Tapestry Archives

Tapestry

Tapestry was founded as Coach in 1941 in New York. Renamed in 2017, it is the parent company of leather goods and accessories brand Coach New York and Kate Spade New York. It sold Stuart Weitzman to Caleres for $105m (£77m) in early 2025. The group posted  $6.67bn (£4.92bn) revenue and $816m (£602m) net income in 2024, with Coach driving growth.

News

Coach sales surge prompts Tapestry to up profit forecast

US leather goods group Tapestry has raised its profit forecast by 15.4% to $1.5bn (£1.1bn), following a 25% increase in sales to $2.1bn (£1.54bn) at its flagship Coach brand for the second quarter to 27 December 2025.

Tapestry warns of tariff hit to profits

Coach owner Tapestry reported record full-year and fourth-quarter revenue for the 12 months ended 28 June 2025, but warned future profitability might be impacted by US tariffs.

Tapestry offloads Stuart Weitzman

Tapestry, the owner of accessible luxury brands including Coach, has sold footwear brand Stuart Weitzman to Blowfish Malibu owner Caleres for $105m (£83m).

Tapestry to appeal US court ruling to block Capri acquisition

Tapestry, the owner of accessible luxury brands including Coach, has outlined plans to appeal a US judge’s decision to block the pending $8.5bn (£6.7bn) acquisition of Capri Holdings.

Tapestry sees slight revenue growth

Tapestry, which owns brands including Coach, Kate Spade New York and Stuart Weitzman, reported a 1% rise in revenue for the full year to 29 June 2024 to $6.67bn (£5.17bn), driven by "record" sales of Coach.

Sales slow at Coach owner Tapestry

Tapestry, which acquired Capri last week, reported net sales of $6.66bn (£5.24bn) for the year to 1 July 2023, compared with $6.68bn (£5.25bn) in 2022, driven by softer consumer demand in North America.