Coronavirus could cost Coach owner Tapestry $250M
![](https://static.foxbusiness.com/foxbusiness.com/content/uploads/2018/02/coach-outlet-ap.jpg)
Coach handbag maker Tapestry Inc cut its annual profit forecast on Thursday, warning of a sales hit of up to $250 million due to the coronavirus outbreak in China, where it has closed a majority of its stores.
via FOX BUSINESS NEWS Markets
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