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(Reuters) – Coach handbag maker Tapestry (NYSE:TPR) Inc raised its annual sales forecast on Thursday, boosted by a strong rebound in demand for luxury goods even as global supply chain bottlenecks threaten to create a shortage of products.
The company, which also owns Kate Spade, forecast 2022 revenue of nearly $6.6 billion, compared with a previous forecast of about $6.4 billion.
