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After calling off merger, Coach parent Tapestry's holiday sales soar

Feb 06, 2025
There is a company called Tapestry, and their shares went up a lot because they had good sales during the holidays. They make things like Coach purses. The company also raised their forecast for how much money they will make this year. They were going to join with another company, but that did not happen. Coach is doing the best out of all the brands they own. Kate Spade and Stuart Weitzman are not doing as well. Tapestry's sales are better than the other company they were going to join with. They think it is because they are bringing new and cool things to customers. Tapestry is focusing on making sure Coach keeps growing and Kate Spade gets better. They are also looking to get more customers in Europe and China. Some of the best-selling things for Tapestry are the Tabby shoulder bag and the New York collection of bags. The new CEO of Kate Spade plans to make fewer types of handbags and focus on making them really good without discounts. Tapestry wants to make sure Kate Spade's brand is strong and can grow all around the world. Tapestry made a lot of money in Europe and North America and some in China. But sales in Japan went down. They are getting new customers, especially young people. They have big plans to keep growing and making good things for customers.

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