In February 2013, Coach named Victor Luis president and chief commercial officer and announced that he would turn out to be a chief executive officer in January 2014, with Lew Frankfort continuing as executive chairman. In 2013, Coach generated $five billion in sales and operated around 1,000 directly operated areas globally, which includes North America, Japan, China, Singapore, Taiwan, Malaysia, Korea, and Europe. Coach was founded in 1941 as a family members-run workshop in a loft on 34th Street in Manhattan, with six leather-workers who made wallets and billfolds by hand. In 1946, Miles Cahn and his wife Lillian joined the company.
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