Relative to the downturn in the Hong Kong stock market, Tapestry, Inc. and US stocks surged 1.47% on Monday, continuing the rally since last Thanksgiving. So far this year, the stock has increased by more than 9%, which has increased by 36% over the past year. But its performance is still far less than its rival Michael Kors Holdings Ltd. (NYSE:KORS), which has surged 60% in the past year.
At present, the competition between the two companies has expanded from the light luxury brand to the luxury group construction, and the two companies are actively merging. In October 11, 2017, the New York luxury group Coach, Inc announced that the company would change the company’s name to Tapestry, Inc, which came into force in October 31, 2017. At present, Coach group has a lifestyle brand Coach, Kate Spade New York and shoe track brand Stuart Weitzman. Nutchi, born in 1941. The headquarters is located in New York.
COACH is the high-end lifestyle fashion brand, offers exquisite accessories and gifts for men, women, men, ladies handbags series products including handbags, small leather goods, men’s and women’s shoes, clothing, watches, travel goods, scarves, sunglasses, perfume, fashion jewelry etc.. COACH’s products are sold all over the world through brand boutiques, designated department stores, specialized stores and official websites.