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Coach changing its name to Tapestry with effect from October 31 to reflect change of focus

The move comes three years after the luxury leather products group laid out its plan to build beyond the Coach brand, with the firm now including shoe and boot designer Stuart Weitzman, acquired in 2015, and apparels and accessories group Kate Spade & Co
Coach store
Coach’s chief executive, Victor Luis said: "In Tapestry, we found a name that speaks to creativity, craftsmanship, authenticity"

Coach Inc. (NYSE:COH) has announced it is changing its name to Tapestry Inc., and its ticker to TPR with effect from October 31.

The move comes three years after the luxury leather products group laid out its plan to build beyond the Coach brand, with the firm now including shoe and boot designer Stuart Weitzman, acquired in 2015, and apparel and accessories group  Kate Spade & Co.

In a statement, Coach’s chief executive, Victor Luis said: "In Tapestry, we found a name that speaks to creativity, craftsmanship, authenticity and inclusivity on a shared platform and values."

In early New York trading, Coach shares were down 1.9% at US$39.243, having gained 13% for the year so far.

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Coach Timeline

Article
November 01 2016
Newswire
October 27 2015

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