Tapestry, Inc.

Coach was founded in 1941. Starting as a workshop, it grew into a company with over 17,000 employees.[7] Seeking wider recognition and a larger market, the company acquired brands such as Kate Spade and Stuart Weitzman. This broadened the appeal to consumers of all three brands. The company changed names, reducing the share price because investors felt that the name change was not well received by customers. The share price later recovered.[8]

American fashion designer Kate Spade founded Kate Spade New York in 1993. It was initially similar to the Coach company. The company was purchased by Coach in 2017 in a $2.4 billion deal. In 2018, Spade took her own life at age 55, devastating the company and its customers.[9]

Stuart Weitzman started out in the late 1950s as a luxury shoe company named after one of the brothers who started it. It grew into a large operation in Manhattan. The brand was purchased by Coach in 2015 for $574 million. It was made to broaden Coach's product line.[9]

This business originally named Coach changed its name to Tapestry to become better match the fashion industry and its customers.[9] The company officially changed its name and ticker symbol on the New York Stock Exchange from COH to TPR on October 31, 2017.[10] The company wanted to include more than just Coach-brand handbags, the company switched its name to represent a wider range of products. Most of these products are accessories, such as handbags, key-chains, shoes and other small fashion items. Most of these items are leather-goods and are produced by the individual subsidiaries.[8]

In late July, 2020, the company named Joanne Crevoiserat, Tapestry’s CFO since early 2019, the new CEO. She became the 36th female to lead a Fortune 500 company.[11]