Tapestry, Inc.

What does Tapestry, Inc. own?
Tapestry, Inc. owns two brands: Coach and Kate Spade. The company sold Stuart Weitzman to Caleres on August 4, 2025 for $105 million in cash. Tapestry also operates outlet store formats for both Coach and Kate Spade, but these are distribution channels rather than separate brands.

Is Tapestry, Inc. publicly traded?
Yes. Tapestry, Inc. is listed on the New York Stock Exchange under ticker TPR. The company was originally spun off from Sara Lee Corporation in 2000 as Coach, Inc. and was renamed Tapestry, Inc. in October 2017.

Who founded Tapestry, Inc.?
Tapestry was founded in 1941 as Coach by Miles and Lillian Cahn in New York City. The Cahns started the business as a small leather goods workshop. The company was later acquired by Sara Lee Corporation in 1985 and spun off as an independent public company in 2000.

Where is Tapestry, Inc. headquartered?
Tapestry, Inc. is headquartered in New York, New York, USA. The company is incorporated in Maryland.

How many brands does Tapestry, Inc. own?
Tapestry owns 2 brands: Coach and Kate Spade. The company previously owned Stuart Weitzman but sold the brand to Caleres in August 2025.

Who owns Tapestry, Inc.?
Tapestry, Inc. is owned by institutional investors, mutual funds, and individual shareholders. Major institutional holders include Vanguard Group, BlackRock, and State Street Corporation. No single shareholder holds a controlling stake, and all shares carry equal voting rights.

What is Tapestry, Inc.'s revenue?
Tapestry reported record annual revenue of $7.01 billion in fiscal year 2025 (ended June 28, 2025). The company raised its FY2026 revenue outlook to approximately $7.95 billion in May 2026, representing 14% reported growth year over year.

Has Tapestry made major acquisitions recently?
Tapestry's most recent major acquisition was Kate Spade in 2017 for approximately $2.4 billion. The company attempted to acquire Capri Holdings for $8.5 billion in 2023, but the deal was blocked by the FTC and abandoned in January 2024. In August 2025, Tapestry divested Stuart Weitzman to Caleres for $105 million.

Tapestry's history begins with Coach, which was founded in 1941 in a Manhattan loft. Miles Cahn, a leather artisan, and his wife Lillian Cahn started the business as a small leather goods workshop called Gail Leather Products. The Cahns initially produced wallets and billfolds. In 1946, Miles Cahn developed a technique for processing leather to make it softer, more supple, and stronger, which became Coach's signature material.

The company gained recognition in the 1960s when sportswear designer Bonnie Cashin was brought in as creative director. Cashin introduced hardware details inspired by her handbag designs, including the brass toggle closure that became a Coach signature. Under Cashin's direction, Coach transformed from a utilitarian leather goods maker into a fashion brand.

In 1985, Coach was acquired by Sara Lee Corporation for approximately $30 million. Sara Lee provided the capital and corporate infrastructure to expand Coach's retail footprint and product lines. During the Sara Lee era, Coach opened stores across the United States and expanded internationally into Japan and other Asian markets.

Coach was spun off from Sara Lee in 2000 as an independent public company listed on the New York Stock Exchange. The IPO valued Coach at approximately $2.5 billion. As an independent company, Coach accelerated its retail expansion and built its e-commerce capabilities.

In January 2015, Coach acquired Stuart Weitzman, a luxury footwear brand, for approximately $574 million. The acquisition was Coach's first major brand acquisition and marked the beginning of its transformation from a single-brand company to a multi-brand holding company.

In July 2017, Coach acquired Kate Spade & Company for approximately $2.4 billion. The acquisition was aimed at diversifying Tapestry's portfolio with a brand that had a different aesthetic and customer base. Kate Spade, founded in 1993 by Kate and Andy Spade, was known for its colorful, playful designs and strong appeal to millennial consumers.

In October 2017, Coach, Inc. was renamed Tapestry, Inc. The name change was controversial among some investors and brand loyalists, but the company maintained that it reflected the evolution from a single-brand company to a house of brands. CEO Victor Luis, who led the rebranding, stepped down in 2019 and was replaced by Joanne Crevoiserat, who remains CEO as of 2026.

In 2021, Tapestry attempted to acquire Capri Holdings (owner of Michael Kors, Versace, and Jimmy Choo) for approximately $8.5 billion. The deal was abandoned in January 2024 after the U.S. Federal Trade Commission filed a lawsuit to block the merger on antitrust grounds. The FTC argued that the combined company would control too much of the affordable luxury handbag market. The failed acquisition cost Tapestry approximately $93 million in deal-related expenses.

On February 16, 2025, Tapestry announced an agreement to sell Stuart Weitzman to Caleres, Inc. (NYSE: CAL) for $105 million in cash. The sale was completed on August 4, 2025. The divestiture allowed Tapestry to focus on its two core brands, Coach and Kate Spade, while Caleres added Stuart Weitzman to its portfolio of footwear brands including Famous Footwear, Sam Edelman, and Allen Edmonds.

In fiscal year 2025 (ended June 28, 2025), Tapestry delivered record annual revenue of $7.01 billion, a 5% increase from the prior year. Coach brand revenue grew 10% to $5.60 billion, while Kate Spade revenue declined 10% to $1.20 billion. The company returned $2.3 billion to shareholders through dividends and share repurchases and approved a 14% dividend increase.

In fiscal year 2026, Tapestry's performance accelerated. In the third quarter (ended March 28, 2026), the company reported revenue of $1.92 billion, a 21% increase year over year. Coach brand revenue surged 31% to $1.70 billion. Tapestry raised its full-year FY2026 outlook to approximately $7.95 billion in revenue, representing 14% reported growth, with earnings per diluted share expected in the range of $6.85 to $6.95.

Tapestry publishes an annual corporate responsibility report covering environmental and social commitments. The company has set science-based targets for greenhouse gas emissions reduction and has committed to sourcing 100% of its leather from tanneries certified by the Leather Working Group.

Tapestry's sustainability initiatives include reducing virgin plastic in packaging, increasing the use of recycled materials in products, and improving energy efficiency in its stores and distribution centers. The company has also committed to fair labor practices across its supply chain and publishes a list of its tier-1 suppliers.

The company is not a Certified B Corporation. Tapestry's sustainability reporting is self-published and should be evaluated as a first-party source rather than independent certification. The company has not faced significant regulatory action or credible criticism for greenwashing.

Tapestry has been recognized on the Forbes Global 2000 list of the world's largest public companies. The company has also been included in the Bloomberg Gender-Equality Index, which recognizes companies committed to gender equality in the workplace. In 2025, Tapestry was named to the Dow Jones Sustainability Index for North America.

These rankings reflect Tapestry's scale and its corporate governance practices. The company has not received significant product or design awards at the corporate level, though individual brands within the portfolio have received industry recognition.

The most significant regulatory event in Tapestry's recent history was the Federal Trade Commission's challenge to its proposed acquisition of Capri Holdings. In April 2024, the FTC filed a lawsuit to block the $8.5 billion merger, arguing that the combined company would control too much of the accessible luxury handbag market in the United States. The case was scheduled for trial in late 2024. In January 2024, before the trial concluded, Tapestry and Capri mutually agreed to terminate the merger agreement. Tapestry incurred approximately $93 million in deal-related expenses. The FTC's challenge highlighted regulatory scrutiny of consolidation in the affordable luxury fashion market.

The Stuart Weitzman sale to Caleres in 2025 proceeded without regulatory challenge. The transaction was a divestiture rather than an acquisition and did not raise antitrust concerns.

Tapestry has faced criticism regarding labor practices in its supply chain, particularly in Asian manufacturing facilities. The company has published supplier codes of conduct and conducts audits of its manufacturing partners. No major regulatory action has been taken against Tapestry regarding labor practices.