Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Tapestry, Inc. is a global luxury fashion and accessories company operating within the apparel, footwear, and accessories industries. The company designs, manufactures, and markets premium handbags, small leather goods, footwear, ready-to-wear apparel, and accessories under a portfolio of well-known brands. Its primary revenue drivers are direct-to-consumer sales through company-operated retail stores and e-commerce platforms, complemented by wholesale distribution to department stores and specialty retailers.
The company’s core brands have historically included Coach, Kate Spade, and Stuart Weitzman, with Coach representing the largest share of revenue. Tapestry serves a broad customer base ranging from aspirational to luxury consumers, with a strong emphasis on brand storytelling, craftsmanship, and lifestyle positioning. The company traces its roots to 1941 with the founding of Coach in New York and was reorganized as Tapestry, Inc. in 2017 (formerly Coach, Inc.) to reflect its multi-brand structure and global ambitions.
Business Operations
Tapestry generates revenue primarily through its Coach and Kate Spade business segments, with historical contributions from Stuart Weitzman, which the company agreed to divest in 2024. Operations are organized by brand rather than by geography, with each brand managing its own design, merchandising, and marketing functions while sharing centralized corporate services such as supply chain, technology, and finance. The company’s business model emphasizes direct-to-consumer channels, which account for a majority of sales and provide higher margins and direct customer engagement.
The company operates both domestically and internationally, controlling proprietary designs, brand trademarks, and global distribution networks. Tapestry maintains long-term relationships with third-party manufacturers and suppliers, primarily in Asia, while retaining oversight of quality and sourcing standards. Key subsidiaries include Coach New York, Kate Spade New York, and, historically, Stuart Weitzman, each operating as distinct global brands under the Tapestry corporate structure.
Strategic Position & Investments
Tapestry’s strategic direction centers on driving sustainable growth through brand elevation, digital expansion, and disciplined capital allocation. Growth initiatives include increasing penetration in international markets, enhancing data-driven personalization, and expanding lifestyle offerings beyond core handbag categories. The company has consistently invested in digital commerce platforms, customer relationship management technology, and supply chain optimization to support long-term profitability.
In August 2023, Tapestry announced an agreement to acquire Capri Holdings, the parent company of Versace, Jimmy Choo, and Michael Kors, positioning the combined company as a diversified global luxury group; however, the transaction has faced regulatory scrutiny, and its final outcome remains uncertain based on available public sources. In parallel, Tapestry has streamlined its portfolio, including the announced sale of Stuart Weitzman in 2024, reflecting a focus on higher-return core brands and operational efficiency.
Geographic Footprint
Tapestry is headquartered in New York, United States, and operates across North America, Europe, and Asia-Pacific. North America represents the company’s largest market, driven by a dense network of retail stores and a mature e-commerce presence. Asia, particularly Greater China and Japan, is a key growth region supported by brand recognition and rising demand for luxury accessories.
The company also maintains a presence in Europe, both as a consumer market and as a strategic brand-building region, especially for Coach and Kate Spade. Tapestry’s global footprint includes hundreds of company-operated stores, digital storefronts serving multiple countries, and wholesale partners spanning several continents, giving it significant international operational influence.
Leadership & Governance
Tapestry is led by an experienced executive team with a focus on brand-led growth, operational discipline, and shareholder value creation. While the company’s origins trace back to the founders of Coach, including Miles Cahn and Lillian Cahn, its modern leadership reflects a professionalized, multi-brand governance structure. The leadership philosophy emphasizes creativity, inclusivity, and disciplined execution aligned with long-term strategic objectives.
Key members of the executive leadership team include:
- Joanne Crevoiserat – Chief Executive Officer
- Scott Roe – Chief Financial Officer
- Todd Kahn – Chief Executive Officer, Coach
- Eva Erdmann – Chief Executive Officer, Kate Spade
- Thomas K. Glaser – Chief Operations Officer
The board of directors provides oversight on strategy, risk management, and corporate governance, with practices aligned to U.S. public company standards and regulatory requirements.