NEW YORK--(BUSINESS WIRE)--Coach, Inc. (NYSE:COH)(SEHK:6388), a leading New York design house of modern luxury accessories and lifestyle collections, today announced the opening of its first flagship store in Paris, timed to coincide with the brand’s 75th Anniversary. The store is located at 372-374 Rue Saint-Honoré, in one of the city’s most prestigious shopping districts, and is expected to open this fall.
Ian Bickley, President, International Group for Coach, said, “We're especially excited about the opening of this prominent Paris location, our first flagship in this important global fashion capital, and centerpiece of our European growth strategy. We're confident that our new Modern Luxury store environment, showcasing Coach's rich heritage and commitment to craftsmanship along with product designed by Stuart Vevers, will be warmly embraced by the discerning Parisian consumer and international visitors alike."
The 6,500 square foot retail space designed by Creative Director Stuart Vevers in partnership with William Sofield, Designer and President of Studio Sofield features an interior that has a distinctive New York City attitude with the latest modern luxury evolution of Coach’s design and positioning. It will include a unique VIP shopping salon and monogram shop. An impressive central blackened steel and mahogany staircase will be a centerpiece for the store, inviting the customer in and creating a sense of discovery while shopping. Warm lighting, hand tufted carpets, and fine millwork accent each room and emphasize a contrast of materials and expressions essential to the Modern Luxury design of the new Coach stores. Throughout the two level flagship is a mix of custom-designed cabinetry with vintage and bespoke furniture and objects.
Nigel Darwin, President of Coach Europe, said, “The opening of our first flagship store in Paris is a pivotal moment for our development across Europe and demonstrative of our increased relevance in the fashion arena. To support this launch we will be developing a comprehensive advertising campaign which will be part of a large-scale global launch with integrated print and outdoor advertising and exclusive products.”
The Rue Saint-Honoré location will feature a complete collection of both men’s and women’s Coach product including ready-to-wear, shoes, sunwear, jewelry, watches and fragrance.
Coach, established in New York City in 1941, is a leading design house of modern luxury accessories and lifestyle collections with 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. Coach’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 press release contains forward-looking statements based on management's current expectations. These statements can be identified by the use of forward-looking terminology such as "may," "will," “plan,” "should," “believe,” “next,” “to open,” “develop,” "expect," “confident,” “trends,” “further evolve,” “forward,” “future,” "intend," "estimate," "on track," "are positioned to," “on course,” “opportunity,” "continue," "project," "guidance," “target,” "forecast," "anticipated," or comparable terms. Future results may differ materially from management's current expectations, based upon risks and uncertainties such as expected economic trends, the ability to anticipate consumer preferences, the ability to control costs, etc. Please refer to Coach’s latest Annual Report on Form 10-K, our Quarterly Report on Form 10-Q for the quarterly period ended December 27, 2014, and our other filings with the Securities and Exchange Commission for a complete list of risk factors.