Coach owner Tapestry replaces CEO with chairman
NEW YORK (AP) — Tapestry, the company behind Coach handbags, named chairman Jide Zeitlin as its new CEO.
Zeitlin will replace Victor Luis, who struggled to turn the company into a fashion...
Tapestry offers downbeat outlook and its stock tumbles
NEW YORK (AP) — Tapestry Inc.'s shares lost nearly a quarter of their value Thursday after the upscale handbag and fashion company said that it would have an unexpected drop in profit and revenue...
NEW YORK (AP) — A strong performance at Coach powered the results at its parent company Tapestry, but a weak showing from its Stuart Weitzman shoe brand and its Kate Spade business dragged shares of the company down sharply.
Tapestry is trying to create a global house of powerful brands and rely less on discounts to lure shoppers.
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:
Tapestry Inc., down $6.31 to $47.46
The company's Kate Spade and Stuart Weitzman brands had a weak first quarter.
AbbVie Inc., up $5.52 to $102.07
The drugmaker said it will buy back $7.5 billion in stock.
Seagate Technology PLC, down $3.68 to $54.21
The electronic storage company gave up some of its recent gains in spite of a strong third-quarter report.
GREENWICH — Christina Praylow, 31, of Norwalk, was charged with larceny Tuesday afternoon on Greenwich Avenue.
According to the arrest report, Praylow was a past employee at the Stuart Weitzman store. She allegedly took a handbag from the store without paying. She later returned to the store, according to the report, and was arrested.
Coach no more; New York company wants to be called Tapestry
NEW YORK (AP) — To better incorporate all of the brands it now owns, the storied Coach company of New York is changing its name to Tapestry.
The luxury goods company that came to prominence in the "Mad Men" era now owns brands like Stuart Weitzman and Kate Spade & Co. as well. CEO Victor Luis said Wednesday that the name Tapestry is more inclusive.
NEW YORK (AP) — Coach will spend $2.4 billion for Kate Spade, tying together two premier brands in the luxury goods sector that have fought to snare younger shoppers.
Noting that crucial demographic, Coach Inc. CEO Victor Luis said in a statement Monday that Kate Spade has a "strong awareness among consumers, especially millennials." Coach executives say that 60 percent of Kate Spade customers are in that group.
Scene…Greenwich resident and shoe designer Stuart Weitzman was seen having dinner at Doppio restaurant on Elm Street in Greenwich last week, as well as NY Yankees pitcher Jacoby Ellisbury and NY Yankees first baseman and former Greenwich resident Mark Teixeira.Out there…Greenwich Wine Society is having a lawn party hosted by John Dolan at a historical home in Greenwich from 6 to 8 p.m. July 27. Guests will enjoy a variety of wines as well as hors d’oeuvres. Cost is $50 in...
- Business WireTapestry and Its Brands - Coach, Kate Spade and Stuart Weitzman - Bring the Fashion Industry Together to Sign Open to All PledgeSeptember 5, 2019
- Business WireTapestry, Inc. Declares Quarterly Cash DividendMay 16, 2019
- Business WireTapestry, Inc. Declares Quarterly Cash DividendFebruary 21, 2019
- BusinessWireAnnounces Departure of Stuart Weitzman Creative DirectorMay 21, 2018
- BusinessWireTapestry, Inc. Declares Quarterly Cash DividendMay 17, 2018