Coach Launches Jewelry Collection for Holiday Season.

Business Editors

NEW YORK--(BUSINESS WIRE)--June 26, 2001

Coach, Inc. (NYSE: COH), a leading marketer of modern classic American accessories has announced today that it will launch its first collection of fine sterling silver jewelry for this holiday season. Beginning in November, 2001, the jewelry collection will be available exclusively at Coach retail stores. The new product line introduction is a result of a strategic partnership between Coach and Carolee Designs, Inc.

Classic Coach styling with a clean and modern look characterizes the Coach Jewelry collection, which includes earrings, bracelets and cuffs, necklaces and rings made with Coach's classic signature hardware and design. The collection consists of pure sterling silver and sterling and leather combinations, some with a touch of brass to create a spirited yet distinctly American fashion look. As a complement to Coach's exotic leather collection, select cuff bracelets will also be offered in a variety of colors of genuine crocodile.

"We are thrilled about the new collection. It is the result of a close collaboration between Coach and Carolee, who brings a strong jewelry design sensitivity, merchandising capability and manufacturing expertise to this new venture," said Reed Krakoff, president and executive creative director of Coach. "Our jewelry collection is a true reflection of the overall lifestyle brand image that Coach continues to build."

"We are very excited to be working with Coach, a company synonymous with clarity of design and detail. We believe this new collection brings a distinct point of view to the market place," said Carolee Friedlander, president and CEO of Carolee Designs, Inc.

Carolee Designs, Inc. headquartered in Greenwich, CT., is an internationally recognized jewelry and accessory design company, selling through fine department and specialty stores worldwide. Carolee is considered a trendsetter in both design and marketing in the fashion accessories world. The company continues to grow through product diversification and its keen understanding of the changing needs of women. Carolee can also be accessed through its web site, www.CAROLEE.com, as well as by calling 1-800-CAROLEE.

Coach, with headquarters in New York, is a leading American marketer of fine accessories and gifts for women and men, including handbags, business cases, furniture, luggage and travel accessories, wallets, footwear, watches and related accessories. Coach is sold worldwide through Coach stores, select department stores and specialty stores, through the Coach catalogue in the U.S. by calling 800-262-2411 and through Coach's website at www.Coach.com. Coach's shares are traded on The New York Stock Exchange under the symbol COH.

This press release contains forward-looking statements, based on current expectations, that involve risks and uncertainties that could cause results of Coach, Inc. to differ materially from management's current expectations. These forward-looking statements can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "intend," "estimate," "are positioned to," "continue," or the negative thereof or comparable terminology, including predictions of future results. Future results will vary from historical results and historical growth is not indicative of future trends, which will depend upon expected economic trends, our ability to anticipate consumer preferences for accessories and fashion trends, our ability to control costs, our store expansion and renovation program, and are subject to risks, including currency fluctuations, and other factors. Please refer to the company's most recent Prospectus for a complete list of risk factors.