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Tapestry company logo
Corporation
tapestry.com

Investments

1

Portfolio Exits

1

Funds

1

Partners & Customers

8

About Tapestry

Tapestry is a house of modern luxury lifestyle brands. The Company's portfolio Includes The Coach, Kate Spade New York, And Stuart Weitzman Brands.

Headquarters Location

10 Hudson Yards

New York, New York, 10001,

United States

212-594-1850

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Expert Collections containing Tapestry

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Tapestry in 1 Expert Collection, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Latest Tapestry News

Tapestry’s New Las Vegas Fulfillment Center to Tap Robotics

Nov 27, 2023

Tapestry, parent company to brands like Coach, Kate Spade, and Stuart Weitzman, is tapping into robotics-powered automation in a new state-of-the-art fulfillment center in Las Vegas. The company is overhauling supply chain operations, using robots in its material handling process to expedite order fulfillment and reduce manual stress. Joseph Gillespie, senior director of engineering and facilities for Tapestry’s North America fulfillment centers, shared with CGT details about the latest advancements in technology within fulfillment. “We’re leveraging an automated robotics module of 50,000 bins, holding approximately 500,000 units. It entails 75 robots that put the bins within the module and deliver them to the port where workers fill the orders,” said Gillespie. Compared to more traditional processes, such as pick to cart, which is more labor-intensive because of travel, he said, “we can fulfill customers’ orders much more efficiently.” The fulfillment center is expected to add more than 400 full-time jobs by 2029, and the expanded capability will help to better serve West Coast customers. The company stated the North Las Vegas facility will enable Tapestry to sustain multi-brand fulfillment, introducing more efficiencies and sustainable practices as it looks to meet the needs of customers. Tapestry expects the facility to distribute an annual 22.2 million units and hold 4 million units in inventory across both retail and e-commerce and decrease delivery windows from 5-7 days down to 2-3 days. Gillespie said the company is looking at this initiative with growth in mind, as the technology implementation doesn’t lock Tapestry into a particular format — it can flex around future needs. “As we think about our other sites, become pressed for space, and look to optimize, this technology is integral to that. It's a good solution across footwear, hand bags, and accessories,” said Gillespie. “It's a scalable, flexible solution, which could be applied to and benefit other sites within our network. It's very modular,” he added. “You can build what you need and add more later. It allows for flexibility and scalability to support the growth of our business and changes to our product types.” In a statement, Tapestry’s CEO Joanne Crevoiserat said the cutting-edge technology will create new opportunities for team members and strengthen the company’s  omni-channel capabilities . Tapestry’s SVP of global fulfillment and logistics Ken Sanders said, “The new North Las Vegas Fulfillment Center is a testament to our continuous growth as a company, and something we couldn’t have done without the ongoing support of our exceptional workforce. Our people have been critical to making this center a reality, and we are excited to continue our collaboration with our local partners and the broader community leveraging this new facility.” Also Read Tapestry is leveraging consumer data through the full value chain and embedding data into the decision making that's happening day-to-day, CEO Joanne Crevoiserat said. “We leveraged new data analytics capabilities to optimize our product allocation processes, such as utilizing artificial intelligence to forecast customer demand, and better position inventory and stores,” Crevoiserat said in a recent earnings call. “This led to an increase of inventory availability and help to ensure our product was in the right place at the right time, as we match supply with demand to help deliver superior customer experiences.” Learn more about value chain innovations at a RIS News' upcoming event: Value Chain Tech . This article also appears on CGT , a sister brand of RIS News.

Tapestry Investments

1 Investments

Tapestry has made 1 investments. Their latest investment was in Gen Phoenix as part of their Series F on March 3, 2023.

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Tapestry Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/30/2023

Series F

Gen Phoenix

$18M

Yes

3

Date

3/30/2023

Round

Series F

Company

Gen Phoenix

Amount

$18M

New?

Yes

Co-Investors

Sources

3

Tapestry Portfolio Exits

1 Portfolio Exit

Tapestry has 1 portfolio exit. Their latest portfolio exit was Kate Spade on March 08, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/8/2017

Divestiture

Kate Spade

$99M

3

Date

3/8/2017

Exit

Divestiture

Companies

Kate Spade

Valuation

$99M

Acquirer

Sources

3

Tapestry Acquisitions

3 Acquisitions

Tapestry acquired 3 companies. Their latest acquisition was Capri Holdings on August 10, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/10/2023

$99M

Acq - Pending

6

7/11/2017

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$99M

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10

1/6/2015

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$99M

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10

Date

8/10/2023

7/11/2017

1/6/2015

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acq - Pending

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Sources

6

10

10

Tapestry Fund History

1 Fund History

Tapestry has 1 fund, including Tapestry Foundation.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Tapestry Foundation

$50M

2

Closing Date

Fund

Tapestry Foundation

Fund Type

Status

Amount

$50M

Sources

2

Tapestry Partners & Customers

8 Partners and customers

Tapestry has 8 strategic partners and customers. Tapestry recently partnered with Ellen MacArthur Foundation on April 4, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

4/12/2023

Partner

United Kingdom

Tapestry joins the Ellen MacArthur Foundation

`` At Tapestry , our brands are contributing to a future that is both beautiful and responsible , and we look forward to collaborating with the Ellen MacArthur Foundation to continue to tackle pressing climate challenges and generate even more momentum behind the circular economy . ''

3

2/26/2021

Partner

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10

2/18/2021

Partner

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10

12/17/2020

Vendor

United States

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10

11/9/2020

Vendor

United States

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10

Date

4/12/2023

2/26/2021

2/18/2021

12/17/2020

11/9/2020

Type

Partner

Partner

Partner

Vendor

Vendor

Business Partner

Country

United Kingdom

United States

United States

News Snippet

Tapestry joins the Ellen MacArthur Foundation

`` At Tapestry , our brands are contributing to a future that is both beautiful and responsible , and we look forward to collaborating with the Ellen MacArthur Foundation to continue to tackle pressing climate challenges and generate even more momentum behind the circular economy . ''

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Sources

3

10

10

10

10

Tapestry Team

3 Team Members

Tapestry has 3 team members, including current Chief Executive Officer, Todd Kahn.

Name

Work History

Title

Status

Todd Kahn

Chief Executive Officer

Current

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Name

Todd Kahn

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Work History

Title

Chief Executive Officer

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Status

Current

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