Retail in Asia

In Sectors

The Coach driver’s exciting journey

For the first 45 years of its existence, handbags and accessories maker Coach only sold its products in the United States. But the New York-listed company, which started as a small family-owned business in 1941, has since become more aggressive in expanding its international operations.

It posted revenue of USD4.16 billion in its fiscal year ended 2 July, opened its first European flagship store in London last September, and became the first US-incorporated company to list on the Hong Kong stock exchange in December.

Chairman and chief executive Lew Frankfort expects the dual-listing strategy to help "raise awareness of the Coach brand among investors and consumers in the China market", which includes mainland China, Hong Kong, Macau and Taiwan.

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(Source: scmp.com)