Tapestry, Formerly Coach, Looks to Wring Savings From Kate Spade

CEO Victor Luis says growth has returned so far this quarter
Sales miss last quarter blamed on hurricanes, inventory mix

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Stephanie Hoi-Nga Wong

November 7, 2017 at 12:16 PM UTC

Updated on

November 7, 2017 at 3:28 PM UTC

Tapestry Inc., the leather-goods company formerly known as Coach Inc., is looking to finally get a payoff from its Kate Spade deal.

Chief Executive Officer Victor Luis expects cost savings from the merger to reach $100 million to $115 million in fiscal 2019, more than twice the company’s previous estimate. He also sees sales rebounding after a stumble last quarter.