Tapestry lifts annual revenue forecast on rising demand for luxury handbags, apparel

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(Reuters) – Coach parent Tapestry (NYSE:TPR) Inc raised its full-year revenue forecast on Thursday, as consumers splurge on luxury handbags and apparel in the United States and Europe.

The company forecast fiscal 2022 revenue of about $6.75 billion, compared with its prior estimate of nearly $6.6 billion.