As fashion companies have grown to embrace a broader purpose, they’ve had to balance social and environmental goals with the profit imperative that drives corporate America. But for Scott Roe, chief operating and chief financial officer at Coach parent Tapestry Inc., it’s a useful balance — one that both pushes the company to contribute to … Read more
David Pastrnak took part in the Bruins’ morning skate in Winnipeg on Tuesday and coach Joe Sacco confirmed that the tam’s leading point man will be in the lineup when the B’s take on the Jets at 8 pm. Pastrnak was held out of practice on Monday with what Sacco said was an upper body … Read more
LONDON — Since he joined as chief executive officer in July, Joshua Schulman hasn’t wasted a minute in his effort to turn around Burberry, which has been hit by a double whammy of slowing luxury demand and past strategies that drove the brand into territory that was too niche, too fashion and too expensive. In … Read more
The Federal Trade Commission succeeded in its effort to hit pause on Tapestry Inc.’s $8.5 billion acquisition of Capri Holdings with a preliminary injunction — likely sinking the mega acquisition. The reaction was immediate and sharp. Shares of Capri dropped 47.1 percent to $22 in after-hours trading — a world away from the $57 buyout … Read more
Coach has tapped “The Summer I Turned Pretty” actress Lola Tung to be the face of its new Alter/Ego collection. The line of purses is made from leather scraps left over from the creation of other bags such as the Tabby, Hampton and Brooklyn, and is part of the brand’s Coachtopia circular collection. Tung stars … Read more
Coach, the global lifestyle brand led by creative director Stuart Vevers, will be the recipient of the third annual Innovation Award presented by Amazon Fashion at the 2024 CFDA Fashion Awards. The Amazon Fashion Innovation Award recognizes a fashion visionary leading with technology and innovation in branding, marketing, customer engagement or product development, and shaping … Read more
The future of Tapestry’s Inc. $8.5 billion deal to buy Capri Holdings now rests in the hands of federal Judge Jennifer Rochon — and after closing arguments on Monday afternoon, investors are feeling more bullish. Shares of Capri closed up 7.5 percent to $42.43 having gained momentum as the hearing progressed and Rochon narrowed in … Read more
With the launch of TikTok Shop last year paving the way to sales growth for many brands, the platform’s click-to-buy feature isn’t for every brand. Instead, many of the top-performing, or “most popular,” fashion brands are looking to engage a new audience, including the coveted Gen Z, with this new era of marketing. Here, WWD … Read more
The Federal Trade Commission sued to stop Tapestry Inc.’s $8.5 billion deal to buy Capri Holdings, in large part on the grounds that putting Coach, Kate Spade and Michael Kors all under one roof would be bad for American consumers. On Wednesday, the federal court hearing for a preliminary injunction that’s expected to determine whether … Read more
Fashion likes its fights — and when big brands, big money and big personalities come together, the brawls can spill over into the courthouse in spectacular fashion. Many of the industry’s most important court cases have revolved around intellectual property and the brands that power businesses, but that could be changing with new legal territory … Read more
