If you are a fashion enthusiast, you might have wondered about the ownership of luxury brands such as Hermes and Coach. One common question that arises is whether Hermes owns Coach or vice versa. In this article, we will delve into the topic and provide you with a comprehensive answer.
Who Owns Hermes?
Hermes is a French luxury brand that was founded in 1837 by Thierry Hermes. The brand first started as a harness workshop that catered to European noblemen.
However, over time, it expanded its offerings to include leather bags, accessories, and ready-to-wear clothing. Today, Hermes is one of the most iconic luxury brands globally known for its craftsmanship and timeless designs.
The answer to whether Hermes owns Coach is a straightforward no. Hermes is an independent company that has been family-owned for five generations. Despite being publically traded on the Paris Stock Exchange since 1993, the company’s majority shares are still held by members of the founding family.
Who Owns Coach?
Coach, on the other hand, is an American luxury brand that was founded in 1941 by Miles Cahn and his wife Lillian. Initially called Gail Leather Products, it later changed its name to Coach in 1961 after being purchased by Sara Lee Corporation.
In 2015, Coach underwent significant changes when it hired former Louis Vuitton executive Stuart Vevers as creative director. Under his leadership, the brand shifted its focus from logo-centric designs to more modern and versatile products.
In recent years, Coach has acquired several other fashion brands such as Kate Spade and Stuart Weitzman to expand its offerings further.
The Bottom Line
To sum it up: no, Hermes does not own Coach or vice versa. These two iconic luxury brands operate independently and have distinct histories and styles.
While both brands are known for their high-quality products and exquisite designs, they cater to different audiences and offer unique experiences. Hermes is known for its exclusive and custom-made pieces, while Coach has a broader customer base that includes both affordable and high-end products.
In conclusion, knowing the ownership of luxury brands is essential as it can help you understand their history, values, and product offerings. However, when it comes to Hermes and Coach, they are two separate entities that continue to thrive on their own.
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