Accessible luxury company Coach, Inc. has taken a new name—Tapestry. With the earlier acquisitions of Kate Spade and Stuart Weitzman, Coach is positioning itself as a holding company for other fashion brands, in the same way that Kering and LVMH bundle the upper echelons of fashion brands. CEO Victor Luis tells the New York Times
, Tapestry's common thread will be inclusivity. "We embrace our differences, whether they be race, gender, sexual orientation or belief systems." Michael Kors is set to compete in the same category.
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