Here are 1-2 brief analogies for Tapestry (TPR):

• Like a smaller, more accessible luxury version of **LVMH (Louis Vuitton Moët Hennessy)**, managing well-known fashion brands like Coach and Kate Spade.
• Essentially, the **Estée Lauder or L'Oréal** of premium fashion accessories, owning popular brands like Coach and Kate Spade.

• Handbags and Leather Goods: A wide range of luxury handbags, wallets, and small leather accessories.
• Footwear: Designer shoes, including boots, heels, sandals, and flats.
• Apparel: Ready-to-wear clothing collections.
• Other Fashion Accessories: Various items like jewelry, watches, eyewear, and scarves.

Tapestry (TPR) Major Customers

Tapestry, Inc. is a global house of brands including Coach, Kate Spade New York, and Stuart Weitzman. The company primarily sells its products directly to individual consumers through its extensive network of retail stores (full-price and outlet), e-commerce websites, and also through wholesale channels (department stores, specialty retailers) where the ultimate end-user is still an individual.

Given that the majority of Tapestry's sales are direct-to-consumer, the company primarily serves individuals. Its customers can be categorized as follows:

• Accessible Luxury and Contemporary Style Seekers: These customers value quality craftsmanship, established brand recognition, and stylish, functional designs at an attainable luxury price point. They are looking for versatile products that can be used daily and for special occasions, often seeking classic pieces with a modern sensibility. (Primarily targeted by Coach, and to some extent, Kate Spade).
• Playful, Feminine, and Expressive Fashion Consumers: This category includes individuals who are drawn to vibrant colors, unique prints, and whimsical designs. They use accessories as a form of self-expression and appreciate a youthful, optimistic aesthetic that stands out. (Primarily targeted by Kate Spade New York).
• Premium Footwear and Sophisticated Design Enthusiasts: These customers prioritize exceptional quality, luxurious materials, and elegant, comfortable designs in their footwear. They seek high-end shoes for various occasions, valuing both style and durability. (Primarily targeted by Stuart Weitzman).

Joanne Crevoiserat, Chief Executive Officer
Joanne Crevoiserat was appointed Chief Executive Officer of Tapestry in October 2020, after serving as interim CEO since July 2020 and Chief Financial Officer since August 2019. Prior to joining Tapestry, she was Executive Vice President and Chief Operating Officer at Abercrombie & Fitch Co. from 2017 to 2019, and held the CFO role at Abercrombie & Fitch starting in 2014. Her extensive career in retail spans over 30 years, including senior management and finance positions at Kohl's Inc., Wal-Mart Stores, and May Department Stores, where she notably served as Chief Financial Officer for the Filene's, Foley's, and Famous-Barr brands. Ms. Crevoiserat is also a board member of General Motors Co.

Scott Roe, Chief Financial Officer & Chief Operating Officer
Scott Roe joined Tapestry as Chief Financial Officer in June 2021 and was appointed Chief Financial Officer and Chief Operating Officer in August 2022. He brings over 25 years of experience in consumer, retail, and apparel businesses, with significant expertise in developing global multi-brand platforms. Before Tapestry, Mr. Roe had a 25-year career at VF Corporation, where he served as Chief Financial Officer starting in April 2015. Earlier in his career, he held positions at Ernst & Young LLP, Lafarge Building Materials, Inc., and Alumax, Inc., an integrated aluminum company that was later acquired by Arconic, Inc. In the early 1990s, he co-founded a paper recycling business that was subsequently sold to cover debt.

Todd Kahn, Chief Executive Officer & Brand President, Coach
Todd Kahn leads the Coach brand's vision and is responsible for the global creation and execution of all brand strategies. He served as Chief Administrative Officer at Kate Spade & Company starting in July 2017. Mr. Kahn joined Coach as Senior Vice President, General Counsel and Secretary in January 2008, and prior to that, was President and Chief Operating Officer of Calypso Christian Celle from July to September 2007.

Eva Erdmann, Chief Executive Officer & Brand President, Kate Spade
Eva Erdmann serves as the Chief Executive Officer and Brand President of Kate Spade.

Peter Charles, Chief Supply Chain Officer
Peter Charles holds the position of Chief Supply Chain Officer at Tapestry, overseeing the company's global supply chain operations.

The accelerating growth and mainstream adoption of luxury resale platforms (e.g., The RealReal, Vestiaire Collective, Fashionphile) represent a clear emerging threat. These platforms offer consumers access to pre-owned luxury goods at discounted prices, provide a sustainable alternative to new purchases, and facilitate a circular economy for fashion. This trend directly challenges Tapestry's traditional business model, which relies on the sale of new, full-price luxury items, potentially impacting brand exclusivity, pricing power, and consumer demand for new collections.

Tapestry (symbol: TPR) operates primarily in the luxury accessories, footwear, and apparel markets through its brands Coach and Kate Spade. Stuart Weitzman, another brand previously under Tapestry, was acquired by Caleres in August 2025.

The addressable markets for Tapestry's main products are sized as follows:

• Luxury Handbags: The global luxury handbags market was valued at approximately USD 33.79 billion in 2024 and is projected to reach USD 60.42 billion by 2034. In 2024, Europe led this market with a 36% share.
• Luxury Footwear: The global luxury footwear market size was calculated at USD 38.66 billion in 2024 and is estimated to reach around USD 76.34 billion by 2034. North America dominated the luxury footwear market with the largest market share of 29.06% in 2024.
• Luxury Apparel: The global luxury apparel market size was valued at USD 103.08 billion in 2024 and is projected to grow to USD 169.32 billion by 2032. The Asia Pacific region dominated the luxury apparel market with a 40.1% revenue share in 2023.
• Luxury Apparel and Accessories (combined): The global luxury apparel and accessories market was valued at USD 179.45 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 10.2% to reach a value of USD 334.4 billion by 2030. This broader category encompasses items such as small leather goods, jewelry, and eyewear offered by Tapestry's brands.

Tapestry (symbol: TPR) anticipates several key drivers to fuel its revenue growth over the next two to three years, as outlined in its "Amplify" growth strategy and recent financial guidance:

1. Global Geographic Expansion: Tapestry plans to accelerate momentum in international markets, with a particular focus on driving growth in Greater China and Europe. The company also aims to capitalize on opportunities in under-penetrated geographies such as Southeast Asia, while sustaining growth in North America.
2. Brand Building and Product Innovation: The company intends to drive sustained growth for its core brands, with Coach expected to maintain a mid-single-digit three-year revenue Compound Annual Growth Rate (CAGR). Efforts are also focused on returning Kate Spade to profitable growth by 2027. This includes fueling fashion innovation, focusing on core handbags and small leather goods, and expanding into footwear and other lifestyle categories.
3. Customer Acquisition and Engagement, with a focus on Gen Z: Tapestry aims to build lasting customer relationships and increase customer lifetime value through enhanced acquisition, retention, and reactivation strategies. A significant focus is placed on building emotional connections with consumers, particularly targeting Gen Z as they enter the market.
4. Omni-channel and Direct-to-Consumer (DTC) Growth: Tapestry is committed to extending its omni-channel leadership to engage customers across all purchasing points, delivering growth both online and in physical stores. The company is increasingly emphasizing direct-to-consumer channels to enhance brand control, improve customer relationships, and achieve higher profit margins.