NEW YORK, United States — Affordable luxury leather goods giant Coach implemented significant redundancies yesterday, eliminating more than 150 jobs. The New York-based company confirmed the job losses in an email statement provided to BoF.
“During our analyst and investor conference in June we unveiled a comprehensive long-term strategic plan to reinvigorate our business. To that end, we’ve announced certain restructuring actions to align our resources for maximum impact while effectively managing our expense ratio. These include a reduction in corporate staffing levels globally, with the elimination of over 150 jobs.”