Coach New York

{{Short description|American fashion house}} {{Infobox company | name = Coach IP Holdings LLC | logo = frameless|class=skin-invert | logo_upright = 0.8 | logo_alt = Coach New York logo | image = Coach House - NYC (48155637632).jpg | image_upright = 1.0 | image_alt = Coach New York store on Fifth Avenue | image_caption = Coach flagship store on Fifth Avenue, Manhattan | type = Subsidiary | founders = Lillian Cahn Miles Cahn<ref>{{cite web|url=http://www.vogue.co.uk/news/2013/03/11/coach-founder-lillian-cahn-dies-aged-89 |last=Karmali |first=Sarah |title=Coach Co-Founder Lillian Cahn Dies |website=Vogue News |date=March 11, 2013 }}</ref> | area_served = Worldwide | key_people = Todd Kahn (CEO) Stuart Vevers (creative director)<ref name="Stuart Vevers Ready to Unveil First Coach Collection">{{cite web | url=http://www.wwd.com/fashion-news/designer-luxury/vevers-ready-to-unveil-first-coach-collection-7407026?src=n/newsAlert/20140204-3 | title=Stuart Vevers Ready to Unveil First Coach Collection | publisher=WWD | date=4 February 2014 | access-date=4 February 2014 | author=Karimzadeh, Marc}}</ref> | industry = Fashion | products = {{flatlist| *Handbags *fashion accessories *ready-to-wear *eyewear *fragrances}} | parent = Tapestry, Inc. | website = {{url|https://www.coach.com/}} | footnotes = | founded = {{start date and age|1941}}, in New York City, U.S. | location = 516 W 34th St, New York, NY 10001 USA {{coord| 40.75481|-74.00012|display=title,inline}} | num_locations = 986 stores<ref>Smith, Craig (2019-02-02). "[https://expandedramblings.com/index.php/coach-statistics-facts/ Interesting Coach Statistics and Facts]". DMR. Retrieved November 26, 2020.</ref> }} [[File:Coach New Logo.svg|thumbnail|right|Coach modern-style logo with signature cartouche]] thumbnail|right|Coach's logo found on their products

'''Coach New York''', commonly known as '''Coach''', is an American fashion house headquartered in New York City specializing in handbags, luggage, and accessories, as well as ready-to-wear. Coach licenses its name and branding to Luxottica for eyewear,<ref>{{Cite web |last=Stephenson |first=Lauren |date=2010-10-05 |title=Coach, Luxottica Agree to Eyewear Deal |url=https://wwd.com/fashion-news/designer-luxury/coach-luxottica-agree-to-eyewear-deal-3326560/ |access-date=2022-09-03 |website=Women's Wear Daily |language=en-US}}</ref> and Paris-based Interparfums for fragrances.<ref>{{Cite web |last=Wahba |first=Phil |date=2015-04-09 |title=Coach to replace Estée Lauder with Interparfums in new perfume deal |url=https://fortune.com/2015/04/09/coach-estee-lauder-perfume/ |access-date=2022-09-03 |website=Fortune |language=en}}</ref> Stuart Vevers has been the executive creative director since June 2013.<ref>{{Cite web |title=Stuart Vevers is part of the BoF 500 |url=https://www.businessoffashion.com/community/people/stuart-vevers |access-date=2023-03-02 |website=The Business of Fashion |language=en-GB}}</ref>

It is the main subsidiary of Tapestry, Inc., formerly known as Coach, Inc.

== History == ===1941–1985=== thumb|A Coach purse thumb|Edmonton Mall Coach store in Alberta, Canada Coach was founded in 1941, as a family-run workshop in a loft on 34th Street in Manhattan,<ref name=BaltimoreSun2003Tan>{{cite news|last=Tan|first=Cheryl Lu-Lien|authorlink=Cheryl Lu-Lien Tan|title=In the Bag|url=https://www.baltimoresun.com/2003/08/10/in-the-bag/|access-date=January 22, 2012|newspaper=The Baltimore Sun|date=August 10, 2003}}</ref><ref name="Publishing2009">{{cite book|author=DK Publishing|title=1000 CEOs|url=https://books.google.com/books?id=p-u4AOpIoeQC&pg=PA350|access-date=23 January 2013|date=17 August 2009|publisher=Penguin|isbn=978-0-7566-7057-3|pages=350–}}</ref> with six leather-workers who made wallets and billfolds by hand.<ref name=WWD2011Lockwood /> In 1946, Miles Cahn (1921–2017) and his wife Lillian Cahn (1923–2013) joined the company.<ref name="WWD2011Pogoda">{{cite news|last=Pogoda|first=Dianne M.|title=Leather Road|url=http://www.wwd.com/markets-news/designer-luxury/the-leather-road-5214840|access-date=January 22, 2012|newspaper=Women's Wear Daily|date=September 26, 2011}}</ref>

By 1950, Cahn had taken over the company. During the early years, Cahn noticed the distinctive properties and qualities of the leather used to make baseball gloves. With wear and use, the leather in a glove became softer and suppler. Attempting to mimic this process, Cahn developed a process to make the leather stronger, softer, and more flexible. Since the leather absorbed dye very well, this process also created a richer, deeper color.<ref>{{cite web|title=Coach Inc Company History|url=http://www.fundinguniverse.com/company-histories/coach-inc-history/}}</ref>

Soon after Cahn developed this new process, Lillian Cahn suggested to Miles that the company supplement the factory's men's accessories business by adding women's leather handbags.<ref name="WWD2011Lockwood" /> The "sturdy cowhide bags were an immediate hit."<ref name="WWD2011Lockwood" /> Miles and Lillian Cahn bought the company through a leveraged buyout in 1961.<ref name="WWD2011Lockwood" />

In 1961, Cahn hired Bonnie Cashin, a sportswear pioneer, to design handbags for Coach.<ref name="WWD2011Lockwood">{{cite news|last=Lockwood|first=Lisa|title=The Early Years|url=http://www.wwd.com/accessories-news/handbags/coach-the-early-years-5220127|access-date=January 22, 2012|newspaper=Women's Wear Daily|date=September 26, 2011}}</ref> Cashin "revolutionized the product's design," working as a creative head for Coach from 1962 through 1974.<ref name="WWD2011Lockwood" /> Cashin instituted the inclusion of side pockets, coin purses, and brighter colors (as opposed to the usual hues of browns and tans) in the products.<ref name="WWD2011Lockwood" /> Cashin designed matching shoes, pens, key fobs, and eyewear,<ref name="WWD2011Lockwood" /> and added hardware to both her clothes and accessories–particularly the silver toggle that became the Coach hallmark–declaring that she had been inspired by a memory of quickly fastening the top on her convertible sports car.

In 1979, Lewis Frankfort joined the company as vice-president of business development. During this time, Coach was making $6 million in sales, and products were being distributed through the domestic wholesale channel, primarily in the northeastern United States.<ref name=WWD2011Pogoda /> Mr. Rose, then executive VP of sales, mentored Frankfort, before retiring from his position in the company in 1995.

In 1981 the company opened its first directly operated retail location on Madison Avenue in Midtown Manhattan.<ref>{{cite web|title=Coach|url=http://www.vogue.com/voguepedia/Coach|publisher=Vogue|access-date=2018-06-21|archive-url=https://web.archive.org/web/20140122155411/http://www.vogue.com/voguepedia/Coach|archive-date=2014-01-22|url-status=dead}}</ref>

=== 1985: Sale to Sara Lee === In 1985, the Cahns sold Coach Leatherware to Sara Lee Corporation for a reported $30 million,<ref name="WWD2011Lockwood" /> having decided to "devote more time to their growing goat farm and cheese production business called Coach Farm in Gallatinville, New York, which they began in 1983".<ref name=WWD2011Lockwood /> Lew Frankfort succeeded Cahn as president.<ref name=WWD2011Lockwood />

Sara Lee structured Coach under its Hanes Group branch of subsidiaries of brands.<ref name=WWD2011Lockwood /> In early 1986, the company opened new boutiques in Macy's stores in New York City and San Francisco. Additional Coach stores were under construction, and similar boutiques were to be opened in other major department stores later that year. By November 1986, the company was operating 12 stores, along with nearly 50 boutiques within larger department stores.

Sara Lee Corporation divested itself of Coach first, by selling 19.5% of their shares of Coach at the Coach IPO in October 2000, followed in April 2001, with the distribution of their remaining shares to Sara Lee's stockholders through an exchange offer.<ref name="TR">{{cite web |url=https://wwd.com/fashion-news/designer-luxury/feature/coach-by-the-numbers-5219694-809634/|title=Coach by the Numbers|date= September 26, 2011|author=Alexandra Steigrad|publisher=WWD and Women's Wear Daily are part of Penske Media Corporation.|access-date=October 4, 2025 |url-status=live |archive-url=https://web.archive.org/web/20251004023333/https://wwd.com/fashion-news/designer-luxury/feature/coach-by-the-numbers-5219694-809634/|archive-date=October 4, 2025 }}</ref>

=== 1996: Reed Krakoff leads design === In 1996, Lew Frankfort was named chairman and CEO of Coach. The following year, under Frankfort's leadership, Coach hired Reed Krakoff, whose creative and commercials instincts aimed to make Coach products functional, lightweight, and stylish.<ref name=BaltimoreSun2003Tan /> Krakoff's design transformed Coach from the relatively small company that it was in 1985 into the worldwide-known brand that it is today.<ref name=BaltimoreSun2003Tan /><ref>{{cite web|last=Levy|first=Ariell|title=Brand-New Bag – The man from Coach goes upscale.|url=http://www.newyorker.com/reporting/2011/04/25/110425fa_fact_levy|work=newyorker.com|date=18 April 2011 |publisher=The New Yorker|access-date=2013-03-08}}</ref>

On June 1, 2000, the company changed its name to Coach, Inc.<ref>{{cite web|url=http://www.nasdaq.com/markets/ipos/filing.ashx?filingid=1280120|title=Coach, Inc. Common Stock|publisher=Goldman Sachs, & Co.}}</ref>

=== 2013–present === In February 2013, Coach named Victor Luis president and chief commercial officer and announced that he would become a chief executive officer in January 2014, with Lew Frankfort continuing as executive chairman.<ref>{{cite web|last1=Steigrad|first1=Alexandra|title=Victor Luis Named Coach CEO-Designate|date=14 February 2013 |url=http://www.wwd.com/business-news/human-resources/victor-luis-named-coach-ceo-designate-6757900?src=search_links|publisher=Women's Wear Daily}}</ref> In 2013, Coach generated $5 billion in sales and operated approximately 1,000 directly operated locations globally, including North America, Japan, China, Singapore, Taiwan, Malaysia, Korea, and Europe.<ref name="xbrlus_1">{{cite web|url=http://media.corporate-ir.net/media_files/IROL/12/122587/coach10K.pdf |title=Coach, Inc.2013 Annual Report Form (10-K) |publisher=United States Securities and Exchange Commission |format=XBRL |date=August 22, 2013}}</ref>

In 2014, the company announced Stuart Vevers as the new executive creative director, replacing Reed Krakoff.<ref>{{cite web|title=Stuart Vever's Vision: Coach's New Man Talks Heritage| date=25 June 2013 |url=http://www.wwd.com/fashion-news/designer-luxury/stuart-vevers-vision-7018368?src=search_links|publisher=Women's Wear Daily|access-date=July 9, 2014}}</ref> During 2014, Coach also announced that Lew Frankfort would retire as executive chairman at the expiration of his term in November 2014.<ref>{{cite web|title=Coach Announce the Retirement of Lew Frankfort, Executive Chairman|url=http://www.businesswire.com/news/home/20140925006090/en/Coach-Announces-Retirement-Lew-Frankfort-Executive-Chairman|publisher=Business Wire|access-date=October 8, 2014|format=Press release|date=September 25, 2014}}</ref>

In January 2015, Coach agreed to buy shoemaker Stuart Weitzman for up to $574 million in cash.<ref>{{cite web|author1=Michael J. de la Merced|author2=Hiroko Tabuchi|author2-link=Hiroko Tabuchi |title=Coach Expands Luxury Fashion Brand Buying Shoemaker Stuart Weitzman|url=https://dealbook.nytimes.com/2015/01/06/coach-to-buy-luxury-shoemaker-stuart-weitzman-for-up-to-574-million/?module=BlogPost-Title&version=Blog%20Main&contentCollection=Mergers%20&%20Acquisitions&action=Click&pgtype=Blogs&region=Body&_r=0|work=The New York Times|access-date=January 10, 2015|date=January 6, 2015}}</ref> In the same year, Coach also launched Coach 1941, "a new, higher-priced line centered on ready-to-wear."<ref>{{cite web|last1=Indvik|first1=Lauren|title=Why Coach is Now Focusing on Ready-to-Wear|url=http://fashionista.com/2015/09/coach-1941-stuart-vevers-interview|website=Fashionista|date=28 September 2015 |access-date=17 November 2016}}</ref> Coach marked its 75th anniversary in 2016 with the announcement of its partnership with Selena Gomez.<ref>{{cite web|title=75th anniversary|url=http://www.coach.com/shop/coach-75th|publisher=Coach|access-date=February 15, 2016}}</ref><ref>{{cite news|last1=Schneider|first1=Matthew|title=Coach Confirms Its Partnership With Selena Gomez |url=https://www.nytimes.com/2016/12/16/fashion/selena-gomez-coach-partnership-confirmed.html?_r=0 |work=The New York Times|date=16 December 2016 |access-date=12 January 2017}}</ref>

In July 2017, Coach purchased Kate Spade for $2.4 billion.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2017-08-15/coach-declines-after-kate-spade-acquisition-weighs-on-forecast|title=Coach Sinks After Kate Spade Acquisition Weighs on Forecast|date=2017-08-15|work=Bloomberg.com|access-date=2017-12-27}}</ref> Michael Kors Holdings Ltd. had previously expressed interest in buying Kate Spade.<ref>Stephanie Hoi-Nga Wong, [https://www.bloomberg.com/news/articles/2017-05-08/coach-says-it-agreed-to-buy-kate-spade-for-2-4-billion Coach Agrees to Buy Kate Spade for $2.4 Billion], Bloomberg.com, May 8, 2017,</ref> On October 10, 2017, Victor Luis (CEO) announced that on October 31, Coach Inc would be renamed and rebranded as Tapestry Inc. The company's ticker symbol on the NYSE changed from COH to TPR effective October 31, 2017.<ref>{{cite web|title=Coach rebrands as Tapestry to reflect more than bags |url=https://www.cbsnews.com/news/coach-rebrands-as-tapestry-to-reflect-more-than-bags/ |website=cbsnews.com |access-date=November 16, 2017 |date=October 11, 2017}}</ref> As of 2019, Coach dropped the use of fur from its collection.<ref>Tamison O'Connor, "Coach Latest Brand to Drop Fur," [https://www.businessoffashion.com/articles/news-bites/coach-bans-animal-fur The Business of Fashion], 23 October 2018.</ref>

In September 2019, Coach named Jide J. Zeitlin, Chairman of the Board, as new CEO of Tapestry, Inc., replacing former Chief Executive Officer Victor Luis.<ref name="cnbc.com">{{Cite web|url=https://www.cnbc.com/2019/09/04/coach-owner-tapestry-appoints-jide-zeitlin-as-ceo.html|title=Coach owner Tapestry appoints Jide Zeitlin as CEO|last=Wu|first=Jasmine|website=CNBC|date=4 September 2019 |language=en-US|access-date=2019-09-04}}</ref> Zeitlin resigned his position in July 2020, following allegations of personal misconduct.<ref>Gross, Elana Lyn (July 21, 2020). "[https://www.forbes.com/sites/elanagross/2020/07/21/tapestry-ceo-jide-zeitlin-resigns-after-misconduct-allegation/?sh=a9eedbd1a00c Tapestry CEO Jide Zeitlin Resigns After Misconduct Allegation]". Forbes. Retrieved November 26, 2020.</ref>

In 2019 it was announced that a float depicting Coach's house mascot Rexy the Dinosaur would be featured in the Macy's Thanksgiving Day Parade.<ref>Binlot, Ann (October 30, 2019). "[https://www.forbes.com/sites/abinlot/2019/10/30/coach-becomes-first-luxury-brand-to-have-a-float-at-the-macys-thanksgiving-day-parade/?sh=190bc64213d6 Coach To Have A Float At The Macy's Thanksgiving Day Parade]". Forbes. Retrieved November 26, 2020.</ref>

In November 2019, Jennifer Lopez became the new global face of the company.<ref>{{Cite web|url=https://people.com/style/jennifer-lopez-named-the-new-global-face-of-coach/|title=Jennifer Lopez Named the New Global Face of Coach – See Her Original Coach Bag From Her 2002 Music Video!|website=PEOPLE.com|language=en|access-date=2019-11-20}}</ref> As of 2019, Coach has 986 stores worldwide.<ref>{{Cite web|title=Interesting Coach Statistics and Facts|url=https://expandedramblings.com/index.php/coach-statistics-facts/|last=Smith|first=Craig|date=2019-02-02|website=DMR|language=en-US|access-date=2020-05-06}}</ref>

In 2020, Coach again rebranded. Like many brands during the COVID-19 pandemic, Coach began focusing on its digital platform.

In 2021, Coach celebrated its 80th anniversary. Also in 2021, Coach launched their "(Re)Loved" initiative as a way to contribute to sustainability and reduced wasted in landfills. They upcraft and repurpose used bags and give them new life in order to appeal to a new owner and ensure one less bag ends up in a landfill.<ref>{{cite web |title=Coach (Re)Loved Program |url=https://www.coach.com/content/sustainability-coach-reloved#link |website=Coach |publisher=Tapestry, Inc. |access-date=22 April 2026}}</ref>

In 2023, Coach launched Coachtopia in a larger effort to adopt a circular business model. Goods made under the Coachtopia brand utilize materials that are recycled, repurposed, and renewable.<ref>{{Cite web |title=Introducing Coachtopia: A new world of circular craft from Coach. Powered by community, building towards a better future for our planet. |url=https://www.prnewswire.com/news-releases/introducing-coachtopia-a-new-world-of-circular-craft-from-coach-powered-by-community-building-towards-a-better-future-for-our-planet-301802641.html |access-date=2025-12-31 |website=www.prnewswire.com |language=en}}</ref>

== Corporate affairs ==

thumb|Coach purse with the signature monogram C

=== Leadership === Lewis Frankfort has been involved with Coach for more than 30 years.<ref>{{cite web|title=Lew Frankfort|url=http://www8.gsb.columbia.edu/about-us/board/lew-frankfort|publisher=Columbia University|access-date=2018-06-21|archive-url=https://web.archive.org/web/20180627084935/https://www8.gsb.columbia.edu/about-us/board/lew-frankfort|archive-date=2018-06-27|url-status=dead}}</ref> He was named chairman and CEO in 1995, and in 2014 became executive chairman. During 2000, he oversaw Coach's transition to a publicly traded company listed on the NYSE and in 2011, became the first American issuer to list on the Stock Exchange of Hong Kong.

Victor Luis was named chief executive officer of Coach, Inc. in January 2014.<ref name=20138K>{{cite web|title=Coach Fy13 Current Report Form 8-K|url=http://phx.corporate-ir.net/phoenix.zhtml?c=122587&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTg3MzUwNzgmRFNFUT0wJlNFUT0wJlNRREVTQz1TRUNUSU9OX0VOVElSRSZzdWJzaWQ9NTc%3d|publisher=United States Securities and Exchange Commission}}</ref> Before his appointment and beginning in February 2013, he held the role of president and chief commercial officer of Coach, Inc., also serving on Coach's board of directors.

Stuart Vevers joined Coach in the fall of 2013 as executive creative director. Vevers joined Coach from Loewe, where he held the role of creative director since 2008.<ref>{{cite web|title=Stuart Vevers to Join Coach|url=http://www.vogue.com.au/fashion/news/stuart+vevers+to+join+coach,25949|publisher=Vogue|access-date=2018-06-21|archive-date=2016-03-04|archive-url=https://web.archive.org/web/20160304113115/http://www.vogue.com.au/fashion/news/stuart+vevers+to+join+coach,25949|url-status=dead}}</ref> Before Loewe, he served as creative director of Mulberry from 2005 to 2008. He began his career at Calvin Klein. In 2006, Vevers won the British Fashion Council's Accessory Designer of the Year award.

Jide J. Zeitlin, Chairman of the Board, was appointed Chief Executive Officer (CEO) of Tapestry in September 2019. Prior to his resignation in 2020, Zeitlin was responsible for the execution of the company's strategic agenda and financial performance.<ref name="cnbc.com"/>

In July 2020, Todd Kahn was appointed CEO and Brand President.

== Operations == thumb|A Coach store in an outlet mall As of 2013, there were approximately 1,000 Coach stores in North America. Coach has also built a strong presence in the U.S. through Coach boutiques located within select department stores and specialty retailer locations.<ref name=TR /> As of 2026, Coach has approximately 311 locations in the United States. <ref> Coach. [https://www.coach.com/stores/]</ref>

Coinciding with its 75th anniversary in 2016, Coach opened Coach House, a 20,000-square-foot Midtown Manhattan retail space.<ref>{{cite web|last1=Zilkha|first1=Bettina|title=Coach Opens Coach House On Fifth Avenue, Donates $3 Million To Step Up|url=https://www.forbes.com/sites/bettinazilkha/2016/11/21/coach-opens-coach-house-flagship-on-fifth-avenue-donates-3-million-to-step-up/#4d5179a34623|work=Forbes|access-date=13 December 2016}}</ref>

Today, Coach's corporate headquarters remain in Midtown Manhattan on 34th Street, in the location of their former factory lofts. In August 2016, the company finalized the sale and leaseback of its office condo portion of 10 Hudson Yards – its headquarters. Coach received $707 million before transaction costs.<ref>{{Cite press release | url=https://www.businesswire.com/news/home/20160801006304/en/Coach-Announces-Sale-Interest-10-Hudson-Yards | title=Coach, Inc. Announces Sale of Its Interest in 10 Hudson Yards | publisher=Business Wire | date=August 1, 2016}}</ref>

In 1999, Coach launched its online store at www.coach.com.<ref>[http://www.coach.com/online/handbags/genWCM-10551-10051-en-/Coach_US/CompanyInformation/InvestorRelations/CompanyProfile- "Company Profile"] {{Webarchive|url=https://web.archive.org/web/20130403230055/http://www.coach.com/online/handbags/genWCM-10551-10051-en-/Coach_US/CompanyInformation/InvestorRelations/CompanyProfile- |date=2013-04-03 }}. Coach Official Site. Accessed 12 February 2012.</ref>

On 4 March 2024, the first Coach restaurant opened in Grand Indonesia Shopping Town in Jakarta, Indonesia.<ref>{{cite web | url=https://www.businessoffashion.com/news/marketing-pr/coach-opens-its-first-restaurant/ | title=Coach Opens Its First Restaurant — in Jakarta | date=4 March 2024 }}</ref>

In December of 2024 the first Coach Coffee Shop opened in the Jersey Shore Premium Outlets in Tinton Falls, New Jersey.<ref> Coach.[https://www.coachoutlet.com/stores/cafe/nj/tinton-falls/1-premium-outlets-blvd]</ref>

== The Coach Foundation == The Coach Foundation was established in 2008 to support organizations that "empower" and educate women and children around the world.<ref name="cFoundation">{{cite web|url=http://www.coach.com/online/handbags/genWCM-10551-10051-en-/Coach_US/CompanyInformation/CoachFoundation/?LOC=BN|title=The Coach Foundation|publisher=Coach Official Site|access-date=2018-06-21|archive-url=https://web.archive.org/web/20150121063428/http://www.coach.com/online/handbags/genWCM-10551-10051-en-/Coach_US/CompanyInformation/CoachFoundation/?LOC=BN|archive-date=2015-01-21|url-status=dead}}</ref>

== References == {{Reflist}}

==External links== {{Commons category|Coach, Inc.}} * {{Official website|https://www.coach.com/}}

Category:Clothing brands of the United States Category:Leather manufacturers Category:Bags (fashion) Category:Fashion accessory companies Category:Manufacturing companies based in New York City Category:American companies established in 1941 Category:Clothing companies established in 1941 Category:1941 establishments in New York City Category:Shops in New York City Category:2000s fashion Category:2010s fashion Category:2020s fashion Category:Eyewear brands of the United States