Coach Turns Into Tapestry

October 11, 2017

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.

Categories: Business Programs, Industry Watch