TPR Tapestry Inc

Coach Inc. (NYSE:COH), a leading marketer of modern classic American accessories, today announced plans to enter the Russian market through an arrangement with Jamilco, a domestic distributor with significant luxury brand experience. The company expects to open at least 15 locations in Russia over a five year period, initially concentrating development in Moscow and St. Petersburg. The first free-standing Coach store is expected to open in April 2008 and will be located at the Seasons Kutuzovsky shopping center in central Moscow. The company also expects to open in the GUM development on Red Square in the fall of this year. �Russians are fast becoming important consumers of luxury accessories, both domestically and in key travel retail markets such as the Middle East, where Coach has established a retail presence with 10 locations. Opening in Russia is part of our strategy to capitalize on the increasing popularity of the brand with emerging luxury consumers globally,� said Ian Bickley, President, Coach International. The Seasons Kutuzovsky location is being designed by Reed Krakoff, Executive Creative Director, with the Coach Architecture Group. The material palette used reflects Coach's signature style, with a stainless steel storefront, Venetian plaster walls, polished stainless details, white maple fixtures, and Calacatta white marble flooring. The store will occupy 1,500 square feet (approximately 140 square meters) and will feature an assortment of Coach�s products, including handbags, small leather goods, outerwear, sunwear, and travel accessories. Coach, with headquarters in New York, is a leading American marketer of fine accessories and gifts for women and men, including handbags, women's and men's small leathergoods, business cases, weekend and travel accessories, footwear, watches, outerwear, scarves, sunwear, jewelry, fragrance and related accessories. Coach shares are traded on The New York Stock Exchange under the symbol COH. This press release contains forward-looking statements based on management's current expectations. These statements can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "intend," "estimate," "are positioned to," "continue," "project," "guidance," "forecast," "anticipated," or comparable terms. Future results may differ materially from management's current expectations, based upon risks and uncertainties such as expected economic trends, the ability to anticipate consumer preferences, the ability to control costs, etc. Please refer to Coach�s latest Annual Report on Form 10-K for a complete list of risk factors.