Coach partners with Genesis Luxury to enter India

Renowned American fashion label Coach will soon be available in India through a partnership with Gurgaon-based Genesis Luxury. The brand is known for its range of accessories and gifts for women and men. The New York-based Coach was founded in 1941 as a family-run workshop with six leather workers who hand-made wallets and billfolds. It had revenues of 4.8 billion dollars (over Rs 30,550 crores) in 2014.

In 2000, Coach had its initial public offering and its stocks started trading on the New York Stock Exchange. Later, in 2011, Coach also got listed on the Hong Kong Stock Exchange. The brand sells through retail stores, authorized department stores, specialty stores, duty free locations and the company's e-commerce sites in over 35 countries.

Genesis was founded by Sanjay Kapoor, MD of Genesis Luxury; Jyoti Narula, MD of Genesis Colors, the Indian brand arm; and chief designer Puneet Nanda, Satya Paul’s son, who later exited the business.