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Tapestry Inc - TPR STOCK NEWS

Welcome to our dedicated page for Tapestry news (Ticker: TPR), a resource for investors and traders seeking the latest updates and insights on Tapestry stock.

About Tapestry Inc

Tapestry Inc (symbol: TPR) is a diversified global house of brands that unites some of the most recognizable names in fashion and luxury accessories. With an emphasis on accessible luxury, the company seamlessly integrates heritage and modernity, delivering products that combine artisanal craftsmanship with innovative design. Tapestry navigates the complex terrain of fashion retail by offering a distinctive blend of durability, style, and emotional appeal, making them a significant presence in the competitive apparel and accessories industry.

Brands Portfolio and Core Business

The conglomerate is anchored by three flagship brands, each with its own unique identity and market appeal:

  • Coach: Renowned for its affordable luxury leather goods, Coach serves as the major revenue engine with an extensive range of handbags, accessories, and innovative product lines that cater to a broad clientele seeking quality and style.
  • Kate Spade New York: Known for its vibrant aesthetics and playful graphics, Kate Spade provides a fresh take on women's handbags and accessories, infusing creativity and spirited design into everyday luxury.
  • Stuart Weitzman: This brand specializes in exquisite women's footwear, delivering luxury that aligns with both classic sensibilities and contemporary fashion trends.

Operational Model and Market Presence

Tapestry Inc has established a robust operational model that integrates multiple sales channels including company-operated stores, wholesale platforms, and a rapidly expanding e-commerce segment. Its international footprint spans major markets in North America, Europe, Asia, and other regions, enabling a global reach that is both versatile and resilient. The company’s ability to manage varied distribution channels underscores its adaptability and proficiency in meeting diverse consumer demands and market conditions.

Sustainable Practices and Circular Economy Initiatives

Innovation at Tapestry Inc is not limited to design alone; the company is deeply committed to sustainable operations and responsible business practices. Through initiatives such as product restoration programs and waste diversion strategies, the firm showcases its commitment to a circular economy. Programs like the (Re)Loved series are testament to the company’s drive to extend product lifecycles while reducing waste, thereby reflecting both environmental responsibility and creative reinvention.

Creative Design and Market Positioning

At the core of Tapestry Inc’s success is its ability to foster creativity that stems from diverse perspectives. By intertwining heritage, innovation, and functional design, Tapestry has created a brand culture that respects tradition while embracing modern trends. This approach not only appeals to a wide spectrum of consumers but also positions the company as an authoritative voice in the dynamic field of fashion retail. Each brand under the Tapestry umbrella benefits from a legacy of creative autonomy and strategic collaboration, ensuring that every collection resonates with both timeless elegance and the contemporary zeitgeist.

Expertise and Industry Significance

Demonstrating deep industry expertise and high standards in craftsmanship, Tapestry Inc is recognized for its attention to quality in every material and process involved in production. This meticulous approach reinforces the company's reputation for reliability and trustworthiness within the luxury apparel market. Investors and industry analysts appreciate the transparent integration of design, sustainability, and global outreach in the Tapestry business model, which is presented with clarity and precision in its evergreen narrative.

Conclusion

In summary, Tapestry Inc represents a confluence of art, innovation, and sustainability within the high-stakes realm of fashion. Their illustrious brands not only capture the spirit of accessible luxury but also embody a forward-thinking strategy that harmonizes traditional craftsmanship with modern retail practices. This blend of creative expression and operational rigor makes Tapestry Inc a compelling study in how heritage and innovation can coexist to create enduring value in the global market.

Rhea-AI Summary

Tapestry (NYSE: TPR), owner of Coach, Kate Spade, and Stuart Weitzman brands, has announced a public offering of senior unsecured notes. The company plans to use the proceeds, along with available cash, to repay outstanding term loan debt and revolving credit facility borrowings that were previously used for share repurchases under accelerated share repurchase agreements. BofA Securities, Morgan Stanley, and J.P. Morgan are serving as joint lead book-running managers for the offering.

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Tapestry (NYSE: TPR) has announced $2.0 billion Accelerated Share Repurchase (ASR) agreements with Bank of America and Morgan Stanley. The company will receive an initial delivery of 28.4 million shares on November 26, 2024, representing about 80% of expected shares. The ASR is funded through a $750 million term loan, $1.0 billion from revolving credit, and $250 million cash. Tapestry expects to return over 100% of free cash flow to shareholders in Fiscal 2025 through dividends and repurchases. The final settlement is expected by Q1 Fiscal 2026. An additional $800 million remains available for future repurchases.

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Tapestry (NYSE: TPR) and Capri Holdings have mutually agreed to terminate their merger agreement, citing uncertainty in the legal process and unlikely resolution by February 2025. In response, Tapestry announced a new $2 billion share repurchase authorization, including a planned Accelerated Share Repurchase program. The company will maintain its annual dividend rate of $1.40 per share in Fiscal 2025 and redeem $6.1 billion in acquisition-related senior notes. Tapestry agreed to reimburse Capri's transaction expenses of approximately $45 million. The company reaffirmed its Fiscal 2025 outlook and emphasized its commitment to organic growth and shareholder value creation.

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Tapestry Inc. (NYSE: TPR) reported strong fiscal 2025 first quarter results, outperforming expectations with revenue of $1.51 billion, in line with the previous year. The company achieved record non-GAAP diluted EPS of $1.02 and a significant gross margin expansion of 280 basis points. Coach brand showed growth while Kate Spade saw a 7% decline. The company demonstrated strong international performance, particularly in Europe (+27%), despite a slight decrease in APAC (-2%). Based on these results, Tapestry raised its fiscal 2025 outlook, now expecting revenue over $6.75 billion and EPS of $4.50 to $4.55.

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Coach's SVP of Global Marketing and Sustainability, Joon Silverstein, delivered a TED Talk about Coachtopia's innovative approach to waste management in fashion. The talk focused on how Coachtopia, launched in 2023, aims to advance a circular fashion system through their Made Circular™ principles. Using the Alter/Ego collection as an example, Silverstein discussed their journey toward circularity, emphasizing progress over perfection. The initiative focuses on lowering carbon footprints compared to conventional manufacturing methods and collaborating with industry partners to eliminate waste and reduce emissions across their supply chain.

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kate spade new york and The Boris Lawrence Henson Foundation (BLHF) announced the expansion of their SheCare Wellness Pods program to Bennett College in Greensboro, North Carolina. This marks the third installation following successful launches at Alabama State University and Hampton University in 2023. The new pod, opened on October 22, 2024, will uniquely serve both Bennett College students and neighboring North Carolina A&T State University students, as well as local women's community groups. The location was chosen following student protests demanding improved mental health services. The pod features a custom mural by local artist Alyse Watt and Bennett College students, designed to promote wellness and women's strength.

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Tapestry highlights employee development through the story of Samantha Lanzerotti, Senior Regional Visual Manager at kate spade new york. During her 11-year tenure, Lanzerotti has expanded her role and explored different business areas. The company emphasizes its commitment to talent development and providing equal growth opportunities across the enterprise, encouraging employees to explore roles beyond their current functions.

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Sandeep Seth, Chief Marketing Officer of Coach and Chief Growth Officer of Tapestry, has been recognized in the Campaign US CMO 50. Seth earned this distinction for his consumer-centric approach and success in developing purpose-led marketing strategies that effectively engage Gen Z consumers. His recognition highlights his expertise in global brand-building and innovative marketing approaches that have strengthened Tapestry's brand positioning.

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Tapestry (NYSE: TPR) has responded to a U.S. District Court ruling that granted the FTC's request for a preliminary injunction regarding its proposed acquisition of Capri Holdings (NYSE: CPRI). The company expressed disappointment with the decision, stating it believes the ruling is incorrect on both legal and factual grounds. Tapestry, which owns Coach, kate spade new york, and Stuart Weitzman brands, argues that the industry is highly competitive, dynamic, and fragmented. The company has announced its intention to appeal the decision in accordance with the merger agreement terms.

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Tapestry (NYSE: TPR) has scheduled its fiscal 2025 first quarter earnings conference call for Thursday, November 7, 2024, at 8:00 a.m. ET. The company will release its financial results via press release earlier that morning.

Investors can access the call by dialing 1-866-847-4217 or 1-203-518-9845 with Conference ID 4306173, or listen to the audio webcast on the company's investor relations website. A telephone replay will be available for five business days starting at 12:00 noon ET on November 7th.

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FAQ

What is the current stock price of Tapestry (TPR)?

The current stock price of Tapestry (TPR) is $62.94 as of April 4, 2025.

What is the market cap of Tapestry (TPR)?

The market cap of Tapestry (TPR) is approximately 12.9B.

What is Tapestry Inc's core business?

Tapestry Inc operates as a global house of brands focused on delivering accessible luxury through its portfolio, which includes Coach, Kate Spade, and Stuart Weitzman. Its core business revolves around fashion retail and accessories.

Which brands are part of Tapestry Inc?

The company encompasses iconic brands such as Coach, known for luxury leather goods; Kate Spade New York, celebrated for vibrant and playful design; and Stuart Weitzman, specializing in women's luxury footwear.

How does Tapestry Inc generate revenue?

Revenue is generated via multiple channels including company-operated stores, wholesale distribution, and e-commerce platforms. This diversified approach allows the company to reach a global market.

What is unique about Tapestry Inc's operational model?

Tapestry Inc combines a multi-channel distribution network with an emphasis on sustainable growth and quality craftsmanship. This integration of retail and digital channels enhances its resilience and market presence.

How does Tapestry Inc incorporate sustainability into its operations?

Sustainability is integral to Tapestry Inc’s strategy, evident in programs like product restoration and waste reduction initiatives that embody a circular economy. These efforts extend product lifecycles and minimize waste.

What distinguishes Tapestry Inc within the competitive fashion industry?

Tapestry stands out by merging heritage with modern innovation. Its emphasis on creative design, high standards of craftsmanship, and versatile market channels ensures a distinct position in accessible luxury and fashion retail.

How does Tapestry Inc support its brand diversity?

The company nurtures diverse brand identities by fostering creativity and collaboration across its portfolio. This approach enables each brand to maintain its unique voice while contributing to a unified corporate vision.
Tapestry Inc

NYSE:TPR

TPR Rankings

TPR Stock Data

12.90B
206.28M
0.38%
108.75%
10.07%
Luxury Goods
Leather & Leather Products
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United States
NEW YORK