Fashion giant Coach to change its name - KBJR 6 Your Weather Authority: News, Weather & Sports

Fashion giant Coach to change its name

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Fashion company Coach has announced it is changing its name to "Tapestry."

The change takes effect on Halloween, but the news may have already scared some investors.

Shares of Coach dropped more than two percent after the announcement.

Fans of Coach handbags and wallets needn't worry, the stores and accessories will retain their current branding.

In fact, the company says that for consumers, nothing will change at all.

The new name was mainly prompted by Coach's expanding corporate portfolio, which includes Kate Spade.

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