Tapestry Eyes International Markets for 70% of Growth
Tapestry CEO Joanne Crevoiserat announced that the Coach owner expects international markets to drive seventy percent of its growth over the next few years. The company plans to increase investments in China and shift its European strategy to target younger local consumers.
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TAPESTRY INC expects 70% of its growth over the next few years to come from international markets, specifically China and Europe. The United States-based company currently generates 15% of its revenue from China and 6% from European markets. Tapestry CEO Joanne Crevoiserat said international penetration remains low compared to domestic levels.
