Tapestry, Inc.

Tapestry, Inc.

Tapestry, Inc.

Overview
Date Founded

2000

Headquarters

10 HUDSON YARDS, 19TH FLOOR, NEW YORK, NY, 10001

Type of Company

Public

Employees (Worldwide)

21K

Industries

Retail: Apparel & Footwear
Luxury & Specialty Goods

Company Description

Coach was founded in 1941 as a family-run workshop. In a Manhattan loft, six artisans handcrafted a collection of leather goods using skills handed down from generation to generation. Discerning consumers soon began to seek out the quality and unique nature of Coach craftsmanship. Now greatly expanded, Coach continues to maintain the highest standards for materials and workmanship. Coach’s exceptional work force remains committed to carefully upholding the principles of quality and integrity that define the company. We attribute the prominence of the Coach brand to the unique combination of our original American attitude and design, our heritage of fine leather goods and custom fabrics, our superior product quality and durability and our commitment to customer service. During the last decade, Coach has emerged as America's preeminent designer, producer, and marketer of fine accessories and gifts for women and men including handbags, men’s bags, women’s and men’s small leathergoods, weekend and travel accessories, footwear, watches, outerwear, scarves, sunwear, fragrance, fine jewelry and related accessories. Continued development of new categories has further established the signature style and distinctive identity of the Coach brand. Together with our licensing partners, we also offer watches, footwear, eyewear and fragrance bearing the Coach brand name in select department stores and specialty retailer locations.

Contact Data
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Executives & Employees

Chairman & Chief Executive Officer

Chief Executive Officer

President, Chief Administrative Officer & Chief Legal Officer

Chief Financial Officer

Executive Vice President, Chief Financial Officer & Chief Accounting Officer

Chief Financial Officer

Chief Operations Officer

President & Chief Executive Officer-Coach Asia

Chief Information Officer

Chief Digital Officer

Board of Directors

Former President & Chief Operating Officer at Avon Products, Inc.

Executive Vice President, Chief Financial & Accounting Officer at Lowe's Companies, Inc.

Chief Executive Officer at Diageo Plc

Former Vice President of Development & Chief Technology Officer at Blue Nile, Inc.

Chairwoman at Big Sunday

Senior Adviser to Prime Minister at Government of Italy

Chief Executive Officer, Bertelsmann China Corporate Center & Managing Partner of Bertelsmann Asia Investments at Bertelsmann SE & Co. KGaA

Former Chairman & Chief Executive Officer at Tapestry, Inc.

Chief Executive Officer at Tapestry, Inc.

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Tapestry, Inc.
Owners & Shareholders
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NIM is a thematic, team-oriented manager which conducts in-house research to identify themes and trends that influence, or are likely to influence, economies or stock markets globally. They believe that change leads to opportunity' and encourage individual thinking which is crucial to identify the companies that offer the best growth prospects. The firm is a holistic investor which follows global trends and economic developments as they interpret them. Their economists, analysts, portfolio managers and strategists develop and apply themes which are their interpretation of the forces of global change affecting companies. They focus their research on the areas that they believe are most likely to yield the best performing securities. NIM's analysts seek out companies with attractive value and strong fundamentals which may benefit from one or more themes. Constant communication and research prioritization meetings between analysts and other investment professionals underpins the firm's research process, and results in development of their recommended list. Portfolio managers construct equity and fixed-income model portfolios in teams. The interaction between team members ensures a cohesive, consistent approach to stock selection and implementation. Risk is assessed throughout the investment process and a specialist team formally monitors portfolio risk using risk models and other controls.

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Antipodes Partners is an active, principled, pragmatic, value-based manager of global and Asian long only, long-short equities which aims to grow client wealth ahead of the broad market over the investment cycle without subjecting capital to undue levels of risk. They seek to identify great businesses that are undervalued and construct high conviction portfolios.The firm believes risk is best controlled by ensuring that the price paid for a stock includes a margin of safety and that in the long-term, all businesses succumb to changes in the operating environment as described by their Antipodes Capital Lifecycle Model ©.They generate ideas in an eclectic fashion. They employ \"force multipliers\" consisting of quantitative filters (stock, sector and geographic level screening) and qualitative input/signals (corporate and institutional changes) to focus team resources.Antipodes Partners performs fundamental research within a global context, aiming to filter short-term noise with the goal of improving their long-term judgment. They feel that team alignment results in a naturally collaborative culture and seeks to maximize the benefits of peer review without diluting overall team focus by assigning a lead analyst to each major research project, supported by a secondary analyst who acts as a sounding board on the project.The firm seeks to construct resilient portfolios that maximize risk-adjusted returns based on diversified sources of alpha and weighted according to risk/return. They believe that in high conviction portfolios of more than 30 ideas, the benefits of diversification tend to be offset by conviction drift. They use shorts and currency positions to offset unwanted risks and they protect from tail risk and aim to reduce the level of unknown portfolio risk by calculating various factor exposures and stress testing.

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AIG employs both fundamental and quantitative analysis of publicly traded companies and their respective securities. Their objective in providing advisory services to the clients is to generate a consistent, long term appreciation of assets through the active management of an equity-focused portfolio which includes sector specific, market-neutral sub-portfolios together with various complementary equity focused investment strategies. They have flexibility to invest in a wide range of listed and OTC equity, equity linked and credit instruments as well as other asset classes in connection with the fundamental and quantitative strategies that they employ. AIG's approach is equity-focused and it takes both long and short positions in equities and equity derivatives. In addition, the firm invests in convertible bonds as well as credit derivatives, corporate bonds, securitizations, synthetic securitizations, and other credit-based instruments.

Recent Transactions
Details Hidden

Tapestry, Inc. purchases Kate Spade & Co. LLC

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Tapestry, Inc. purchases Stuart Weitzman Holdings LLC from Sycamore Partners Management LP

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Reed Krakoff LLC /Private Group purchases Reed Krakoff LLC from Tapestry, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onTapestry, Inc. purchases Kate Spade & Co. LLC

Auditor

Advised onTapestry, Inc. issued Common Stock

Selling Group Member

Advised onTapestry, Inc. issued Common Stock

Legal Advisor

Advised onTapestry, Inc. purchases Kate Spade & Co. LLC

Legal Advisor

Advised onTapestry, Inc. purchases Kate Spade & Co. LLC

Legal Advisor

Advised onTapestry, Inc. purchases Kate Spade & Co. LLC

Advisors & Consultants
Legal Advisor

Chair, Benefits & Compensation Practice at Latham & Watkins LLP

Legal Advisor

Faculty Member at Practising Law Institute

Legal Advisor

Partner at Latham & Watkins LLP

Clients

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Reliance Industries Ltd. engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. It operates through the following business segments: Refining, Petrochemicals, Oil and Gas, Organised Retail, Digital Services, and Others. The Refining segment includes the production and marketing operations of the petroleum products. The Petrochemicals segment refers to the manufacture and marketing operations of petrochemical products. Oil and Gas segment consists of exploration, development and production of crude oil and natural gas. The Organised Retail segment comprises of organized retail business. The Digital Services segment refers to provision of digital services. The Others segment engages in Media, SEZ development, and textile business. The company was founded by Dhirubhai Hirachand Ambani in 1966 and is headquartered in Mumbai, India.

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories form men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

Key Stats and Financials As of 2019
Market Capitalization
$7.43B
Total Enterprise Value
$9.6B
Earnings Per Share
$2.21
Revenue
$6.03B
Net Profit
$643M
EBITDA
$1.18B
EBITDAMargin
19.52%
Total Debt
$1.6B
Total Equity
$3.51B
Enterprise Value Sales
1.59x
Enterprise Value EBITDAOperating
8.16x
TEVNet Income
14.91x
Debt TEV
0.17x
Three Year Compounded Annual Growth Rate Of Revenue
10.3%
Five Year Compounded Annual Growth Rate Of Revenue
4.63%
Suppliers
Lai Fung Holdings Ltd. Holding Companies

Lai Fung Holdings Ltd. is an investment company. The firm engages in the property development for sale and property investment for rental purposes. It operates through the Property Development and Property Investment segments. The Property Development segment engages in the development of properties in mainland China for sale. The Property Investment segment invests in serviced apartments and commercial and office buildings in mainland China for rental income. The company was founded on November 17, 1993 and is headquartered in Hong Kong.

Las Vegas Sands Corp. Recreation & Leisure | Las Vegas, Nevada

Las Vegas Sands is the pre-eminent developer and operator of world-class Integrated Resorts that feature luxury hotels, best-in-class gaming, retail, dining and entertainment, Meetings, Incentive, Convention and Exhibition (MICE) facilities, and many other business and leisure amenities. They pioneered the MICE-driven Integrated Resort, a unique, industry leading and extremely successful product that serves both the business and leisure tourism markets.

Tanger Factory Outlet Centers Inc. Trusts & Funds | Greensboro, NC

Tanger Factory Outlet Centers, Inc. is a fully-integrated, self-administered and self-managed real estate investment trust. It focuses on developing, acquiring, owning, operating and managing outlet shopping centers. The company was founded by Stanley K. Tanger in 1981 and is headquartered in Greensboro, NC.

Competitors
LVMH Apparel & Footwear - Paris, IF

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories form men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

L Brands, Inc. Retail: Apparel & Footwear - Columbus, OH

L Brands, Inc. engages in the retail business. It is focused on women's intimate and other apparel, personal care and beauty categories. It operates its business through the following segments: Victorias Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. Its brands include Victorias Secret, Bath and Body Works, Pink, La Senza, and Henri Bendel. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.

Ralph Lauren Corp. Wholesale: Consumer Non-Durables/Sundries - New York, New York

Ralph Lauren Corporation (NYSE: RL) is a leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances. For more than 45 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Polo by Ralph Lauren, Ralph Lauren Purple Label, Ralph Lauren Collection, Black Label, Blue Label, Lauren by Ralph Lauren, RRL, RLX, Ralph Lauren Childrenswear, Denim & Supply Ralph Lauren, Chaps and Club Monaco, constitute one of the world's most widely recognized families of consumer brands.

Awards & Honors
Rank #575
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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