Tapestry Inc, the United States-based luxury goods group and the parent company of Coach, Stuart Weitzman and Kate Spade, plans to open 60 more stores in China by the end of 2025, according to a senior executive.

一位高管表示，总部位于美国的奢侈品集团Tapestry Inc，也是Coach、Stuart Weitzman和Kate Spade的母公司，计划到2025年底在中国再开设60家门店。

McDonald's Corp and Starbucks Corp are opening hundreds of new restaurants; retailers Ralph Lauren Corp and Tapestry Inc, the owner of the Coach and Kate Spade brands, are launching new stores; and Tyson Foods Inc and Hormel Foods Corp are opening new facilities, the journal said.

麦当劳（McDonald’s Corp）和星巴克（Starbucks Corp）正在开设数百家新餐厅；零售商Ralph Lauren Corp和Coach和Kate Spade品牌的所有者Tapestry Inc正在开设新店；该杂志称，泰森食品公司和霍梅尔食品公司正在开设新的工厂。

The three brands under Tapestry – Coach, Kate Spade and Stuart Weitzman – have more than 350 stores in China.

Tapestry旗下的三个品牌——Coach、Kate Spade和Stuart Weitzman——在中国拥有350多家门店。

"As one of the world's largest consumer markets, we see sufficient resilience and great potential in the Chinese economy, bringing tremendous opportunities for global development, as well as our brands," said Yann Bozec, president of Tapestry Asia-Pacific, the parent company of US brands such as Coach, Kate Spade and Stuart Weitzman.

“作为世界上最大的消费市场之一，我们看到中国经济有足够的韧性和巨大的潜力，为全球发展和我们的品牌带来了巨大的机遇，”Tapestry亚太区总裁Yann Bozec说。Tapestry是Coach、Kate Spade和Stuart Weitzman等美国品牌的母公司。

Attracted by the rising consumption power of middle-income earners and the rapid development and huge potential of second, third and fourth-tier cities, he said Coach, a brand owned by Tapestry, the parent company of Kate Spade and Stuart Weitzman, will increase the investment in various regional markets across China and have better interactions with consumers there to further raise brand popularity.

Thanks to e-commerce and a robust Chinese market, Tapestry, the parent company of Coach, Kate Spade and Stuart Weitzman, said its performance was better than expected for the last three months in 2020 as of Dec 26, in the second quarter performance report of its 2021 fiscal year, the Beijing News reported on Friday.

He said that Tapestry Group — a United States-based luxury goods company that is also the parent firm of Coach, Stuart Weitzman and Kate Spade — is currently preparing for the 6th China International Import Expo.

Tapestry, Inc, a New York-based company in possession of such famous brands as Coach, Kate Spade and Stuart Weitzman, decided to base its China travel retail headquarters in Haikou in 2022 after participating in the first CICPE.

After establishing its China travel retail headquarters in Haikou, capital of Hainan province, in 2022, Tapestry Inc — a New York-based company that owns the Coach, Kate Spade and Stuart Weitzman brands — plans to open more than 10 new retail and duty-free stores in the province over the next three years, according to Charlie Hou, senior director of travel retail at Tapestry (Hainan) Group Co Ltd.

Meanwhile, US luxury fashion company Tapestry, the parent of Coach, Stuart Weitzman and Kate Spade brands, and a three-time participant at the expo, said it has established its travel retail headquarters for the China market in Hainan.

Bozec, who has lived in Shanghai for 15 years and manages sales for more than 360 stores owned by the group's brands such as Coach and Kate Spade, said that as most Chinese customers are digitally connected, his company needs to adapt to changing trends in the country.

This has attracted our interest and encouraged us to invest more in this fast-growing market," said Yann Bozec, president for the Asia-Pacific of Tapestry, which owns a number of US fashion brands, including Coach and Kate Spade.

Tapestry Group, which owns a number of US fashion brands, including Coach and Kate Spade, opened its travel retail headquarters for China at the Hainan Free Trade Port in Haikou, Hainan province, last month.

Yann Bozec, president for Asia-Pacific of the US-based Tapestry Group, the parent company of US luxury and fashion brands, Coach, Kate Spade and Stuart Weitzman, said with the new government policy now in place, the company will look forward to working with more partners in the growing market, thus jointly promoting the consumption upgrade and creating more value in the area of retail service.

Yann Bozec, president of Asia-Pacific at United States-based Tapestry Group, said its brands－Coach, Kate Spade and Stuart Weitzman－will showcase their latest collections and deliver a seamless and digital "store-to-booth "experience in the company's 300-sq m space at the expo.

"The expo is an ideal platform for global high-end brands to enter both Hainan and the whole Chinese market, learn about the preferential policies of the Hainan FTP and connect with Chinese buyers, said Yann Bozec, president of Tapestry Asia Pacific, which will participate in the expo with the latest Coach, Kate Spade and Stuart Weiztman products.

Yann Bozec, president of Asia Pacific at Tapestry Group, said brands including Coach and Kate Spade will showcase their latest collections and deliver a seamless and digital "store-to-booth" experience in the company's 300-square-meter space at the expo.

"Yann Bozec, president of Tapestry Asia Pacific, said the company showcased six brands, including Coach and Kate Spade, during the past two editions, and received a "very positive" response after its products were officially launched into the market.

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