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Victor Luis, who abruptly exited the company Wednesday, led the recovery of Coach and the acquisitions of Kate Spade and Stuart Weitzman. But investors aren't convinced that the portfolio is primed for growth.

Chief executive Thierry Andretta is trying to turn things around, but the British heritage brand is a no-show at London Fashion Week again this season after years of sluggish sales and a slumping share price.

The handbag brand, known for its clean and geometrical designs, is moving into a new category, launching its first shoe collection in April.

Resort 2019 will be the label's final collection.

The Turkish handbag label, known for its geometric designs, is launching footwear in October and will present the collection during Paris Fashion Week.

Uniqueness, accessible pricing and a strong social media presence are buoying niche bag brands like Cult Gaia, Staud and Danse Lente.