Handbag company Coach is making a couple of changes, including the name of their products. On Wednesday, the company announced their new name will be Tapestry, Inc. The 76-year old company also serves as home to Kate Spade and Stuart Weitzman.
This news didn’t hold well with many of the company’s supporters; some claimed the name doesn’t identify with leather handbags at all. In addition to the 2 percent decrease in company shares after the announcement, folks took to Twitter to express their disdain with the news.
While the Manhattan-based company is changing it’s name, the “Coach” label on the handbags will remain. The official name change will go into effect October 31st.
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