Luxury group Tapestry has reported revenues of just over $1.5 billion for the first quarter of its current business year.

This represents an increase of 2% year on year and group chief executive, Joanne Crevoiserat, hailed it as a record for the first quarter. The figures relate to Coach, Kate Spade and Stuart Weitzman only. Tapestry expects to complete its acquisition of Capri Holdings in 2024.

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