Coach NNN Properties for Sale
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Coach flagship store on Fifth Avenue, Manhattan | |
| Type | Subsidiary |
|---|---|
| Industry | Fashion |
| Founded | 1941 in New York City, U.S. |
| Founders | Lillian Cahn Miles Cahn[1] |
| Headquarters | 516 W 34th St, New York, NY 10001 USA
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Number of locations | 986 stores[2] |
Area served | Worldwide |
Key people | Todd Kahn (CEO) Stuart Vevers (creative director)[3] |
| Products |
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| Parent | Tapestry, Inc. |
| Website | coach.com |
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COACH INC. – Defining “Accessible Luxury”, offering a welcome investment opportunity
“TO BECOME THE COMPANY THAT DEFINES GLOBAL MODERN LUXURY.” – is the vision with which Coach Inc. operates, keeping in mind the importance of authenticity, innovation and relevance. The company aims to redefine luxury in a way to celebrate individuality as well as blending in the history and heritage to create fashion that is more meaningful than just expressing status. Its headquarter is located in Manhattan.
What they offer?
Coach Inc. is a multinational company that offers luxury fashion accessories for both men and women across five continents through their over 1000 stores and distributor partners. There are accessories and gifting options ranging from leather handbags and men’s bags, small leather goods to jewelry, fragrance, scarves, sun wear, outer wear, footwears, watches and other travel accessories.
Making their presence known
This New York Company has created a multi-channel network to enable the seamless distribution of luxury across the planet. While North America alone has 425 Coach Inc. stores, there are present in 520 locations in Asia and about 40 places in Europe. Along with these directly operated stores, they have strengthened their presence by placing Coach Boutiques strategically in select departmental stores and retailer locations throughout North America and Europe. Additionally, there are distributor – operated outlets in across Asia, Latin America, Middle East as well as Australia.
That is not all! To ensure that they are reaching maximum customers, the company also has e-commerce sites with a host of countries like the United States, United Kingdom, Canada, Japan, Mainland China, and South Korea among others.
In the financial light
Coach Inc. is a publicly traded company and is listed on the New York Stock Exchange with the symbol COH. It also has a Hong Kong Depositary Receipts with the symbol 6388 that is listed on The Stock Exchange of Hong Kong Limited.
Looking back
It all started as a family-run shop in a loft in Manhattan, where six leather workers came together to create handmade wallets and billfolds in the year 1941.
1946 was a turning point when Miles Cahn and his wife Lillian joined this unit. Trying to reproduce the properties of a baseball glove and added dyes, Cahn came up with a process to make leather items which are stronger but soft and flexible. At Lilian’s suggestion, the company added ladies handbags to the existing men’s accessories, and it proved to be a hit.
1961 saw the couple, Miles Cahn and Lillian buy out the company.
1961 – A sportswear pioneer, Bonnie Cashin was hired to design handbags, and eventually she added shoes, pens, key fobs and eyewear to the creations.
1985 saw another milestone in the Coach Inc. when the subsidiary Coach Leather ware was sold to Sara Lee Corporation for about $30 million and Lew Frankfort as the new president.
2013 1000 directly operated stores and a sales number of $5 billion
2015 Coach buys Stuart Weitzman for about $ 574 million and launches ‘Coach 1941’ – a higher priced line of products.
2016 Coach Inc. celebrates 75th anniversary.
Financial analysis
Coach Inc. is listed on The New York Stock Exchange and is currently trading at a price of about $35. The stock has a P/E ratio of 20.35 while the EPS is 1.73. As on Oct 2016, the total revenues stand at a 1037.6 million and total assets of 4584.60 million.
The institutional ownership of 88.68%, which has a total value of 8,736,508,416 on the most recent 13F filings. The top five holders are Vanguard Group, Inc, Price T Rowe Associates, Inc/Md, Dodge & Cox, Fmr LLC, American International Group Inc.
The Fundamentals of the company are strong to enable medium or long term investment in the stock market.
Coach Ground Lease Property or Coach NNN Properties for Sale: