NEW YORK--(BUSINESS WIRE)--Mar. 4, 2015--
Coach, Inc. (NYSE:COH)(SEHK:6388), a leading New York design house of
modern luxury accessories and lifestyle collections, today announced the
opening of its first flagship store in Paris, timed to coincide with the
brand’s 75th Anniversary. The store is located at 372-374 Rue
Saint-Honoré, in one of the city’s most prestigious shopping districts,
and is expected to open this fall.
Ian Bickley, President, International Group for Coach, said, “We're
especially excited about the opening of this prominent Paris location,
our first flagship in this important global fashion capital, and
centerpiece of our European growth strategy. 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 Parisian consumer and
international visitors alike."
The 6,500 square foot retail space designed by Creative Director Stuart
Vevers in partnership with William Sofield, Designer and President of
Studio Sofield features 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 VIP shopping salon and monogram
shop. An impressive central blackened steel and mahogany staircase will
be a centerpiece for the store, inviting the customer in and creating a
sense of discovery while shopping. Warm lighting, hand tufted carpets,
and fine millwork accent each room and emphasize a contrast of materials
and expressions essential to the Modern Luxury design of the new Coach
stores. Throughout the two level flagship is a mix of custom-designed
cabinetry with vintage and bespoke furniture and objects.
Nigel Darwin, President of Coach Europe, said, “The opening of our first
flagship store in Paris is a pivotal moment for our development across
Europe and demonstrative of our increased relevance in the fashion
arena. To support this launch we will be developing a comprehensive
advertising campaign which will be part of a large-scale global launch
with integrated print and outdoor advertising and exclusive products.”
The Rue Saint-Honoré location will feature a complete collection of both
men’s and women’s Coach product including ready-to-wear, shoes, sunwear,
jewelry, watches and fragrance.
Coach, established in New York City in 1941, is a leading design house
of modern luxury accessories and lifestyle collections with 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.
Coach’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. These statements can be identified by
the use of forward-looking terminology such as "may," "will," “plan,”
"should," “believe,” “next,” “to open,” “develop,” "expect,"
“confident,” “trends,” “further evolve,” “forward,” “future,” "intend,"
"estimate," "on track," "are positioned to," “on course,” “opportunity,”
"continue," "project," "guidance," “target,” "forecast," "anticipated,"
or comparable terms. Future results may differ materially from
management's current expectations, based upon risks and uncertainties
such as expected economic trends, the ability to anticipate consumer
preferences, the ability to control costs, etc. Please refer to Coach’s
latest Annual Report on Form 10-K, our Quarterly Report on Form 10-Q for
the quarterly period ended December 27, 2014, and our other filings with
the Securities and Exchange Commission for a complete list of risk
factors.
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
