American luxury group that owns Coach and Kate Spade. Coach has abandoned crumbling malls and department stores and shed its reputation as the go-to label for discounted bags. It now sells almost 90% of its products directly to customers. Ads featuring stars such as Selena Gomez, and a push into customisable charms for bags, have lured younger shoppers. Most Coach bags sell for $200-500, which Sandeep Seth of Tapestry argues is the "sweet spot" in the current economic climate. JPMorgan Chase reckons European luxury labels' bags now cost 5-10 times those from Coach, up from 2-3 times 15 years ago.
Tapestry has struggled to turn around Kate Spade, and sold Stuart Weitzman, a shoe brand, amid flagging sales. In 2024 it was blocked by trustbusters from merging with Capri, a rival American luxury group.
Yet creeds mean very little, Coth answered the dark god, still speaking almost gently. The optimist proclaims that we live in the best of all possible worlds; and the pessimist fears this is true.