Fire at Coach HQs in NY

Bag Me

O.G.
Jul 26, 2006
544
204
USA
Not sure if anyone posted this...looks like everyone & everything is OK.




Thursday, 24 May 2007
Breaking News: Coach Headquarters Fire
Posted By:Margaret Brennan
Topics:Retail Sales
Sectors:Personal and Household Goods | Retail
Companies:Coach Inc


AP​

The fire that was blazing on 34th Street and 10th Avenue here in Manhattan on Thursday was indeed the same tower that houses the corporate headquarters of Coach Coach Inc (COH)
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[COH 48.66 0.05 (+0.1%) ]cnbc_quoteComponent_init_getData('COH','WSODQ_COMPONENT_COH_ID0EQAAC15839609','WSODQ',true); at 516 W. 34th St. However, the fire was only a rooftop fire and did not start inside the Coach offices.

According to Coach spokesperson Andrea Resnick, the fire was contained to the rooftop, where it was brought under control, and the damage was minimal. All of the company systems are up and fully operational. There were no injuries to Coach employees.

The building does not contain Coach goods; it is only their corporate headquarters. It will be closed tomorrow, but the building was only supposed to be open half a day due to the holiday. The building will be fully operational by Tuesday morning.

I spoke with Coach sources who are also downplaying the damage, as it doesn't affect merchandise. Coach's main edge right now does seem to be their talent (for example, the excellent merchant Reed Krakoff as president), so the corporate headquarters is of course important, but fortunately, none of the executives or employees were affected.
FYI -- the original address of the fire was erroneously reported by other news organizations, which is why we now are confirming details of the blaze that happened midday.
 

kittyrong

Member
May 26, 2007
113
0
Wow... so that was what the smoke was about.... i was in the area... glad that everything was ok....