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Coach Again Drives Growth for Tapestry in Revenue, New Customers

Tapestry wrote down $855 million on Kate Spade due to declining sales and cash flows while Coach now accounts for nearly 80% of Tapestry's sales, driven by younger shoppers.

Summary by fashiondive.com
The company still experienced a steep net loss, however, due to the nixing of the proposed Capri Holdings merger and a loss of brand value at Kate Spade.

2 Articles

FortuneFortune
Center

Buying Kate Spade has cost Tapestry nearly $1 billion

While Kate Spade falters, Coach is firing on all cylinders.

·New York, United States
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fashiondive.comfashiondive.com
Center

Coach again drives growth for Tapestry in revenue, new customers

The company still experienced a steep net loss, however, due to the nixing of the proposed Capri Holdings merger and a loss of brand value at Kate Spade.

Read Full Article
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fashiondive.com broke the news in on Thursday, August 14, 2025.
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