CNN -- Coach began life in 1941 as a family-run workshop in a Manhattan loft with six craftsmen creating leather bags.
In the 1990's Coach emerged as the U.S.'s premier accessories company and in 2006 had net sales over $2 billion.
Coach now has over 200 stores in the U.S. and 110 in Japan and has a presence in more than 21 countries.
In the third fiscal quarter of this year Coach's net sales grew by 30 percent to $625 million compared to $480 million for the equivalent period last year.
Coach was bought by the Sara Lee Corporation in 1985 and divested Coach when it sold 19.5 percent of its shares in 2000.
Coach headquarters are still located in mid-town Manhattan which was formerly a Coach manufacturing facility.
Japan accounts for 20 percent of Coach's annual sales; the USA 75 percent.
In he USA, Coach's share of the premium accessories market rose from 16 percent in 2000 to 25 percent in 2005. E-mail to a friend