Coach to Open ‘Coach House’ on Fifth Avenue in New York City
February 02 2016 - 9:30AM
Business Wire
Stuart Weitzman Will Also Open Separate
Flagship at Same Location
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160202006028/en/
CoachAnalysts & Media:Andrea Shaw Resnick,
212-629-2618Global Head of Investor Relations and Corporate
CommunicationsorChristina Colone, 212-946-7252Director, Investor
Relations
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