Coach Appoints Stuart Vevers Executive Creative Director
24 Junio 2013 - 3:30PM
Business Wire
Coach, Inc. (NYSE: COH, SEHK: 6388), a leading marketer of
modern classic American accessories, today announced the
appointment of Stuart Vevers as Executive Creative Director.
“The appointment of Stuart Vevers marks an important milestone
in our brand transformation, currently underway,” said Lew
Frankfort, Chairman and Chief Executive Officer of Coach, Inc. “We
are extremely pleased that he will be leading our strong creative
team already in place, bringing his unique aesthetic and personal
style to Coach. His depth and breadth of experience will be an
invaluable asset to the business in general - and the design team
in particular - as we continue to evolve the brand.”
Reporting directly to Coach’s President and Chief Commercial
Officer, Victor Luis, Mr. Vevers will be responsible for leading
all creative aspects of the Coach brand, including women’s and
men’s design, brand imagery, and store environments.
Mr. Vevers joins Coach from Loewe where he held the role of
Creative Director since 2008. Prior to Loewe, he served as Creative
Director of Mulberry from 2005 to 2008. He started his career at
Calvin Klein, and his extensive luxury experience and recognition
as one of the most prominent creative leaders in his field has
resulted from his successful contributions in critical roles with
Bottega Veneta, Givenchy, and Louis Vuitton. In 2006, Mr. Vevers
won the British Fashion Council’s Accessory Designer of the Year
award.
Victor Luis added, “Stuart is recognized as one of the world’s
leading accessories designers. His passion, leadership skills, and
broad luxury brand experience, focused on leathergoods, uniquely
qualify him to lead the next chapter of Coach. I am confident that
his creative expertise - grounded in accessories - will enable him
to draw upon Coach’s rich history to create innovative product and
brand imagery, elevating the customer experience and creating a
fuller expression of the brand.”
“Coach is an exceptional brand and company that I’ve long
admired for its rich heritage,” said Mr. Vevers. “I am excited to
drive Coach’s next stage of transformation.”
Mr. Vevers succeeds Reed Krakoff who informed the company of his
decision not to renew his contract to focus exclusively on his
namesake brand. "We have great admiration for Reed’s
accomplishments” said Lew Frankfort. "We wish him every success in
the future and look forward to welcoming Stuart.”
Coach, with headquarters in New York, is a leading American
marketer of fine accessories and gifts for women and men, including
handbags, men’s bags, women’s and men’s small leathergoods,
footwear, outerwear, watches, weekend and travel accessories,
scarves, sunwear, fragrance, jewelry and related accessories. Coach
is sold worldwide through Coach stores, select department stores
and specialty stores, and through Coach’s website at www.coach.com.
Coach’s common stock is traded on the New York Stock Exchange under
the symbol COH and Coach’s Hong Kong Depositary Receipts are traded
on The Stock Exchange of Hong Kong Limited under the symbol
6388.
Neither the Hong Kong Depositary Receipts nor the Hong Kong
Depositary Shares evidenced thereby have been or will be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States or to,
or for the account of, a U.S. Person (within the meaning of
Regulation S under the Securities Act), absent registration or an
applicable exemption from the registration requirements. Hedging
transactions involving these securities may not be conducted unless
in compliance with the Securities Act.
This press release contains forward-looking statements based on
management's current expectations. These statements can be
identified by the use of forward-looking terminology such as "may,"
"will," "should," "expect," "intend," “ahead,” "estimate," "on
track," “on course,” “forward to,” “future,” “to lead,” "are
positioned to," "continue," "project," "guidance," “target,”
"forecast," "anticipated," or comparable terms. Future results may
differ materially from management's current expectations, based
upon risks and uncertainties such as expected economic trends, the
ability to anticipate consumer preferences, the ability to control
costs, etc. Please refer to Coach’s latest Annual Report on Form
10-K and its Quarterly Report on Form 10-Q for the quarterly period
ended March 30, 2013 for a complete list of risk factors.
CoachAnalysts & Media:Andrea Shaw Resnick, 212-629-2618SVP
Investor Relations & Corporate CommunicationsorConsumer &
Fashion Media:Jason Weisenfeld, 212-946-3850SVP Global Brand
Communications
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