Not exactly. Coach, Inc. bought Kate Spade & Company in July 2017 and renamed itself Tapestry, Inc. a few months later. So today Coach and Kate Spade are sister brands owned by the same parent, Tapestry. The Coach brand itself does not own Kate Spade.
This guide covers who owns what in 2026, what happened to Stuart Weitzman, why the planned Tapestry and Michael Kors (Capri) merger was blocked, and what all of this means when you shop for a bag: quality, outlets and price.
Who owns Kate Spade in 2026?
Kate Spade New York is owned by Tapestry, Inc., a US company listed on the New York Stock Exchange under the ticker TPR. Tapestry’s annual report for the fiscal year that ended on 27 June 2026 describes the company as “a global house of iconic accessories and lifestyle brands uniting the magic of Coach and kate spade new york.” Tapestry’s own brands page also lists exactly two brands: Coach and Kate Spade New York.
Here is how it got there:
- 2015: Coach, Inc. bought the shoe brand Stuart Weitzman.
- 11 July 2017: Coach, Inc. completed its purchase of Kate Spade & Company for USD 18.50 per share in cash, about USD 2.4 billion in total. Kate Spade became a wholly owned subsidiary and left the New York Stock Exchange.
- 31 October 2017: Coach, Inc. changed its corporate name to Tapestry, Inc. and its ticker from COH to TPR. The new name was meant to show a group of several brands, not one.
- 4 August 2025: Tapestry completed the sale of Stuart Weitzman to Caleres, a footwear company.
So if you read older articles that say Tapestry owns “Coach, Kate Spade and Stuart Weitzman”, they are out of date. Since August 2025 it is just Coach and Kate Spade.
Does Coach run Kate Spade day to day?
The two are run as separate brands with their own designs, stores and websites. When the deal was announced in 2017, Coach said it would preserve Kate Spade’s brand independence while using Coach’s retail and supply chain experience to help it grow.
Behind the scenes they do share parts of the group. One clear example: the Terms of Use on katespadeoutlet.com say the site “is operated by coach services, inc. on behalf of the kate spade new york brand” and that Kate Spade is “part of the tapestry, inc. brands.” Kate Spade gift cards, on the other hand, are listed as redeemable at katespade.com, katespadeoutlet.com and Kate Spade specialty and outlet shops in the US, with no mention of Coach stores.
Tapestry and Michael Kors: the merger that never happened
In August 2023, Tapestry agreed to buy Capri Holdings, the owner of Michael Kors, Versace and Jimmy Choo, for about USD 8.5 billion. If it had gone through, Coach, Kate Spade and Michael Kors would all have sat under one company.
- In April 2024 the US Federal Trade Commission (FTC) sued to block the deal. It argued that the merger would reduce competition in “accessible luxury” handbags: bags with quality leather and craftsmanship at a price below true luxury houses.
- On 24 October 2024 a federal court in the Southern District of New York granted a preliminary injunction that stopped the deal. The court accepted the FTC’s “accessible luxury” handbag market.
- On 14 November 2024 Tapestry and Capri ended the merger. They said they were unlikely to win approval before the deal’s 10 February 2025 deadline.
Since then Capri has sold Versace to Prada (completed on 2 December 2025). Capri’s website now lists two brands: Michael Kors and Jimmy Choo. Michael Kors is not owned by Tapestry and is not a sister brand of Coach or Kate Spade.
Coach and Kate Spade: same parent (Tapestry). Michael Kors: a different company (Capri Holdings). Stuart Weitzman: sold to Caleres in 2025.
What it means for you as a shopper
Quality
Both brands are made by independent manufacturers, not factories Tapestry owns. Tapestry’s fiscal 2026 annual report says Coach products were made mainly in Vietnam, Cambodia, the Philippines and India, and Kate Spade products mainly in Vietnam, Cambodia, the Philippines and Bangladesh. Every supplier must follow Tapestry’s Supplier Code of Conduct, and quality is checked through on-site inspections. So a Kate Spade bag and a Coach bag come out of the same group rules, but each brand has its own designs and collections.
Outlets
Both brands run official outlet stores and outlet websites. Kate Spade’s is katespadeoutlet.com. Coach’s outlet now lives inside coach.com: when we checked on 13 November 2026, coachoutlet.com redirected to coach.com/shop/outlet. Both outlet channels are run by Tapestry companies, so outlet items from either brand are genuine. Outlet sites carry their own ranges and prices (Kate Spade Outlet even has online-only styles), so compare the exact style, not just the brand name.
Pricing
Because the Capri deal was blocked, Coach and Kate Spade still compete with Michael Kors on price, discounts and promotions. For shoppers, that competition is a good thing: all three keep running their own sales.
If you are deciding between the two sister brands, our Kate Spade vs Coach comparison goes through styles and use cases. You can also browse current US listings on our Coach and Kate Spade pages, with Preorder from the USA (50% deposit, about 30 days) and free shipping within Peninsular Malaysia.
See Amaboxly first when you search Google
Sources
- Tapestry: Our Brands (accessed 13 Nov 2026)
- SEC: Tapestry, Inc. Form 10-K for fiscal year ended 27 June 2026 (filed 13 Aug 2026)
- FashionUnited: Coach completes tender offer to take over Kate Spade (11 Jul 2017)
- SEC: court filing quoting Coach, Inc.’s 8 May 2017 announcement on acquiring Kate Spade & Company (filed 2 Jun 2017)
- SEC: Coach, Inc. to change name to Tapestry, Inc. (11 Oct 2017)
- Retail Dive: Tapestry completes sale of Stuart Weitzman to Caleres (Aug 2025)
- Skadden: FTC Blocks Tapestry/Capri “Affordable Luxury” Deal (Nov 2024)
- Retail TouchPoints: Capri, Tapestry pull plug on merger (Nov 2024)
- FashionUnited: Prada completes acquisition of Versace (2 Dec 2025)
- Capri Holdings: Our brands (accessed 13 Nov 2026)
- Kate Spade Outlet: Terms of Use (updated 29 Oct 2026)
- Kate Spade Outlet: Outlet FAQ, gift cards (accessed 13 Nov 2026)
