Tapestry, Inc., formerly known as Coach, Inc., is an American multinational luxury fashion and lifestyle company. The company changed its name to Tapestry (stock symbol TPR) in October 2017, to better include its portfolio of brands. These brands now span coach, Stuart Weitzman and Kate Spade New York, making it a leading New York-based house of modern luxury accessories and lifestyle brands.
Tapestry, Inc. was formed over 75 years ago, with a primary focus on developing a series of distinctive American styles that has significantly redefined the concept of luxury fashion. The company functions from its New York headquarters, delivering to clientele in over 50 global markets through specialty stores, department store locations, and e-commerce websites.
Each of its brands, Coach, Stuart Weitzman and Kate Spade, are unique participants in the global luxury market. Coach, founded in 1941, has a rich heritage rooted in quality and workmanship that has made it an iconic American brand. Stuart Weitzman, known for its beautiful shoes and bags, was started in the 1960s and was later acquired by Coach, Inc. in 2015. Kate Spade's colorful and stylish products have been making waves since the brand was established in 1993, with Tapestry acquiring the brand in 2017.
Tapestry, Inc. operates on a platform of innovation, integrity and responsible sourcing, committed to delivering products that are crafted with care. The company also believes in sustainable practices, preserving the places where its customers and employees live, work and play. Its major business activities concern the design and marketing of a range of women's and men's bags, small leather goods, footwear, ready-to-wear, watches, and other lifestyle accessories.
As of 2020, Tapestry, Inc. employs over 17,000 people and achieved annual revenue of $4.96 billion. Despite the hardships of the global pandemic, Tapestry continues to handle its global luxury brand portfolio with dexterity. Thanks to its solid brand image and commitment to quality, Tapestry, Inc. enjoys a loyal customer base and remains one of the most prominent players in the global luxury market.