Coach handbag maker Tapestry Inc raised its annual sales and profit forecasts on strong rebound in demand for luxury goods even as global supply chain bottlenecks threaten to create a shortage of products.
The New York-based fragrance group has reported $262.7 million in revenue for the third quarter ended September 30, 2021, a record figure according to the company, whose largest brands saw higher-than-expected growth.
Two high-calibre hires for Authentic Bespoke Group. The UK-based fashion and accessories group has appointed Deborah Lloyd and Giles English as board observers and advisors across its expanding portfolio.
Coach and Kate Spade owner Tapestry Inc forecast annual revenue and profit above estimates after posting better-than-expected results on Thursday, expecting the reopening of economies to boost demand for luxury goods.
Global Fashion Group, the online fashion and lifestyle destination that targets growth markets, has delivered another profitable quarter in Q2, saying it saw “a strong set of results and gross margin improvements”.