Coach Names Michael F. Devine III Chief Financial Officer.

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 9, 2001

Coach, Inc. (NYSE: COH), a leading marketer of modern classic American accessories, today announced the appointment of Michael F. Devine, III to Senior Vice President and Chief Financial Officer, effective immediately.

Mr. Devine joins Coach from Mother's Work, Inc., the world's largest maternity apparel retailer and operator of A Pea in the Pod, Mimi Maternity, Motherhood and other chains. At Mother's Work, Mr. Devine was Executive Vice President and Chief Financial Officer, responsible for all financial activities, physical distribution, human resources, legal and worldwide logistics for the $450 million company.

"Mike's talent and strong operational track record make him a valuable addition to the Coach management team at this time," said Keith Monda, Executive Vice President and Chief Operating Officer of Coach, Inc. "Coach has enjoyed a stellar first year as a public company, and we expect that success to continue under Mike's financial stewardship as we expand our presence in the United States and internationally."

"Coach is an outstanding company and brand in excellent financial health, generating substantial free cash flow, and poised for long-term growth. I look forward to contributing to its continued financial momentum," said Mr. Devine.

Before Mother's Work, Mr. Devine was the CFO, Treasurer and Secretary at supply-chain management provider Strategic Distribution, Inc., and held senior financial and operational leadership positions at McMaster Carr Supply Company and Honeywell. He has a BS in Finance and Marketing from Boston College and an MBA from The Wharton School at the University of Pennsylvania.

Mr. Devine replaces Richard Randall, who has left Coach to pursue other opportunities. "Richard Randall played a pivotal role in helping Coach transition into a fully independent public company and we are stronger for it. We wish him every success in the future," said Mr. Monda.

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, outerwear 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," "project," "guidance," "forecast," "anticipated," 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. Our future results 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, currency fluctuations, and other factors. Please refer to the company's Annual Report on Form 10-K for a complete list of risk factors.