Tapestry, Inc. was founded in 1941 as a small leather goods and accessories company in New York City. The company grew rapidly and became a major player in the American handbag market in the 1960s and 1970s. Under the leadership of Lew Frankfort, who served as CEO from 1995 to 2013, the company expanded globally and diversified its product lines. In 2013, Victor Luis became CEO and led the company through a rebranding and restructuring process that culminated in the name change to Tapestry, Inc.
Tapestry, Inc. operates three iconic brands: Coach, Kate Spade, and Stuart Weitzman. Coach is the largest and most well-known brand, with a focus on leather goods and accessories. The brand is known for its signature Coach logo, as well as its high-quality craftsmanship and timeless designs. Kate Spade is a women’s lifestyle brand that offers clothing, jewelry, accessories, and home goods. The brand is known for its playful and colorful designs that appeal to women of all ages. Stuart Weitzman is a luxury shoe brand that specializes in designer boots, sandals, and sneakers. The brand is known for its innovative designs and attention to detail.
Tapestry, Inc. has a strong omnichannel strategy that includes both brick-and-mortar stores and e-commerce platforms. The company operates over 1,500 stores worldwide, including flagship stores in major cities such as New York, London, and Tokyo. Tapestry, Inc. has also invested heavily in its e-commerce platforms, offering customers the ability to shop online from anywhere in the world. The company’s e-commerce sales have grown rapidly in recent years, accounting for a significant portion of its overall revenue.
Tapestry, Inc. is committed to sustainability and social responsibility. The company has set ambitious goals to reduce its environmental footprint, including a commitment to use 100% renewable energy in its stores and offices by 2025. The company has also made a commitment to use sustainable materials in its products, and has partnered with several organizations to improve the sustainability of its supply chain. In addition, Tapestry, Inc. is committed to promoting diversity and inclusion within its workforce and is working to increase the representation of underrepresented groups in leadership positions.
In conclusion, Tapestry, Inc. is a global luxury fashion company that operates several premium brands such as Coach, Kate Spade, and Stuart Weitzman. The company has a strong global presence with operations in North America, Europe, and Asia. Tapestry, Inc. has a strong omnichannel strategy that includes both brick-and-mortar stores and e-commerce platforms. The company is committed to sustainability and social responsibility, and has set ambitious goals to reduce its environmental footprint and promote diversity and inclusion.