- (0:15) - Coach Inc. Rebranding
- (2:00) - Why The Name Change To Tapestry?
- (4:10) - Episode Roundup: Podcast@Zacks.com
On this week’s episode of Shopping for Stocks, host and Zacks Editor Maddy Johnson revisits American fashion icon Coach Inc. , and its recent decision to change its corporate name.
Last week, Coach, which now owns fellow luxury handbag and accessories company Kate Spade and shoemaker Stuart Weitzman, is now Tapestry Inc.
After a months-long search, Tapestry follows in the footsteps of many companies who have undergone a strategic rebranding: Alphabet Inc. (GOOGL - Free Report) , Altria Group (MO - Free Report) , and Mondelez (MDLZ - Free Report) , formerly Google, Philip Morris, and Kraft, respectively.
Tapestry is likely mimicking European giants like LVMH and Kering, among others, each of whom boast an impressive slate of fashion brands among their portfolios. LVMH owns Louis Vuitton, Moët Chandon, Hennessy, Céline, Dior, and Sephora, including many others, while Kering operates Gucci, Saint Laurent, Balenciaga, Alexander McQueen, and Bottega Veneta.
It’ll be interesting to see what moves Michael Kors makes going forward, too. After their recent purchase of high-end shoemaker Jimmy Choo earlier this year, will the retailer follow in Tapestry’s footsteps and change their corporate name as well?
As a reminder, if you feel that something was missed, or if you want a different topic covered, send an email to podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave a rating on iTunes.
Thanks for listening to this week’s episode of Shopping for Stocks!
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
On this week’s episode of Shopping for Stocks, host and Zacks Editor Maddy Johnson revisits American fashion icon Coach Inc. , and its recent decision to change its corporate name.
Last week, Coach, which now owns fellow luxury handbag and accessories company Kate Spade and shoemaker Stuart Weitzman, is now Tapestry Inc.
After a months-long search, Tapestry follows in the footsteps of many companies who have undergone a strategic rebranding: Alphabet Inc. (GOOGL - Free Report) , Altria Group (MO - Free Report) , and Mondelez (MDLZ - Free Report) , formerly Google, Philip Morris, and Kraft, respectively.
Tapestry is likely mimicking European giants like LVMH and Kering, among others, each of whom boast an impressive slate of fashion brands among their portfolios. LVMH owns Louis Vuitton, Moët Chandon, Hennessy, Céline, Dior, and Sephora, including many others, while Kering operates Gucci, Saint Laurent, Balenciaga, Alexander McQueen, and Bottega Veneta.
It’ll be interesting to see what moves Michael Kors makes going forward, too. After their recent purchase of high-end shoemaker Jimmy Choo earlier this year, will the retailer follow in Tapestry’s footsteps and change their corporate name as well?
As a reminder, if you feel that something was missed, or if you want a different topic covered, send an email to podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave a rating on iTunes.
Thanks for listening to this week’s episode of Shopping for Stocks!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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