Who Owns Tapestry: Largest Shareholders

Tapestry is one of the most recognizable names in the luxury fashion industry. Many people often ask, who owns Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman. The company has grown into a global fashion powerhouse through acquisitions and brand expansions, making its ownership and leadership important to understand.

Tapestry Company Profile

Tapestry, Inc. is an American multinational fashion holding company. It includes three major lifestyle brands: Coach New York, Kate Spade New York, and Stuart Weitzman. The company rebranded from Coach, Inc. to Tapestry on October 31, 2017, to reflect its broader brand portfolio.

Company Details

Tapestry, Inc. is a publicly traded company listed on the New York Stock Exchange under the ticker symbol TPR. It is part of the S&P 500 index, which includes leading U.S. companies across different industries. Headquartered in New York City, Tapestry operates in more than 70 countries with a strong presence in North America, Europe, and Asia.

The company manages a global retail network that includes standalone boutiques, outlet stores, and a rapidly growing digital presence. Tapestry is recognized as a house of modern luxury lifestyle brands, bringing together Coach, Kate Spade, and Stuart Weitzman under one umbrella. Its business model focuses on blending American design heritage with global fashion appeal, targeting both premium and aspirational customers.

With over 19,000 employees worldwide, Tapestry emphasizes creativity, craftsmanship, and innovation. The company continues to expand its brand influence through strategic marketing, collaborations, and a strong focus on sustainability and digital engagement.

Founders & Origins

Tapestry, Inc. traces its roots back to Coach, which was founded in 1941 as a small family-run leather workshop in Manhattan, New York. The company was started by a group of skilled artisans who specialized in handcrafting leather goods using techniques inspired by baseball glove stitching.

In the early years, Coach was transformed by Miles and Lillian Cahn, who joined the business in the 1940s. They introduced innovative methods of leather processing that made Coach bags more durable yet soft, and they also helped shape the company’s signature style.

Under their guidance, Coach grew from a small workshop into a recognized American accessories brand.

By the 1960s, the company became known for affordable luxury handbags that combined functionality with craftsmanship. This laid the foundation for the brand’s expansion into shoes, outerwear, and other fashion categories over the following decades.

In the 2000s, Coach established itself as one of the most successful American handbag brands, competing with European luxury houses. Its success and ambition to grow beyond a single label led to acquisitions.

Major Milestones

• 1941: Coach founded as a leather goods workshop in New York.
• 1961: Renamed Coach Leatherware Company, focusing on high-quality leather goods.
• 2015: Acquisition of Stuart Weitzman, expanding into luxury footwear.
• 2017: Acquisition of Kate Spade, broadening the brand portfolio.
• October 31, 2017: Rebranded from Coach, Inc. to Tapestry, Inc., stock ticker changed to TPR.
• 2019–2021: Leadership changes from Victor Luis to Jide Zeitlin, followed by Joanne Crevoiserat in 2020.
• 2023–2024: Attempted $8.5 billion acquisition of Capri Holdings (Versace, Michael Kors, Jimmy Choo), later blocked by the FTC.
• 2025: Sold Stuart Weitzman to Caleres for $105 million. Reported $7.0 billion in full-year revenue, an increase of 5% from prior year. Q4 revenue was $1.72 billion, up 8%, powered by Coach’s 14% growth. Strong gains were seen in North America, Europe, and Asia, particularly in Greater China (+18%). Returned $2.3 billion to shareholders through dividends and repurchases, while raising dividends by 14%.

Who Owns Tapestry: Top Shareholders

Tapestry is a publicly traded company listed on the New York Stock Exchange under the ticker symbol TPR. It does not have a single private owner. Instead, it is owned by institutional investors, mutual funds, and individual shareholders. The largest shareholders are major investment firms, which hold significant influence over corporate governance.

Below is a list of the major shareholders of Tapestry as of August 2025:

Vanguard Group, Inc.

Vanguard remains the largest shareholder of Tapestry as of mid-2025. It holds approximately 12.18% of the company’s outstanding shares, which translates to about 25.3 million shares.

A significant portion of this ownership comes through its index funds, including the Total Stock Market and S&P 500 ETFs. Vanguard’s vast, diversified holdings give it considerable sway in corporate governance, especially during key votes. Its long-term, passive investment strategy emphasizes stability and consistent performance.

BlackRock, Inc.

BlackRock is the next major institutional owner, holding approximately 6.67% of Tapestry, or about 13.8 million shares. With a global footprint and extensive proxy voting power, BlackRock regularly influences strategic direction and board decisions in companies where it invests. While its ownership fluctuates, its sizable stake ensures a strong voice in governance matters.

Fidelity Management

Fidelity, via parent company FMR LLC, holds around 4.63% of Tapestry—roughly 9.6 million shares.

Fidelity participates through various mutual funds, offering active engagement in decision-making. Though its stake is smaller than Vanguard’s or BlackRock’s, it still represents a meaningful presence and influence.

Bank of America Corp / Merrill Lynch International

Bank of America, through Merrill Lynch International, controls approximately 4.49%, or 9.3 million shares. This position reflects BoA’s broader institutional investment footprint and gives it moderate influence in Tapestry’s shareholder dynamics.

State Street Corporation

State Street holds roughly 3.76% of the company’s shares, equating to about 7.8 million shares. As a key institutional investor, State Street emphasizes corporate responsibility and long-term value creation. While its stake is mid-tier in size, its involvement adds to the institutional governance framework.

Morgan Stanley

Morgan Stanley’s brokerage and institutional accounts hold about 3.10% of Tapestry, totaling 6.4 million shares. As both an advisory firm and investor, Morgan Stanley’s combined roles bolster its influence even with a mid-level shareholding.

Geode Capital Management

Geode Capital owns approximately 2.57% of the company, around 5.34 million shares. The firm typically represents passive, quantitative strategies, and its position underscores the broad mix of investment styles among Tapestry’s backers.

DZ BANK AG (Germany)

DZ Bank, a German cooperative bank, holds around 2.41% of shares, about 5 million total. Its ownership adds a notable international dimension to Tapestry’s shareholder base.

SRS Investment Management, LLC

SRS Investment Management oversees roughly 2.28% of Tapestry’s stock, equating to 4.74 million shares. As a smaller but significant institutional holder, its longer-term investment horizon brings additional diversity to governance.

Ameriprise Financial Inc.

Ameriprise Financial holds about 1.78% of Tapestry, equal to roughly 3.69 million shares as of August 2025. While its stake is smaller compared to giants like Vanguard and BlackRock, Ameriprise is still an important institutional investor.

The firm primarily manages wealth and retirement portfolios, meaning its ownership in Tapestry is part of a broader diversified strategy. Although Ameriprise does not exert direct control, it contributes to shareholder voting and governance, aligning with its long-term investment outlook.

Lew Frankfort

The largest individual (insider) shareholder is Lew Frankfort, former CEO and Chairman of Coach, who holds about 0.98% of the company (around 2.03 million shares).

Though his stake is relatively small compared to institutions, his legacy leadership role adds symbolic and experiential influence in governance.

Who is the CEO of Tapestry?

Joanne C. Crevoiserat has been the CEO of Tapestry, Inc. since October 2020. She first joined the company in 2019 as Chief Financial Officer and quickly became one of the key leaders driving operational discipline and financial resilience.

When she stepped into the CEO role during the challenges of the global pandemic, she guided Tapestry through one of the most turbulent periods in retail and luxury fashion. Her appointment marked a pivotal shift for the company, as she brought a blend of financial expertise and consumer focus to a brand-driven business.

Before Tapestry, Crevoiserat held leadership positions at several major retailers, including Abercrombie & Fitch, Kohl’s, and Walmart. This broad experience gave her a strong understanding of mass retail dynamics, which she has since applied to the luxury and premium fashion industry.

Leadership Style and Strategic Focus

Crevoiserat is widely recognized for her calm but decisive leadership style. She combines financial discipline with creativity and has placed strong emphasis on consumer insights, data analytics, and digital transformation. Her strategy has centered on four key pillars: strengthening Tapestry’s brand portfolio, expanding direct-to-consumer channels, accelerating global growth, and embedding sustainability into operations.

She has also prioritized reaching younger demographics. Under her leadership, Coach, Kate Spade, and Stuart Weitzman have increased their appeal to Gen Z and millennial customers. This has been achieved through collaborations, digital campaigns, and a stronger focus on personalization.

Innovation, Brand Building, and Global Expansion

A defining part of Crevoiserat’s tenure has been her work in global expansion, especially in Asia. Greater China has become one of Tapestry’s most critical markets, and she has spearheaded initiatives to deepen engagement with Chinese consumers both online and offline. She has also emphasized product innovation, pushing for collections that are trend-driven while maintaining the timeless qualities of each brand.

Digital commerce is another area where Crevoiserat has made a strong impact. She invested heavily in omnichannel platforms, AI-driven personalization, and supply chain agility. These efforts have allowed Tapestry to remain resilient in shifting market conditions and to capitalize on consumer demand quickly.

Recognition and Influence

Crevoiserat’s leadership has been widely recognized. In 2024, she was included in TIME magazine’s “TIME100” list of the most influential people in the world. This honor highlighted her impact not only within fashion but also in shaping modern consumer engagement across industries. She also sits on the Board of Directors at General Motors, giving her influence beyond the retail sector.

Her recognition also extends to sustainability. Crevoiserat has been vocal about embedding environmental responsibility in luxury fashion, focusing on responsible sourcing, carbon reduction, and circular design initiatives.

Past CEOs of Tapestry

Tapestry’s leadership has seen several high-profile figures before Crevoiserat.

Victor Luis served as CEO until 2019 and played a key role in acquiring Kate Spade, which expanded Tapestry’s portfolio.

Andrea Guerra briefly held the role of interim CEO before Crevoiserat’s appointment.

Lew Frankfort, a long-serving leader, guided Coach (before it became Tapestry) through decades of growth and transformation, setting the stage for its evolution into a multi-brand luxury house.

Each of these CEOs shaped different chapters of Tapestry’s history. Crevoiserat is now seen as the leader consolidating these gains, modernizing the company’s culture, and aligning its global strategy.

Executive Leadership Structure

Alongside Crevoiserat, Tapestry operates with a collaborative executive leadership team. The structure includes a Chief Financial Officer, Chief Operating Officer, and brand presidents for Coach, Kate Spade, and Stuart Weitzman.

This team-based approach allows each brand to retain its distinct identity while benefiting from Tapestry’s shared resources, digital platforms, and global scale. Crevoiserat, as CEO, has the final authority in strategic decisions but relies on her executive team to balance creativity with business performance.

Tapestry Annual Revenue and Net Worth

Tapestry ended fiscal year 2025 with record-breaking sales. The company generated $7.0 billion in revenue, which was a 5% increase compared to the prior year. This growth was primarily fueled by the strong performance of Coach, the group’s flagship brand. Coach posted a double-digit revenue rise of nearly 10%, with particular strength in North America, Europe, and Greater China.

The fourth quarter alone saw overall revenue jump 8%, while Coach surged by 14%. In contrast, Kate Spade experienced a decline, as the brand is undergoing restructuring to sharpen its positioning and improve long-term profitability. Stuart Weitzman, which was sold in 2025, contributed minimally to overall results.

Below is the historical revenue and net worth of Tapestry from 2015 to 2025:

Impact of Impairments and One-Time Charges

Despite healthy top-line growth, profitability was impacted by extraordinary expenses. Tapestry recognized $855 million in impairment losses related to Kate Spade’s goodwill and brand assets. Additional charges came from restructuring costs, efficiency initiatives, and the completed divestiture of Stuart Weitzman.

The cancellation of the Capri Holdings acquisition also added financial strain. Altogether, these charges reduced net income by about $951 million, cutting diluted earnings per share by $4.28. These adjustments reflected non-recurring events, but they temporarily weighed on Tapestry’s bottom line.

Operating Margins and Profitability Trends

Before accounting for impairment charges, Tapestry maintained strong operating margins. The company’s gross margin benefited from higher full-price sales at Coach, improved merchandising strategies, and disciplined cost management. These operational efficiencies demonstrated the resilience of Tapestry’s business model, even as some segments underperformed. Adjusted operating income highlighted the company’s ability to generate sustainable cash flow despite temporary setbacks.

Net Worth and Market Valuation in 2025

As of August 2025, Tapestry’s market capitalization stands between $22 billion and $23 billion, reflecting strong investor confidence and a significant increase compared to earlier years.

This rise was supported by robust brand momentum, strategic restructuring, and optimism about Coach’s growth prospects. The company’s market value also rebounded following its decision to walk away from the Capri Holdings acquisition, which reassured investors about capital discipline.

Looking at historical trends, Tapestry’s net worth was about $16.4 billion in mid-2025, showing steady appreciation throughout the year.

Compared to 2023 and 2024, the company’s valuation has grown substantially, indicating that investors are rewarding its ability to strengthen brand equity, optimize operations, and expand its global presence.

With ongoing investments in digital platforms and new product lines, Tapestry’s financial standing appears positioned for continued growth in the years ahead.

Brands Owned by Tapestry

As of 2025, Tapestry operates a streamlined house of two global brands—Coach and Kate Spade—supported by outlet concepts, a sustainability sub-brand, owned digital commerce, and a network of regional subsidiaries. The portfolio is more focused than in prior years, with resources concentrated on product excellence, brand desirability, and omnichannel execution to drive durable growth.

Below is a list of the major brands owned by Tapestry as of 2025:

Coach New York

Coach is Tapestry’s flagship brand and the largest revenue generator in the portfolio. It began in 1941 as a New York leather workshop and now spans handbags, small leather goods, ready-to-wear, footwear, and lifestyle accessories.

The brand’s positioning is modern American luxury with an emphasis on craftsmanship, archival design refreshed for today, and strong entry-to-core price points. Coach operates a global direct-to-consumer network that includes full-price boutiques, department-store concessions, e-commerce sites, and outlet/Factory stores.

Brand-building over the last few years has centered on iconic families like Tabby and Rogue, celebrity and creator partnerships, and an always-on digital strategy. Supply-chain investments and tighter SKU discipline have supported more full-price sell-through and healthier margins.

Coachtopia

Coachtopia is Coach’s circularity-led sub-brand focused on lower-impact materials, regenerative design, and product take-back. It experiments with recycled and upcycled leathers, modular construction for repair, and transparent impact labeling. Coachtopia’s capsule drops serve as a test bed for innovations that later scale into core Coach assortments.

The initiative also underpins Tapestry’s broader sustainability roadmap across design, sourcing, and retail operations.

Coach Outlet / Coach Factory

Coach Outlet (often branded as Coach Factory in select markets) is the brand’s value channel, selling made-for-outlet assortments and select prior-season styles. The channel has its own design calendar and merchandising architecture to protect full-price brand equity while expanding reach.

Outlet stores are concentrated in North America, Europe, and Asia, complemented by dedicated outlet e-commerce where permitted. This network is a key traffic and cash-flow driver, with tight inventory governance to maintain pricing power.

Kate Spade New York

Kate Spade New York is Tapestry’s second major brand, known for its playful, optimistic aesthetic and distinctive use of color and novelty. The brand spans handbags, SLGs, jewelry, footwear, apparel, tech accessories, home, and gifting. It operates full-price stores, outlets, concessions, and owned digital commerce, supported by a robust licensing ecosystem in lifestyle adjacencies. In 2025 the company sharpened Kate Spade’s focus on core icons, improved leather quality, and rebalanced the novelty pipeline, while elevating storytelling across campaigns and community-driven activations. Organizational changes have prioritized tighter SKU editing, clearer good-better-best pricing ladders, and improved store presentation to reignite growth.

Kate Spade Surprise (Outlet)

Kate Spade Surprise is the outlet and promotional channel for Kate Spade New York. It features made-for-outlet product architectures and select prior-season items. The Surprise channel plays a strategic role in customer acquisition and inventory productivity, with dedicated online events and a distinct visual identity to protect full-price positioning.

Tapestry Digital Commerce and Omnichannel Platforms

Beyond individual brand sites, Tapestry operates integrated digital commerce capabilities covering site merchandising, payments, fulfillment, clienteling, and analytics. A unified data layer supports personalization, cross-sell, and lifecycle marketing across Coach and Kate Spade. Investments in order management, ship-from-store, and BOPIS/ROPIS improve speed and inventory turns while preserving brand presentation.

Tapestry Sourcing, Supply Chain, and Capabilities Centers

Tapestry manages multi-country sourcing with a balanced vendor base across Asia and other regions. Company-run quality hubs, materials libraries, and test labs protect specifications for leather, hardware, and construction. Regional distribution centers and 3PL partnerships enable omnichannel flow, rapid replenishment of icons, and efficient returns processing. Sustainability programs address traceability, chemical management, waste reduction, and energy efficiency across the value chain.

Tapestry IP Holdings and Brand Protection

Through dedicated intellectual property entities, Tapestry owns and manages a portfolio of trademarks, trade dress, and design registrations for Coach and Kate Spade. A global brand-protection team coordinates with platforms, customs, and law enforcement to combat counterfeiting, safeguard logos and signature patterns, and protect design equities.

Regional Operating Subsidiaries

Tapestry owns and operates a network of regional subsidiaries to run retail, wholesale, and e-commerce activities. These include entities across North America, Europe, Greater China, Japan, South Korea, Southeast Asia, Australia, the Middle East, and Latin America. Local companies manage store fleets, marketing compliance, employment, and tax matters while executing global brand standards. This structure enables faster reads on demand, localized assortments, and tailored service models.

Former Brand: Stuart Weitzman (Divested 2025)

Stuart Weitzman, a luxury footwear brand acquired in 2015, was part of Tapestry’s portfolio for a decade. The company completed its sale in 2025 to streamline focus and reinvest behind Coach and Kate Spade. The divestiture simplified the operating model, reduced complexity, and freed capital for brand heat, product innovation, and shareholder returns.

Major Acquisitions and Portfolio Moves

Tapestry’s portfolio strategy has been shaped by disciplined M&A. The acquisition of Stuart Weitzman in 2015 expanded into luxury footwear and brought artisanal expertise in boots and occasion styles. The 2017 acquisition of Kate Spade added a complementary lifestyle voice, diversified the customer file, and increased global scale. In 2025 Tapestry completed the sale of Stuart Weitzman, aligning the house around two global icons with clearer strategic priority. An attempted combination with Capri Holdings announced in 2023 was terminated in 2024 following regulatory challenges, reinforcing Tapestry’s path as a focused, independent house.

Corporate Services and Shared Centers of Excellence

Tapestry maintains shared capabilities that power both brands: consumer insights and analytics, creative studios, media and performance marketing, loyalty and CRM, retail operations excellence, visual merchandising, product development, sustainability, legal and compliance, cybersecurity, and enterprise technology. These centers of excellence allow Coach and Kate Spade to keep distinct brand voices while leveraging scale benefits in platforms, talent, and cost.

Licensing and Collaboration Programs

Selective licensing programs extend brand reach in categories such as eyewear, fragrance, watches, cold-weather accessories, home, and tech accessories. Licensees operate under detailed brand guidelines and product review processes to preserve design integrity. Collaboration capsules with artists, designers, and cultural franchises create spikes in brand heat, draw new audiences, and produce collectible, limited-run product stories.

Wholesale, Travel Retail, and Marketplace Partnerships

While the strategy is primarily direct-to-consumer, Tapestry also operates curated wholesale and travel retail partnerships to reach strategic doors and gateways. The company engages marketplaces selectively, with strict control over content, pricing, and presentation to protect brand equity. Concession models in department stores and specialty retailers provide additional visibility in key cities.

People, Culture, and Community Platforms

Tapestry owns internal culture platforms that support inclusion, learning, and community engagement across offices and stores. Employee resource groups, leadership development tracks, and design apprenticeships help attract and grow creative and commercial talent. Community initiatives focus on mental health, women’s empowerment, and local giving aligned with each brand’s identity.

Conclusion

Tapestry is a leading American fashion group built on iconic brands like Coach, Kate Spade, and Stuart Weitzman. The company is publicly owned, with investment giants like Vanguard and BlackRock as its largest shareholders. Under the leadership of Joanne Crevoiserat, Tapestry continues to expand its global influence, focus on sustainability, and compete with international luxury powerhouses.

FAQs

Who is Tapestry owned by?

Tapestry, Inc. is a publicly traded company, meaning it is owned by its shareholders. The ownership is spread across institutional investors, mutual funds, and individual shareholders, with no single person or entity controlling the company outright.

Who owns Tapestry Inc?

Tapestry is owned by its mix of institutional and retail investors. The largest stakes are held by major institutional investors such as Vanguard Group, BlackRock, and Fidelity (FMR LLC), giving them significant influence over governance and strategic decisions.

Who are the largest shareholders of Tapestry?

The largest shareholders of Tapestry, as of 2025, include Vanguard Group (12.18%), BlackRock (6.67%), FMR LLC (4.63%), Bank of America / Merrill Lynch (4.49%), State Street Corporation (3.76%), and Morgan Stanley (3.10%). Other notable shareholders include Geode Capital Management, DZ BANK AG, SRS Investment Management, Ameriprise Financial, and former Coach CEO Lew Frankfort as an insider.

What brands does Tapestry own?

Tapestry owns several major brands including Coach New York, Kate Spade New York, and the sustainability-focused sub-brand Coachtopia. Previously, it also owned Stuart Weitzman, which was divested in 2025.

Who founded Tapestry Inc?

Tapestry, Inc. was originally formed in 2017 as the parent company of Coach and later expanded to acquire Kate Spade and Stuart Weitzman. Its formation was part of a corporate reorganization of Coach, Inc., which itself was founded in 1941.

What companies does Tapestry own?

Tapestry owns and operates Coach New York, Kate Spade New York, Coachtopia, digital commerce platforms, supply chain and sourcing entities, IP holdings, regional subsidiaries, licensing and collaboration programs, and outlet channels like Coach Outlet and Kate Spade Surprise.

What does Tapestry own?

Tapestry owns multiple fashion and lifestyle brands, operational subsidiaries in global markets, intellectual property, retail and e-commerce platforms, shared service centers, and outlet and licensing programs. Its primary focus is on luxury handbags, accessories, footwear, and lifestyle products.

What does Tapestry Inc do?

Tapestry, Inc. designs, sources, markets, and sells luxury fashion and lifestyle products. Its brands focus on handbags, small leather goods, footwear, apparel, jewelry, and home goods. The company operates globally through direct-to-consumer channels, e-commerce, wholesale, and outlet stores, while also managing intellectual property, supply chain, and brand licensing.

Who runs Tapestry, Inc.?

The company is led by Joanne C. Crevoiserat, the CEO of Tapestry, Inc. She joined the company as CFO in 2019 and became CEO in 2020. She leads the executive team, which includes brand presidents, CFO, COO, and heads of shared services.

Does Tapestry own Versace?

No, Tapestry does not own Versace. Versace is part of Capri Holdings, which is a separate luxury fashion group.

Who owns Kate Spade?

Kate Spade New York is wholly owned by Tapestry, Inc. since its acquisition in 2017.

Which country made Tapestry?

Tapestry, Inc. is an American company headquartered in New York City, United States.

Is Tapestry a global company?

Yes, Tapestry is a global company. Its brands operate in North America, Europe, Asia, Latin America, and the Middle East, with retail stores, outlets, e-commerce, and regional subsidiaries supporting international operations.

Where is Tapestry Inc.’s headquarters?

Tapestry, Inc. is headquartered in New York City, New York, United States.