Kate Spade news and archive

Coach brand drives Tapestry's strong Q1 results

Tapestry, Inc., the house of iconic accessories and lifestyle brands including Coach and Kate Spade, reported a strong start to its fiscal 2026 with first-quarter outperformance that surpassed revenue and earnings expectations. The company achieved 13 percent net sales growth to 1.70 billion dollars and saw non-GAAP earnings per diluted share...

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Business

Analysis: Tapestry reaches new peak as stock soars in August

New York-based Tapestry, Inc. is a leading American multinational holding company specializing in luxury fashion accessories and lifestyle products. The company's portfolio includes two brands: Coach and Kate Spade New York. This analysis comes at a pivotal time for Tapestry, following its recent fiscal year results and the strategic decision to...

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Business

Tapestry exceeds expectations in fourth quarter despite high losses

The US fashion group Tapestry Inc. slipped deep into the red in the fourth quarter of the 2024/25 financial year due to negative one-off effects. Overall, the results, which the company published on Thursday, exceeded market expectations. In the final quarter, which ended on June 28, group revenue amounted to 1.72 billion dollars. This...

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Business

Tapestry raises 2025 revenue outlook as Q3 outperforms

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...

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Business

Caleres to acquire Stuart Weitzman from Tapestry Inc. for $105 million

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...

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Business

Tapestry Q1 ‘outperforms expectations’, ups fiscal 2025 outlook

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...

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Tapestry x Capri merger blocked: What does this mean for the ‘accessible’ fashion market?

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...

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US court blocks Coach owner's 8.5 billion dollar buyout of Versace parent

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...

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Fashion

Kate Spade and M&M's launch a special, limited-edition collection

Lifestyle brand Kate Spade New York has partnered with iconic candy brand M&M’s to create a special limited edition capsule collection. Inspired by the worlds of candy and fashion, the M&M’S x Kate Spade New York capsule collection features handbags, jewelry, and accessories that combine design elements from both brands. "Kate Spade New York has...

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Business

Tapestry's Capri Holdings acquisition faces FTC opposition

The fate of Capri Holdings, the parent company of Michael Kors, is on hold following an ongoing Federal Trade Commission (FTC) lawsuit challenging Tapestry's proposed 8.5 billion dollar acquisition of the group. According to the FTC, the merger of the Coach and Kate Spade brands, owned by the multinational holding company Tapestry, with Michael...

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Coach parent Tapestry's Q4 earnings beat analysts' expectations

Tapestry, owner of Coach, Kate Spade, and Stuart Weitzman brands reported net income of 217 million dollars, with earnings per diluted share of 92 cents. Analysts surveyed by Bloomberg expected the company to report earnings per share of 88 cents. The company's net sales of 1.59 billion dollars, declined by 2 percent on a reported basis for the...

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People

Tapestry hires Eva Erdmann to take over as CEO of Kate Spade brand

Tapestry has appointed Eva Erdmann as CEO & brand president of Kate Spade. Erdmann, the company said in a release, will join the brand in October, succeeding Liz Fraser, who is leaving the business in September. Upon her arrival, Erdmann will report directly to Joanne Crevoiserat, chief executive officer of Tapestry, Inc. and will become a...