Tapestry outperformed in the third quarter of the current financial year, with a revenue increase driven by constant currency growth seen both at its Coach brand and across the European region. Over the period ended March 29, 2025, the company, which also owns Kate Spade and Stuart Weitzman, posted a revenue of 1.58 billion dollars, representing...
8 May 2025
A number of established brands and fashion groups have joined in the second cohort of the Ellen MacArthur Foundation’s The Fashion ReModel project. Among the new names are sportswear retailer Decathlon, British department store John Lewis and US luxury group Tapestry. Secondhand marketplace Ebay and Colombia textile manufacturer Crystal S.A.S...
29 Apr 2025
Tapestry, the American fashion group whose brands include Coach, has sued Shein for plagiarism. Coach's parent company accuses the Chinese e-commerce giant of violating its property rights and trademark, according to court documents. Tapestry alleges that Shein engages in misleading advertising and distributes products that closely resemble...
20 Mar 2025
Tapestry, Inc., the parent company of several leading accessories and lifestyle brands, including Coach and Kate Spade New York, has announced the sale of its Stuart Weitzman brand to Caleres, a portfolio of consumer footwear brands, for 105 million dollars in cash today. Caleres stated that it aims to fund the acquisition through the company’s...
19 Feb 2025
Driven by robust growth at its core brand Coach, US fashion conglomerate Tapestry Inc. delivered surprisingly strong results for the second quarter of fiscal year 2024/25 on Thursday. In light of the positive performance, the company raised its full-year guidance. In the second quarter, ending December 28th, the group achieved revenue of nearly...
6 Feb 2025
From blocked merger attempts to widescale bankruptcies, 2024 has been somewhat of a rollercoaster for brands across all subcategories. FashionUnited takes a look at what is on the horizon as the biggest stories of this year continue to unfold into 2025. Head-to-head: Fashion giants tackle turbulent market A major merger at Saks and Neiman Marcus...
27 Dec 2024
Capri Holdings Limited and Tapestry Inc. have reached an agreement to terminate their merger arrangement, Capri announced in a press release. The news comes after a judge blocked the multi-billion dollar deal. Capri and Tapestry have said they are finally pulling the plug on their multi-billion dollar deal "in the best interest of both...
14 Nov 2024
Coach-owner Tapestry “outperformed expectations” for the first quarter of the year, according to CEO Joanne Crevoiserat, who said the results showcased “the brand magic and operational excellence that fuel our strategic growth agenda”. For the quarter ended September 28, 2024, the company’s net sales totaled 1.51 billion dollars, in-line with...
7 Nov 2024
On Thursday, October 24, a US judge opted to block Tapestry’s attempt to buy competitor Capri Holdings, with “loss of head-to-head competition” cited as the reasoning. The case, first brought forward in a lawsuit by the Federal Trade Commission (FTC), became high profile due to its involvement of notable executives and the fact that the merger...
28 Oct 2024
The U.S. District Court for the Southern District of New York granted the U.S. Federal Trade Commission's motion for a preliminary injunction to block Tapestry Inc.'s (TPR) 8.5 billion dollar acquisition of Capri Holdings Limited (CPRI). Capri shares closed Thursday's regular trading session at 41.60 dollars, down 0.21 dollars or 0.50 perent....
25 Oct 2024
A US judge on Thursday blocked fashion group Tapestry's 8.5 billion dollar deal to buy Capri, which owns luxury brands including Michael Kors and Versace, citing a potential loss of competition. The deal, seen as an attempt to create a new global fashion giant to compete with European powerhouses, was halted by a federal court in New York after...
A trial brought by the US Federal Trade Commission (FTC) against a potential merger of luxury goods giants Tapestry and Capri Holdings was brought to a close on Monday, with a federal judge's decision now being awaited. The FTC brought the antitrust case against the duo after Coach-owner Tapestry announced its intention to acquire competitor...
1 Oct 2024