Why so much Coach hate?

I love love love coach, I have shoes, earrings, bags and belts from them. I feel like the quality is great for the price. But it seems like luxury enthusiasts tend to scorn or look down on coach as a brand. I just saw a video of a wealthy young woman talking saying one of her biggest fears is receiving a coach bag and the caption said “don’t wear coach, don’t fly coach.” Is the disdain because it’s affordable and accessible to those who aren’t crazy rich? It seems so classist and weird. Anyways that’s my Ted talk.