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» » Tapestry Lifts Forecast as Coach Bags Defy US Luxury Gloom

Thursday, May 11, 2023

Tapestry Lifts Forecast as Coach Bags Defy US Luxury Gloom

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Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases, strong demand for its Coach handbags and a sharp rebound in China would shield it from a wider slowdown in US luxury purchases.
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