We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.


The global fashion business journal

Nov 20, 201911:43pm

Coach’s owner boosts its benefit 62% despite only growing 3% in 2018

Tapestry ended its fiscal year, ended 29th of June, with a new benefit of 643.4 million dollars (718.1 million euros).

Aug 16, 2019 — 4:00pm
Mds
Save

Coach’s owner boosts its benefit 62% despite only growing 3% in 2018

 

 

Coach’s owner adds and keeps going. The American luxury holding Tapestry rised its benefits 61.8% in 2018, compared to the previous year. The company closed its fiscal year, ended 29th of June, with a net benefit of 643.3 million dollars, compared to the 397.5 million dollars of 2017.

 

Tapestry’s revenue was 6 billion dollars, 3% more compared to the one achieved in 2017. The ebitda of the group arrived at 766.2 million dollars, compared to the 596.8 million dollars from its previous fiscal year.  

 

By brands, Coach grew 2% during the last year, up to 4.2 billion dollars. Sales in a comparable area also rised 2%. The brand counted with 986 establishments at the end of its fiscal.

 

Kate Spade, on the other hand, rised 6%, up to 1.3 billion dollars, while Stuart Weitzman rised its revenue 4%, up to 389 million dollars. Up until 29th of June, Kate Spade had 407 establishments and Stuart Weitzman 147. 

Advertising
Comment
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...