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I would like to introduce some unfamiliar companies that may be of some help to your investments.
The company I’m going to introduce is $Tapestry Inc.(TPR)$ .
It went public on 5th October 2000.
[Company Profile]
Tapestry, Inc. is a house of modern luxury accessories and lifestyle brands. The Company operates through three segments: Coach, Kate Spade and Stuart Weitzman.
The Coach segment includes sales of Coach products to customers through Coach operated stores, including e-commerce sites and concession shop-in-shops, and sales to wholesale customers and through independent third-party distributors.
The Kate Spade segment includes sales primarily of kate spade new york brand products to customers through Kate Spade operated stores, including e-commerce sites, sales to wholesale customers, through concession shop-in-shops and through independent third-party distributors.
The Stuart Weitzman segment includes sales of Stuart Weitzman brand products primarily through Stuart Weitzman operated stores, including e-commerce sites, sales to wholesale customers and through numerous independent third-party distributors.
[History & Events]
1941: Coach was founded in 1941. Starting as a workshop, it grew into a company with over 17,000 employees.
1950: Stuart Weitzman started out in the late 1950s as a luxury shoe company named after one of the brothers who started it.
1993: American fashion designer Kate Spade founded Kate Spade New York in 1993. It was initially similar to the Coach company.
2000: Coach went public.
2015: Stuart Weitzman was purchased by Coach in 2015 for $574 million. It was made to broaden Coach's product line.
2017: Kate Spade New York was purchased by Coach in 2017 in a $2.4 billion deal.
Coach officially changed its name to Tapestry and ticker symbol on the New York Stock Exchange from COH to TPR on October 31, 2017.
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.
2022: The Tapestry Foundation announced $3 Million Grant to World Wildlife Fund to execute pioneering leather traceability program in Brazil.
[Main Business Segments]
[Net Income & Total Revenue]
[Competitors]
-Tod's Group
-Bally
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