Tapestry is a global fashion accessories company anchored by its Coach and Kate Spade brands. The company sells handbags, small leather goods, and footwear within the accessible luxury segment. Coach is the primary business and positions itself as an expressive luxury brand targeting Gen Z consumers through heritage design and accessible pricing. Kate Spade is a lifestyle brand currently undergoing a turnaround focused on reducing promotions to restore brand health. Tapestry recently exited the footwear-only segment by selling the Stuart Weitzman brand. The company utilizes a direct-to-consumer model, selling through its own retail stores, outlets, and e-commerce sites, which account for the vast majority of sales. Wholesale through department stores and specialty retailers makes up a smaller portion of the business. Profitability is driven by increasing average unit retail prices and maintaining high gross margins inherent to leather goods. Tapestry concentrates manufacturing in Asia, primarily in Vietnam and Cambodia. Under its Amplify strategy, the company focuses on acquiring younger customers, innovating within iconic handbag families, and expanding internationally. Management identifies Greater China and Europe as priority growth regions for store expansion. The company prioritizes brand investment and shareholder returns through dividends and share repurchases while maintaining low leverage.