The following video is from Friday's Investor Beat, in which host Chris Hill, and analysts Jason Moser and James Early dissect the hardest-hitting investing stories of the day.
Yesterday, Coach (NYSE:TPR) announced that longtime CEO and Chairman Lew Frankfort will be stepping down in 2014. Frankfort first joined the company in 1979 when Coach did just $6M in sales. Today, the company is worth more than $13B. In this installment of Investor Beat, our analysts discuss the future of Coach.
The relevant video segment can be found between 0:15 and 2:36.
James Early has no position in any stocks mentioned. Chris Hill has no position in any stocks mentioned. Jason Moser has no position in any stocks mentioned. The Motley Fool recommends Coach. The Motley Fool owns shares of Coach. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Tapestry Confirms Its Holiday Outlook Despite a Sales Decline at Coach
The addition of the Kate Spade franchise boosted revenue but pushed profitability lower in the quarter.
Why Does the Market Dislike Coach's Name Change?
The affordable luxury handbag brand will keep its identity, but its growing stable will exist under the Tapestry umbrella.
Coach Pursues Fashion Empire With Tapestry Rebranding
The iconic handbag maker is making corporate branding changes to reflect its evolving business. Has the investing story changed?