(Cover) - EN Star Style - Reports have suggested Gwyneth Paltrow may be the new face of US fashion brand Coach.

The 38-year-old actress was spotted leaving the luxury leather goods companys headquarters in New York recently alongside Reed Krakoff, Coachs creative director who also has his own fashion label.

According to the New York Post, the sighting means Gwyneth could either be lining up modelling work for Coach, or for Reeds collection.

Coach is best known for specialising in ladies' and men's handbags, although their other items including luggage, watches and footwear are also popular among the fashion elite.

Reeds collection featuring ready-to-wear womens pieces and jewels has been praised for its utility and elegance, and some fashion insiders believe chic Gwyneth would be the ideal ambassador for the label.

With her long slender frame and stunning good looks, Gwyneth is no stranger to the world of modelling. The star has fronted campaigns for brands including Este Lauder, and regularly appears on the front row at top catwalk shows.

Representatives for Coach and Gwyneth have not commented on the speculation. (C) Cover Media