SHARE

Tapestry lower full-year guidance

Impacted by new Covid-19 outbreaks and stringent lockdowns in China, Coach owner Tapestry has cut its annual sales forecast. The fashion brand expects revenue of $6.5bn to $6.6bn for fiscal 2023, down from $6.9bn predicted earlier.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.