In October 2017 the company announced
that it was planning to rename itself as Tapestry, effective on October
31, 2017 (Halloween). The company’s ticker symbol will change from COH
to TPR as well.
The corporate name is being changed
mainly to reflect that the company’s expanding portfolio. Coach also
owns boot maker Stuart Weitzman, which Coach bought in 2015, and fellow
handbag maker Kate Spade, which Coach acquired in 2017.
Tapestry is the new company name that owns
the Kate Spade brand.
In May 2017, Coach Inc. agreed to acquire
rival Kate Spade & Co. for $2.4 billion, as the handbag and
accessories maker seeks to tap younger consumers amid slower growth in
the handbag market.
It all started back in 1993, when Kate
Brosnahan Spade, a former accessories editor at mademoiselle, set
out to design the perfect handbag. Debuting with just six
silhouettes, she combined sleek, utilitarian shapes and colorful
palettes in an entirely new way. This is when Kate Spade New
York was born.
Women and fashion editors fell for the fresh,
modern sensibility, and ther first
Kate Spade shop in New York City swiftly opened in 1996. as
the company grew, their graphic approach and clever wit created a visual
shorthand for a brand recognizable the world over.
In 2007, Spade turned the reins to design
Kate Spade & Company (formerly known as
Liz Claiborne, Inc.). Shortly after, Deborah Lloyd took the
helm as president and chief creative officer with an aim to broaden the
line while honoring their rich history. Along with CEO Craig Leavitt,
she quickly launched clothing and jewelry collections, quickly followed
by the introduction of bedding, legwear and fragrance.
Kate Spade has grown into a global lifestyle
brand, and aims to inspire colorful living through their handbags
and clothing to jewelry, shoes, stationery, eyewear, baby, fragrance,
tabletop, bedding and gifts.
Crisp color, graphic prints and playful
sophistication are the hallmarks of Kate Spade New York. From handbags
and clothing to jewelry, fashion accessories, fragrance, eyewear, shoes,
swimwear, home decor, desk accessories, stationery, tabletop and gifts,
our exuberant approach to the everyday encourages personal style with a
dash of incandescent charm. they call it living colorfully.
2015 Summary: Kate Spade & Company (NYSE:
KATE) designs and markets accessories and apparel principally under two
global, multichannel lifestyle brands: kate spade new york and Jack
Spade. With collections spanning demographics, genders and geographies,
the brands are intended to accent customers' interesting lives and
inspire adventure at each turn. The Company also owns the Adelington
Design Group, a private brand jewelry design and development group that
markets brands through department stores and serves jcpenney via
exclusive supplier agreements for the Liz Claiborne and Monet jewelry
lines. The Company also has a license for the Liz Claiborne New York
brand, available at QVC, and Lizwear, which is distributed through the
club store channel. Kate Spade New York has over 140 retail shops
and outlet stores across the united states, and more than 175 shops
internationally. Their colorful products are sold in more than 450
doors worldwide, in every time zone and on every continent. Whether in
San Francisco, Sao Paulo or Shanghai, their shops are always warm and
about Kate Spade New York.
Learn more about the
women's Kate Spade fashion brand here on Apparel Search.
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