Tapestry Inc. (TPR), formerly known simply as Coach, is a powerful branding business that owns and manages three luxury lifestyle brands: Coach, Kate Spade, and Stuart Weitzman.
I was an investor in this company years ago, and sold my shares a few months after it acquired Kate Spade, effectively turning itself into a luxury branding business, or a conglomerate, as another Seeking Alpha author noted. The move was likely done to mask the fact that the various brands, each associated with a different age group and catering to different demographics, belonged