Tapestry Inc. news and archive

Tapestry exceeds expectations in fourth quarter despite high losses

The US fashion group Tapestry Inc. slipped deep into the red in the fourth quarter of the 2024/25 financial year due to negative one-off effects. Overall, the results, which the company published on Thursday, exceeded market expectations. In the final quarter, which ended on June 28, group revenue amounted to 1.72 billion dollars. This...

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Business

Coach-parent Tapestry posts loss for Q4 and full year

Net sales at Coach-parent Tapestry Inc totalled 715 million dollars for the fourth quarter compared to 1.51 billion dollars in the prior year. The company said in a statement that gross profit totalled 499 million dollars on a reported basis, while gross margin for the quarter was 69.8 percent compared to 999 million dollars and 66 percent,...

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People

Honouring & Remembering the late Kate Valentine Spade

Wealth and success do not always guarantee a lifetime of happiness within the fashion industry, as the sudden passing of legendary designer Kate Valentine, better known as Kate Spade, sadly highlighted. The fashion entrepreneur was found dead in her New York City apartment on Tuesday morning after committing suicide. She was 55 and is succeeded...