Tapestry Inc. (NYSE: TPR)
Luxury Goods · New York, NY, United States · Founded 1941
- Market capitalization: $12.0 billion
- Annual revenue: $5.88 billion
- Net income: $0.18 billion
- Employees: 18,000
- Sector: Consumer Cyclical
- Headquarters: New York, United States
- Founded: 1941
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Tapestry is the parent company of Coach, Kate Spade, and Stuart Weitzman u2014 three accessible luxury fashion brands. Coach is the crown jewel, generating the majority of revenue and profit. The company attempted to acquire Capri Holdings (Versace, Jimmy Choo, Michael Kors) for $8.5 billion in 2023, but the deal was blocked by the FTC on antitrust grounds. Tapestry was originally called Coach Inc. before rebranding in 2017.
Handbag, accessories, and apparel sales through own retail stores, outlet stores, e-commerce, and wholesale. Coach's leather goods (handbags, wallets) are the profit engine. Kate Spade targets a younger, more playful customer. Stuart Weitzman sells luxury footwear. Direct-to-consumer channels account for over 75% of revenue. Annual revenue exceeds $6.7 billion.
Coach was founded in 1941 as a family-run leather goods workshop in Manhattan. The company went public in 2000. Kate Spade was acquired for $2.4 billion in 2017, and Stuart Weitzman for $574 million in 2015. The company rebranded from Coach Inc. to Tapestry in 2017. The failed Capri Holdings acquisition in 2024 was a significant setback. CEO Joanne Crevoiserat has led the company since 2020.
| Market Capitalization | $12.0B |
| Annual Revenue | $5.88B |
| Net Income | $0.18B |
| Profit Margin | 3% |
| Revenue per Employee | $326667K |
| Stock Exchange | NYSE |
| Ticker Symbol | TPR |
Financial data is approximate and based on most recent annual filings.
Coach bags have experienced a massive resurgence among Gen Z consumers, driven by the "quiet luxury" trend and vintage Coach collecting on social media. Kate Spade (the designer) tragically died by suicide in 2018. The FTC's block of the Capri deal was based on the argument that it would reduce competition in "accessible luxury" handbags u2014 a market definition that surprised many analysts.
Coach's Gen Z renaissance is the real story u2014 the brand is hotter than it's been in years, and the failed Capri deal might actually be a blessing, letting Tapestry focus on its strongest asset.
What is Tapestry Inc.'s revenue?
Tapestry Inc. generates approximately $5.88 billion in annual revenue.
How many employees does Tapestry Inc. have?
Tapestry Inc. employs approximately 18,000 people worldwide.
What is Tapestry Inc.'s market cap?
Tapestry Inc. (TPR) has a market capitalization of approximately $12.0 billion on the NYSE.
When was Tapestry Inc. founded?
Tapestry Inc. was founded in 1941 and is headquartered in New York, NY, United States.
Who is the CEO of Tapestry Inc.?
Joanne Crevoiserat is the current CEO of Tapestry Inc..
What is Tapestry Inc.'s website?
Tapestry Inc.'s official website is tapestry.com.
| CEO | Joanne Crevoiserat |
| Sector | Consumer Cyclical |
| Industry | Luxury Goods |
| Founded | 1941 |
| HQ | New York, NY |
| Country | United States |
| Website | tapestry.com |
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