Sales jump 35% at Coach parent company

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The parent company of luxury retailer Coach has posted a 35 per cent jump in quarterly net sales, boosted by rising sales across its brands and the recent acquisition of Kate Spade. Tapestry, the US-based owner of Coach, Stuart Weitzman and now Kate Spade, raked in net sales of $1.79 billion (£1.28 billion) for its second quarter, compared to $1.32 billion  in the prior year. READ MORE: Coach Inc to be rebranded as Tapestry Inc Gross profit for the period also came in at $1.18 billion (£846 million) on a reported basis, but Tapestry did not provide a comparative figure for the same period the year before

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Sales jump 35% at Coach parent company

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