product offerings and customer base.


The company has also focused on enhancing its digital capabilities to meet the changing demands of consumers. As of the latest updates, Tapestry continues to adapt to the evolving fashion landscape. It has been investing in sustainability initiatives and further expanding its online presence.


With its strong brand portfolio and global presence, Tapestry is well-positioned for continued growth and success in the luxury fashion industry

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Company Type

Public Company

Company Size

10,001+

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