World Footwear


US regulator moves to block Tapestry’s acquisition of Capri

Apr 25, 2024 / United States
The Federal Trade Commission (FCT) has filed a lawsuit to block the merger of luxury fashion conglomerates Tapestry and Capri Holdings, arguing that it would lead to higher prices for US consumers

Luxury hit the brakes in 2023

Premium ContentApr 16, 2024 / World
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand

Tapestry raises full year earnings guidance

Feb 12, 2024 / United States
The owner of Coach, Kate Spade and Stuart Weitzman has raised its earnings guidance for fiscal 2024 after posting better-than-expected revenue and profit growth in the second quarter

Tapestry’s sales growth slows down

Nov 15, 2023 / United States
The US-based company posted record net sales of 1.51 billion US dollars in the first quarter of fiscal 2024, but a figure only slightly higher than the one recorded a year ago

Tapestry acquires Capri in 8.5 billion US dollars deal

Aug 10, 2023 / United States
The two houses announced that they have entered into a definitive agreement under which Tapestry will acquire Capri Holdings. Under the terms of the transaction the total enterprise value will be of approximately 8.5 billion US dollars

Coach converts Boeing 747 into a retail concept store

Jul 6, 2023 / Malaysia
The luxury brand owned by Tapestry has unveiled an immersive retail concept store housed in a transformed 1981 Boeing 747-230B aircraft at Freeport A'Famosa Outlet in Malacca

Coach launches sub-brand focused on circularity

Apr 27, 2023 / United States
Coachtopia, co-created with a growing community of Gen Z members, was built according to circularity principles aiming to push for a transition to a fully circular fashion system

Tapestry delivers record second quarter earnings

Feb 14, 2023 / United States
The owner of Coach, Kate Spade and Stuart Weitzman posted record earnings per diluted share of 1.36 US dollars in the second quarter of FY 2023, even though net sales fell by 5% year-over-year

Tapestry announces retirement of COO Tom Glaser

Aug 5, 2022 / United States
The New York based fashion house, owner of brands Coach, Kate Spade and Stuart Weitzman, has also announced Scott Roe is to be appointed to the dual role of CFO & COO of Tapestry

Tapestry cuts outlook for 2022

May 17, 2022 / United States
Despite reporting a strong third quarter, the owner of Coach, Kate Spade and Stuart Weitzman, lowered its full year outlook, due to pressures related to the resurgence of COVID-19 in Mainland China

Tapestry donates 3 million USD to World Wildlife Fund

Apr 14, 2022 / United States
The Tapestry Foundation will provide a 3 million US dollars grant to support the development of an innovative system to enhance the traceability of the leather value chain in Brazil

Tapestry announces record quarterly sales

Feb 15, 2022 / United States
The New York-based luxury group, owner of Coach, Kate Spade and Stuart Weitzman, improved its outlook for fiscal 2022 after reaching 2.14 billion US dollars revenue in the second quarter

Coach partners up with Savory Institute

Jan 25, 2022 / United States
The subsidiary of Tapestry has teamed up with the Savory Institute’s Land to Market Programme to support the regenerative agriculture movement, reducing its impact on climate change

Tapestry raises full-year outlook

Nov 16, 2021 / United States
The New York-based luxury group, owner of Coach, Kate Spade and Stuart Weitzman, announced revenue growth of 26% in the first quarter of fiscal 2022, totalling 1.48 billion US dollars

Johanna W. Hanneke Faber joins Tapestry Board of Directors

Sep 1, 2021 / United States
New York-based house of modern luxury accessories and lifestyle brands announced that Hanneke Faber has been appointed to Tapestry’s Board of Directors. The appointment of Ms. Faber to the Board brings the membership to eleven, including ten independent directors
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