Nowadays luxury is a privilege, and luxury brands were created for one purpose, to cater to the wants of the rich and fruitful, but have you ever thought about what are the most expensive coach purses in the market? Be it Ferrari or Porsche in the car department, Rolex or Rado in the watches department or Hermes or Coach in the handbags department, these brands exist to provide an exclusive experience.
Coach, Inc. is a multinational luxury fashion company based in New York City. The company is known for accessories and gifts for women and men, including handbags, men’s bags, women’s and men’s small leather goods. Would you ever pay for a purse paltry 995 dollars? That is the price of Coach Ocelot Haircalf Duffle Bag. Or for example 978 dollars for Coach Sophia Tote? The prices of these bags are not so good for your pocket or monthly budget. The quality of these bags justifies their high prices. Coach was founded in 1941, as a family-run workshop in a loft on 34th Street in Manhattan, with six leatherworkers who made wallets and billfolds by hand. In 1946, Miles Cahn and his wife Lillian joined the company. Miles and Lillian Cahn were owners of a leather handbag manufacturing business and were knowledgeable about leatherworks and corporations. In 1961, Cahn hired Bonnie Cashin, a sportswear pioneer, to design bags for Coach. Cashin instituted the inclusion of side pockets, coin purses, and brighter colors. As of 2013, there were approximately 1,000 Coach stores in North America. Coach has also built a significant presence in the U.S. through Coach boutiques located within select department stores and specialty retailer locations. Today, Coach’s corporate headquarters remain in mid-town Manhattan on 34th Street, in the place of their former factory lofts. In August 2016, the company finalized the sale and leaseback of its office condo portion of 10 Hudson Yards – its headquarters. Coach received $707 million before transaction costs. One of the famous brands in the world today holds the position as one of the most exclusive manufacturers of the bag in the world.
If you want to see what are the most expensive Coach purses in the market, check Insider Monkey’s list of 10 Most Expensive Coach Purses in the Market and find out more about this interesting topic.
