The story
Coach New York
Coach was founded in 1941. Starting as a workshop, it grew into a company with over 17,000 employees when its founders Miles Cahn and Lillian Cahn took over. 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 (born 1941) began working in the early 1960s for Seymour Shoes, a company set up by his father Seymour Weitzman and his older brother Warren in Haverhill, Massachusetts in the late 1950s. It was taken over by a Spanish company in 1971, and was bought by Stuart Weitzman in 1994. Over the years, and following a series of takeovers, the company has grown considerably to become one of the Tapestry group's luxury brands.
The brand was purchased by Coach in 2015 for $574 million. It was made to broaden Coach's product line. In February 2025 Coach began negotiations with Calares Inc. to sell the brand. The sale was completed August 4, 2025.
Tapestry, Inc.
The business originally named Coach changed its name to Tapestry to better represent its broader product range when it expanded beyond Coach-brand handbags. The company officially changed its name and ticker symbol on the New York Stock Exchange from COH to TPR on October 31, 2017. 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.
Attempted acquisition of Capri Holdings
Tapestry announced it would acquire Capri Holdings in August 2023 for $8.5 billion. Capri owns the brands Versace, Michael Kors, and Jimmy Choo. The U.S. Federal Trade Commission sued to block the acquisition in April 2024 citing reduced competition between their brands, like Coach and Michael Kors, in the affordable luxury handbag market. It was also concerned that the deal would negatively impact hiring of workers and their wages. The merger was blocked on 24 October 2024. Tapestry and Capri committed to appealing the decision, but called off the merger the following month citing the regulatory hurdles.
Fourth quarter earnings in 2025, according to Barron’s, showed that Tapestry had boosted both sales and revenue of the Coach brand.
From Wikipedia’s article on Tapestry, Inc., shared under CC BY-SA 4.0.7