Coach, Inc.

Sep 17, 2021

Centric designs and manufactures Coach costume jewelry for Coach’s outlets. That partnership  began in 2015. Centric is a major producer and licensee of more than 100 brands including Calvin Klein, Frye, Jessica Simpson, Nautica, Frye, Joe’s Jeans, Timberland, Tommy Hilfiger, Michael Kors and Under Armour, as well as Coach and Izod. In recent developments, Sid Keswani joined Centric as president in May from Pandora, where he was president, North America. Earlier, he served as chief executive officer of Fiesta Mart and was at Target for 19 years as a stores executive. Ruth Hartman, an adviser with Bain & Co., former Lord & Taylor president and former chief merchandising officer of Le Tote, joined the board of Centric. Last January, Centric acquired Taste Beauty,  the manufacturer and marketer of pop-culture-inspired beauty and personal care products. In 2020, Centric, impacted by the pandemic, filed for Chapter 11 bankruptcy but emerged from the restructuring process the same year with new owners Blackstone, Ares Management and HPS Investment Partners, with Blackstone Centric being the majority sponsor. The restructuring enabled Centric to eliminate about $700 million in debt. Through the pandemic and bankruptcy, Centric shut its own stores, mostly under the BCBG, Robert Graham and Joe’s Jeans banners. Izod men’s beach clothes. Tags