Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York design
house of modern luxury accessories and lifestyle brands, today
announced the appointment of Wendy Kahn, as Chief Executive Officer
and Brand President – Stuart Weitzman, effective September 13,
2016. Ms. Kahn will succeed Wayne Kulkin, the brand’s current Chief
Executive Officer, who will become a consultant to Coach, Inc.
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Ms. Kahn joins Coach, Inc. from Valentino Fashion Group, S.P.A.,
where she currently holds the position of Chief Executive
Officer – Valentino, USA and V.F.G., USA & Canada, with full
functional oversight of this subsidiary across all channels and
areas of the businesses. Previously, Ms. Kahn served as Senior Vice
President of Sales, Marketing & Retail for Valentino from
2006-2008. Prior to joining Valentino, from 1996-2006, Ms. Kahn
held progressively more senior leadership roles at LVMH Moët
Hennessy Louis Vuitton, at brands including Marc Jacobs, Celine and
Pucci.
“Wendy’s success in developing global luxury brands and
extensive general management experience make her the ideal
candidate to lead Stuart Weitzman, building on the brand’s strong
foundation,” said Victor Luis, Chief Executive Officer of Coach,
Inc. “She is highly regarded as a brand champion and for her
ability to drive growth in both wholesale and retail channels and
across categories including footwear, apparel and accessories.”
“Coach is an exceptional company and Stuart Weitzman is a brand
I’ve long admired, fusing fashion and fit, with a unique
positioning at the gateway to luxury. I look forward to
contributing to its growth and partnering with the entire
leadership team,” said Ms. Kahn.
Mr. Luis added, "I also want to take this opportunity to thank
Wayne Kulkin, who, over the last 25 years, working closely with
Executive Chairman, Stuart Weitzman created this leading American
luxury designer footwear brand. We look forward to leveraging
Wayne’s expertise as we develop our multi-brand opportunity in the
growing global footwear category.”
Stuart Weitzman, Executive Chairman of the Stuart Weitzman brand
said, “In Wendy, we have found a leader that respects our culture,
understands luxury brands and offers us the leadership skills and
management experience to enable us to realize our full
potential."
Coach, Inc. is a leading New York design house of modern luxury
accessories and lifestyle brands. The Coach brand was established
in New York City in 1941, and has a rich heritage of pairing
exceptional leathers and materials with innovative design. Coach is
sold worldwide through Coach stores, select department stores and
specialty stores, and through Coach’s website at www.coach.com. In
2015, Coach acquired Stuart Weitzman, a global leader in designer
footwear, sold in more than 70 countries and through its website at
www.stuartweitzman.com. Coach, Inc.’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,” “to
provide,” “to delivering,” “to contributing,“ “partnering,”
“leveraging,” “remains,” “to build,” “to drive,” “believe,” “to
reinvigorate,” “to achieve,” “to enable,” “return to,” “to
execute,” “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 and successfully execute our
transformation and operational efficiency initiatives and growth
strategies and our ability to achieve intended benefits, cost
savings and synergies from acquisitions, etc. Please refer to
Coach’s latest Annual Report on Form 10-K and our other filings
with the Securities and Exchange Commission for a complete list of
risks and important factors.
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version on businesswire.com: http://www.businesswire.com/news/home/20160714005337/en/
Coach:Analysts & Media:Andrea Shaw Resnick,
212-629-2618Global Head Investor Relations & Corporate
CommunicationsorChristina Colone, 212-946-7252Director, Investor
RelationsorStuart Weitzman:Karen Ferko,
212/287-0671Executive Vice President of Global Communications
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