Tapestry

Tapestry, Inc. is a leading American multinational fashion holding company headquartered in New York City. Established in 2000 as Coach, Inc., the company rebranded to Tapestry in 2017 to better reflect its diverse portfolio of luxury brands.

The company's portfolio includes three iconic brands:

Iconic Brands

• Coach New York: Founded in 1941, Coach is renowned for its high-quality leather goods, including handbags, wallets, and accessories. The brand emphasizes craftsmanship and timeless design, catering to a global audience seeking luxury and functionality.
• Kate Spade New York: Launched in 1993, Kate Spade New York offers a vibrant and playful approach to fashion. The brand is celebrated for its colorful handbags, ready-to-wear apparel, jewelry, and home décor, appealing to consumers who appreciate bold and optimistic designs.
• Stuart Weitzman: Acquired by Tapestry in 2015, Stuart Weitzman is a luxury footwear brand known for its artisanal craftsmanship and innovative designs. The brand offers a range of high-fashion shoes that combine style and comfort, catering to a discerning clientele.

Acquisition Attempt

In August 2023, Tapestry announced plans to acquire Capri Holdings, the parent company of Versace, Michael Kors, and Jimmy Choo, in an $8.5 billion deal. This strategic move aimed to position Tapestry as a formidable competitor in the luxury fashion industry.

However, the U.S. Federal Trade Commission filed a lawsuit to block the acquisition, citing concerns over reduced competition in the affordable luxury handbag market. Subsequently, Tapestry abandoned the acquisition plans in November 2024.

Leadership and Innovation

Under the leadership of CEO Joanne Crevoiserat, who took the helm in 2020, Tapestry has focused on expanding its digital presence and enhancing customer engagement.

The company has leveraged generative AI to personalize online shopping experiences, catering to preferences of younger consumers, particularly Gen Z and millennials.

Operations and Workforce

Tapestry operates a global network of retail outlets, including freestanding flagship stores, department store concessions, and e-commerce platforms.

The company maintains a significant presence in multiple regions with approximately 18,600 employees as of 2024.

Locations

• Saint Paul, MN, USA
• Austin, TX, USA
• Columbia, MD, US
• Hialeah, FL, USA
• Miami, FL, USA
• Elizabeth, NJ, USA
• Allen, TX, US
• Houston, TX, USA
• NYC, NY, USA

Corporate Responsibility

In addition to business endeavors, Tapestry is committed to corporate responsibility, focusing on sustainability, diversity, and community engagement.

The company has been recognized for its efforts, including being named to Forbes’ “Best Employers for Women 2022” list and earning Great Place to Work® certification.

Tapestry's diverse portfolio and strategic initiatives underscore its dedication to innovation and leadership in the luxury fashion industry.