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Coronavirus impacting Tapestry business in China

The owner of Coach, Kate Spade and Stuart Weitzman brands has reported net sales of US$1.82 billion for its fiscal second quarter 2020, up from US$1.80 billion in the corresponding quarter of the prior year, a 1% increase on both reported and constant currency basis.


Coach to buy Stuart Weitzman for US$574 million

High-end leather goods and footwear company, Coach will buy women's luxury footwear company Stuart Weitzman Holdings, as it looks to expand its high-end offerings to better compete with rivals such as Michael Kors Holdings and Kate Spade & Co.

Coach, known for its Poppy handbags, said it would buy Stuart Weitzman from private equity firm Sycamore Partners in a deal valued at up to $574 million.