Coach Announces Opening of ‘Coach House’ on Fifth Avenue in New York City
Stuart Weitzman Opens Separate Flagship at Same Location
NEW YORK–(BUSINESS WIRE)–Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York design house of
modern luxury accessories and lifestyle brands, today announced the
opening of its newest flagship in one of the world’s most prestigious
shopping districts at 685 Fifth Avenue in New York City. Timed to
coincide with the brand’s 75th anniversary year, this unique retail
concept marks a defining moment in both the company’s history and brand
transformation.
The 20,000 square foot retail space dedicated to the Coach brand,
designed by Executive Creative Director Stuart Vevers in partnership
with William Sofield, Designer and President of Studio Sofield,
showcases the brand’s distinctive modern luxury positioning.
Specifically, the interior features an impressive blackened steel and
concrete staircase, which creates a sense of discovery while shopping,
as well as a glass enclosed, vintage inspired elevator. Throughout the
three-level flagship is a mix of eclectic and bespoke furniture and
objects, accented by custom-designed cabinetry, warm lighting,
proprietary carpets and fine millwork. Additional architectural elements
include a glass-block facade, expansive windows and a captivating
mechanized conveyor belt installed with a rotation of Coach products.
The center atrium houses a 12-foot sculpture of Coach’s dinosaur, Rexy,
designed by renowned artist Billie Achilleos, and constructed entirely
from Coach bags and proprietary hardware. In addition, a monumental
contemporary sculpture, Scribing the Void, created by Brooklyn
artist Kurt Steger traces the surface of iconic rock formations in
Central Park, and is a nod to Coach’s New York City roots.
Victor Luis, Chief Executive Officer of Coach, Inc. said, “With Coach
House, we are celebrating our New York heritage and 75-year history of
craftsmanship. The flagship features 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. Together with the opening of the adjacent Stuart
Weitzman flagship store, we are bringing two global brands born in New
York City to one iconic location.”
The company is also launching two concepts unique to Coach House
flagships that speak to the brand’s heritage of leather craftsmanship
and innovative design. First, the Made to Order Rogue, which allows
customers to create a bespoke Rogue bag, selecting from nine points of
customization and over one million possible combinations. Second, the
Coach House Workshop – which is the first of its kind – offering
expanded leather and craftsmanship services, including special
monogramming and exclusive vintage product, featuring a resident master
craftsman with nearly 30 years of experience in the New York Workshop at
Coach’s headquarters.
Andre Cohen, President North America and Global Marketing, added, “We
are thrilled to open a true home for the Coach brand on the corner of
Fifth Avenue and 54th Street, an address globally recognized
for fashion. We’re confident that our modern luxury store environment
will be warmly embraced by discerning New York shoppers and
international visitors alike.”
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 information to be made available in this press release may
contain 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,” “can,” “should,” “expect,” “intend,”
“estimate,” “continue,” “project,” “guidance,” “forecast,”
“anticipated,” “moving,” “leveraging,” “targeting,” “assume,” “plan,”
“pursue,” “look forward to,” “on track to return,” “to achieve” 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, the
ability to anticipate consumer preferences, the ability to control costs
and successfully execute our transformation and operational efficiency
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.
Contacts
Coach
Analysts & Media:
Andrea Shaw Resnick, 212-629-2618
Interim
Chief Financial Officer
Global Head of Investor Relations and
Corporate Communications
or
Christina Colone, 212-946-7252
Senior
Director, Investor Relations
