Stuart Weitzman Will Also Open Separate Flagship at Same Location
NEW YORK--(BUSINESS WIRE)--Feb. 2, 2016--
Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York design house of
modern luxury accessories and lifestyle brands, today announced the
opening of a Fifth Avenue flagship, timed to coincide with the brand’s 75th
Anniversary. The store will be located at 685 Fifth Avenue in New York
City, in one of the world’s most prestigious shopping districts, and is
expected to open this fall.
Victor Luis, Chief Executive Officer of Coach, Inc., said, “Our
intention is to create a true ‘Coach House’, celebrating Coach’s
heritage and history of craftsmanship. With a bespoke façade and modern
luxury interior, it will provide an appropriate showcase for the full
expression of our women’s and men’s Collections including bags, small
leather goods, footwear, and ready-to-wear, in addition to offering a
full range of customization and leather services. We will also be
opening a separate adjacent Stuart Weitzman flagship store, bringing the
two brands’ stores to one iconic location.”
The retail space dedicated to the Coach brand – about 20,000 square feet
- will be designed by Executive Creative Director Stuart Vevers in
partnership with William Sofield, Designer and President of Studio
Sofield. It will feature an interior that has a distinctive New York
City attitude with the latest modern luxury evolution of Coach’s design
and positioning. It will include a unique shopping salon and
Craftsmanship Bar. An impressive blackened steel and mahogany staircase
will be a key element for the store, inviting the customer in and
creating a sense of discovery while shopping. Warm lighting, proprietary
carpets, and fine millwork will accent each room and emphasize a
contrast of materials and expressions essential to the modern luxury
design of the new Coach stores. Throughout the three-level flagship will
be a mix of custom-designed cabinetry with vintage and bespoke furniture
and objects.
Andre Cohen, President, North America for Coach, said, “We're especially
excited about the expected opening of this prominent New York location,
a true House for the Coach brand in this important global fashion
capital. We're confident that our new modern luxury store environment,
showcasing Coach's rich heritage and commitment to craftsmanship along
with product designed by Stuart Vevers, will be warmly embraced by the
discerning New York shopper and international visitors alike."
Stuart Weitzman, Chairman of Stuart Weitzman, added, “We are very
excited to have a true window to the world for our brand on Fifth
Avenue, an address that is globally synonymous with fashion and luxury.”
Coach, Inc. is a leading New York design house of modern luxury
accessories and lifestyle brands. The Coach brand was established in New
York City in 1941, and has a rich heritage of pairing exceptional
leathers and materials with innovative design. Coach is sold worldwide
through Coach stores, select department stores and specialty stores, and
through Coach’s website at www.coach.com.
In 2015, Coach acquired Stuart Weitzman, a global leader in designer
footwear, sold in more than 70 countries and through its website at www.stuartweitzman.com.
Coach, Inc.’s common stock is traded on the New York Stock Exchange
under the symbol COH and Coach’s Hong Kong Depositary Receipts are
traded on The Stock Exchange of Hong Kong Limited under the symbol 6388.
Neither the Hong Kong Depositary Receipts nor the Hong Kong
Depositary Shares evidenced thereby have been or will be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States or to, or for
the account of, a U.S. Person (within the meaning of Regulation S under
the Securities Act), absent registration or an applicable exemption from
the registration requirements. Hedging transactions involving these
securities may not be conducted unless in compliance with the Securities
Act.
This press release contains forward-looking statements based on
management's current expectations. Forward-looking statements include,
but are not limited to, statements that can be identified by the use of
forward-looking terminology such as "may," "will," “to open,” “to be,”
“to create,” “to offer,” “can,” "should," "expect," "intend,"
"estimate," "continue," "project," "forecast," "anticipated," “moving,”
“leveraging,” “targeting,” or comparable terms. Future results may
differ materially from management's current expectations, based upon a
number of important factors, including risks and uncertainties such as
expected economic trends, construction delays, the ability to anticipate
consumer preferences, the ability to control costs and successfully
execute our transformation initiatives and growth strategies and our
ability to achieve intended benefits, cost savings and synergies from
acquisitions, etc. Please refer to Coach Inc.’s latest Annual Report on
Form 10-K and its other filings with the Securities and Exchange
Commission for a complete list of risks and important factors.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160202006028/en/
Source: Coach, Inc.
Coach
Analysts & Media:
Andrea Shaw Resnick, 212-629-2618
Global
Head of Investor Relations and Corporate Communications
or
Christina
Colone, 212-946-7252
Director, Investor Relations
