Tapestry, headquartered in New York City, provides luxury accessories under brands like Coach, Kate Spade, and Stuart Weitzman, employing 12,600 people since its IPO on October 5, 2000. The company operates through three segments, focusing on global sales via retail, e-commerce, and wholesale channels.
TPR has been in the news recently: Tapestry, Inc. is offering $750 million in senior unsecured notes with a 5.100% interest rate due in 2030 and $750 million with a 5.500% interest rate due in 2035 to repay loans and fund share repurchases. The offering is expected to close on December 11, 2024, and aims to enhance the company's financial stability.
📡️ Consumer Discretionary
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