Its Coach brand, incorporating handbags, womenswear and menswear lines, will remain unchanged.
"We are now at a defining moment in our corporate reinvention, having evolved from a mono-brand specialty retailer to a true house of emotional, desirable brands", Luis said in a company release.
Tapestry is "a wonderful metaphor for what we believe in, which is individual threads of different colors all working together to create a picture", company CEO Victor Luis said in a statement. Coach shares fell as much as 2.8 percent to $38.90 in NY, the biggest intraday drop in more than three weeks. Coach bought Kate Spade earlier this year and shoemaker Stuart Weitzman in 2015 to grow into a broader lifestyle company.
Indeed, social media users have not been too happy about this change, after 76 years as an industry leader.
"This is freaky & a strategy departure".
Western Digital Corporation (NASDAQ:WDC) Undervalued by 1.2%
As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. The investment professionals in our partner's database now hold: 233.59 million shares, up from 231.11 million shares in 2017Q1.
Traders Buy Shares of Amazon.com, Inc. (AMZN) on Weakness
Meritage Mgmt holds 1.67% of its portfolio in Amazon.com, Inc. ( AMZN ) Stock Higher?" with publication date: "October 11, 2017. Analysts have a consensus recommendation of 1.80 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
K2M Group Holdings, Inc. (NASDAQ:KTWO) Under Analyst Spotlight
Schroder Investment Management Group increased its position in shares of K2M Group Holdings by 1.6% during the second quarter. TimesSquare Capital Management LLC increased its position in shares of K2M Group Holdings by 31.5% during the second quarter.
"$COH changing its name to "Tapestry" is a frightful branding idea".
Coach Inc. will also change its ticker symbol on the New York Stock Exchange from "COH", to "TPR". "Fire the executive who proposed the change", J Christian Bernabe, a nonprofit digital content director, tweeted.
Founded in a loft in Manhattan in 1941, Coach has grown into a multi-billion dollar company, building its business on the success of its Coach handbags that for many years were widely coveted by wealthy women shoppers around the world.
Another Twitter user, SpecialK, posted: "Coach is changing its name to a popular Carole King album & a awful name for a leather bag maker!"
In recent years, Coach has lost its shine and title as a luxury brand due to the over saturation of their bags in outlet malls and shops.
FIFA has banned the Pakistan Football Federation (PFF) with immediate effect on account of "undue 3rd-party interference". The row between the two organisations has plunged Pakistani football into chaos and ended up in the legal courts.
It appears that the mobile headset will be a similar experience to the Gear VR, allowing users to spin around but not move freely. Well Oculus Connect 4 has started with a bang, with Mark Zuckerberg making some major announcements straight off the bat.
But the Chancellor failed to confirm reports that next month's Autumn budget will not include funds for a no-deal Brexit . She was cheered by Brexit-backing MPs as she said: "Where money needs to be spent, it will be spent".
Despite this the law does cover a number of face coverings including party masks, ski masks and surgical masks worn on the street. Police issued a misdemeanor citation to the man along with a fine, which can be nearly as high as $180.
For now, Disney fans can still look forward to Ralph Breaks the Internet: Wreck-It Ralph 2 in 2018 and Frozen 2 in 2019. However, the film only pulled in $330 million globally, the lowest total revenue for a Pixar title thus far.
It dropped, as 113 investors sold ESRX shares while 436 reduced holdings. 75 funds opened positions while 234 raised stakes. Bank of Hawaii's holdings in Express Scripts Holding were worth $575,000 at the end of the most recent reporting period.
If you're noticing some error messages or sluggish loading speeds on Instagram or Facebook this morning, you're not the only one. Facebook confirmed the outage, saying: "We're aware that some people are now having trouble accessing Facebook and Instagram".
During his current trip in Europe, Apple's Tim Cook sat down with The Independent for a wide-ranging interview. By putting it on iPhone, Apple was able to "instantly overnight become the largest AR platform", Cook says.
Paddock fired more than 1,000 bullets and had more than 1,000 rounds left in his room, the undersheriff said. He and Campos also directed police to where the shooting was happening after they responded, he said.
Prior to the photo shoot, Cooper and Griffin had hosted the New Year's Eve special together for nine years, beginning in 2007. Donald and Melania Trump lambasted her for the photo. "It is clearly disgusting and completely inappropriate".
After $1.48 actual EPS reported by Copa Holdings, S.A. for the previous quarter, Wall Street now forecasts 56.08% EPS growth. This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.
Iridium payload released from Falcon 9 rocket in orbit
The first stage of this Falcon 9 rocket was flown on February 19 to send cargo to the International Space Station. Today's launch is for EchoStar and SES, a satellite with a dual objective for both of these clients.
Applied Materials, Inc. (NASDAQ:AMAT) Undervalued by 1.2%
The average Wall Street analyst rating for Applied Materials, Inc .is Strong Buy, according to the average of 14 analyst scores. The High Revenue estimate is predicted as 4.06 Million, while the Low Revenue Estimate prediction stands at 3.92 Million.