TPR - What's Going On With Tapestry Shares Today? | Benzinga
Tapestry, Inc. (NYSE:TPR) shares are trading lower today. The company’s acquired luxury handbag maker Coach reportedly filed a trademark infringement lawsuit for The Gap, Inc. (NYSE:GPS).
Coach and its parent, Tapestry, accused Gap’s Old Navy unit of illegally selling T-shirts decorated with the word “Coach” and said that they never permitted Gap to sell the T-shirts, reported Reuters.
The company said the sale may confuse customers ...