Tapestry, owner of Coach and Kate Spade, expects roughly 70% of its growth over the next few years to come from international markets, focused on China and Europe. CEO Joanne Crevoiserat said China — around 15% of the US company's revenue — offers significant potential among younger consumers, with double-digit sales growth for two consecutive years despite a weak handbag market. Tapestry aims to become a first luxury bag purchase to build brand loyalty. In Europe, around 6% of sales, focus has shifted from tourist-driven demand to younger local customers. Crevoiserat said the company is focused on organic growth, with no M&A planned.

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