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Tapestry

#1350

Rank

$13.15B

Marketcap

US United States

Country

Tapestry
Leadership team

Ms. Joanne C. Crevoiserat (Pres, CEO & Director)

Mr. Todd Kahn (CEO & Brand Pres of Coach)

Mr. Scott A. Roe (CFO & COO)

Products/ Services
Fashion
Number of Employees
1,000 - 20,000
Headquarters
New York, New York, United States
Established
1941
Company Registration
SEC CIK number: 0001116132
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
TPR
Social Media
Overview
Location
Summary
Tapestry, Inc. provides luxury accessories and branded lifestyle products in the United States, Japan, Greater China, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman. It offers women's accessories, including handbags, such as wallets, money pieces, wristlets, and cosmetic cases; novelty accessories comprising address books, time management and travel accessories, sketchbooks, and portfolios; and key rings and charms. The company also provides bag collections, including business cases, computer bags, messenger-style bags, backpacks, and totes; small leather goods, such as wallets, card cases, travel organizers, and belts; and footwear, watches, fragrances, sunglasses, novelty accessories, and ready-to-wear for men. In addition, it offers women's footwear; sunglasses; bracelets, necklaces, rings, and earrings; fragrances and watches; women's seasonal lifestyle apparel collections, including outerwear and ready-to-wear, and cold weather accessories, which comprise gloves, scarves, and hats. Further, the company provides footwear items; and housewares and home accessories for kids, such as fashion bedding and tableware; and stationery and gifts. Additionally, it licenses rights to market and distribute its tech and soft accessories, jewelry, watches, eyewear, and fragrances under the Coach brand; and tableware and housewares, fashion beddings, tech accessories, watches, sleepwear, eyewear, stationery and gifts, and fragrances under the Kate Spade brand. As of July 2, 2022, the company operated through a network of 945 Coach stores, 398 Kate Spade stores, and 100 Stuart Weitzman stores. It sells its products through e-commerce sites and concession shop-in-shops, and wholesale customers, as well as through independent third-party distributors. The company was formerly known as Coach, Inc. and changed its name to Tapestry, Inc. in October 2017. Tapestry, Inc. was founded in 1941 and is headquartered in New York, New York.
History

Coach New York

Coach was founded in 1941. Starting as a workshop, it grew into a company with over 17,000 employees. Seeking wider recognition and a larger market, the company acquired brands such as Kate Spade and Stuart Weitzman. This broadened the appeal to consumers of all three brands. The company changed names, reducing the share price because investors felt that the name change was not well received by customers. The share price later recovered.

Kate Spade New York

American fashion designer Kate Spade founded Kate Spade New York in 1993. It was initially similar to the Coach company. The company was purchased by Coach in 2017 in a $2.4 billion deal.

Stuart Weitzman

Stuart Weitzman started out in the late 1950s as a luxury shoe company named after one of the brothers who started it. It grew into a large operation in Manhattan. The brand was purchased by Coach in 2015 for $574 million. It was made to broaden Coach's product line.

Tapestry, Inc.

This business originally named Coach changed its name to Tapestry to become better match the fashion industry and its customers. The company officially changed its name and ticker symbol on the New York Stock Exchange from COH to TPR on October 31, 2017. The company wanted to include more than just Coach-brand handbags, the company switched its name to represent a wider range of products. Most of these products are accessories, such as handbags, key-chains, shoes and other small fashion items. Most of these items are leather-goods and are produced by the individual subsidiaries.In late July, 2020, the company named Joanne Crevoiserat, Tapestry's CFO since early 2019, the new CEO. She became the 36th female to lead a Fortune 500 company.

Mission
Tapestry’s mission is to create a dynamic, global lifestyle brand through inspired designs, exceptional products, and superior service that reflects the diversity and aspirations of our customers.
Vision
Tapestry seeks to build a premier global lifestyle brand and become an admired and trusted merchant among our customers and other partners.
Key Team

Ms. Elizabeth Fraser (CEO & Brand Pres of Kate Spade New York)

Mr. Manesh B. Dadlani (VP, Principal Accounting Officer & Controller)

Mr. Ashish Parmar (Chief Information Officer)

Ms. Christina Colone (Global Head of Investor Relations)

Mr. David E. Howard (Gen. Counsel & Sec.)

Ms. Andrea Shaw Resnick (Chief Communications Officer)

Ms. Jo Baldwin (Global Head of Creative Studio & VP)

Recognition and Awards
Tapestry has been the recipient of numerous awards throughout its history, including a 2008 Parnax Award from the International Council of Shopping Centers and multiple American and European Fashion Awards.
References
Tapestry
Leadership team

Ms. Joanne C. Crevoiserat (Pres, CEO & Director)

Mr. Todd Kahn (CEO & Brand Pres of Coach)

Mr. Scott A. Roe (CFO & COO)

Products/ Services
Fashion
Number of Employees
1,000 - 20,000
Headquarters
New York, New York, United States
Established
1941
Company Registration
SEC CIK number: 0001116132
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
TPR
Social Media