TPR - Manesh Dadlani Executes Sell Order: Offloads $105K In Tapestry Stock | Benzinga
It was reported on May 29, that Manesh Dadlani, VP at Tapestry (NYSE:TPR) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday outlined that Dadlani executed a sale of 2,500 shares of Tapestry with a total value of $105,574.
As of Thursday morning, Tapestry shares are up by 0.53%, currently priced at $41.74.
Get to Know Tapestry Better
Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (66% of fiscal 2023 sales), Europe, Asia (29% of fiscal 2023 sales), and elsewhere. Coach (75% of fiscal 2023 sales) is best known for affordable luxury leather products. Kate Spade (21% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2023. Stuart Weitzman (4% of sales) generates nearly all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.
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