Strong Demand for Coach Brand Leads Tapestry to Raise Financial Outlook

Strong Demand for Coach Brand Leads Tapestry to Raise Financial Outlook
2 months ago

In a significant update from Tapestry Inc., the parent company of renowned fashion brands including Coach, the firm has revised its financial outlook upward due to robust sales performance. The announcement, made on November 7, 2024, highlights the increasing consumer demand, particularly for its flagship Coach brand, which has shown impressive growth in the recent quarter.

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Federal Judge Prevents Tapestry's Acquisition of Capri in Major FTC Victory

Federal Judge Prevents Tapestry's Acquisition of Capri in Major FTC Victory
2 months ago

In a significant legal development affecting the fashion industry, a federal judge has blocked Tapestry's proposed acquisition of Capri Holdings, a move that has been hailed as a triumph for the Federal Trade Commission (FTC). Tapestry, the parent company of luxury brands like Coach and Kate Spade, had sought to acquire Capri, which owns labels including Versace, Michael Kors, and Jimmy Choo, in a deal valued at approximately $8 billion.

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