Companies

Description

Tapestry is an American multinational luxury fashion holding company. It is based in New York City and is the parent company of three major brands: Coach New York, Kate Spade New York and Stuart Weitzman. Originally named Coach, Inc., the business changed its name to Tapestry on October 31, 2017.

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.

Rating GlobalNY.biz

Take place
general
№201
general
Take place
area
№23
In rating
Consumer goods
area

Subordinate organizations

View all

NEW YORK COMPANIES


New York business portal GlobalNY.biz includes a huge directory of organizations operating in New York. Here you can easily find all the necessary information about the company. The organization card contains a full info page with a detailed description of the company's activities, logo, contact details and a link to the organization's official website. The reader can also immediately familiarize himself with the staff of the company, see the latest press releases and news block, and also see what line of the rating the company occupies. The rating of a member of the GlobalNY.biz business portal is calculated based on the number of mentions in the New York news and posted press releases containing information about the organization's activities and its achievements. You can also rise in the rating by publishing vacancies, as well as the number of registered persons. At the same time, company representatives can independently see how many times the company's card has been viewed on GlobalNY.biz, as well as promptly correct the information.
We pay special attention to the multifunctionality of the "Companies" section. For your convenience, there is a search box, as well as an industry heading.
New York Business Portal is always up-to-date database of New York enterprises!
Alena Potapova

Development Director
Population
8126482453
Died this year
23738475
Born this year
58400850