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 $38.90 in NY, the biggest intraday drop in more than three weeks. Coach bought Kate Spade earlier this year and shoemaker Stuart Weitzman in 2015 to grow into a broader lifestyle company.
Indeed, social media users have not been too happy about this change, after 76 years as an industry leader.
"$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.
The venison (that's deer meat, by the way) is marinated in garlic, salt, and pepper, then cooked for three hours until juicy. Well, on October 21, those who have been pining for a fast food deer meat option will want to make a break for Arby's.
Ghana stands the chance of qualifying from Group A as second placed team or finish as a best third placed country. De Matos said his boys are determined to fight it out for a win and do even better than against Colombia.
However, it has been made mandatory to have a human driver behind the wheel at all times in case something goes wrong. It's this that the newly proposed driverless testing and deployment regulations addresses.
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".
New songs, videos, and photos will be added each week for those who download the app, available in the app store later this year. While there is no exact release date yet set for " The Swift Life ", it can be expected in beta form before the end of 2017.
Rodgers-Cromartie has been one of the Giants' key defensive players, missing just two games since he arrived in NY . Apple vented to reporters after the loss to the Chargers about "the whole culture" of the Giants.
Champion said he believed Tellis suffocated Chambers and "thought he had killed her", but realized the woman was still alive. The prosecution is preparing to call more than 40 possible witnesses in the case, according to court records.
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.
A White House official described Nielsen as on the "inside track" for the job, adding that the president is "very fond" of her. Bush and launched the Offices of Legislative Policy and Government Affairs at the Transportation Security Administration.
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.
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.
Man dressed as shark arrested under burka ban in Austria
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.
Motorola Moto Z2 Play Lands On Vodafone
The original price of Moto E4 smartphone is Rs.8,999 but under the Diwali Offer it can be purchased in Rs.8,199 only. It has to be noted that the Moto Diwali special offer is valid only when you buy the devices from offline stores.
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.
Featured Stock Overview: Repros Therapeutics Inc. (RPRX)
The stock is now moving above its 20-Day Simple Moving Average of 67.85% with a 50-Day Simple Moving Average of 68.6 percent. In current trading day Gulfport Energy Corporation (GPOR ) stock confirmed the flow of 0.76% with the final price of $14.49.
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.