Tapestry Appoints Eraldo Poletto CEO & Brand President, Stuart Weitzman
17 Abril 2018 - 5:45AM
Business Wire
Tapestry, Inc. (NYSE: TPR), a leading New York-based house of
modern luxury accessories and lifestyle brands, today announced the
appointment of Eraldo Poletto as Chief Executive Officer and Brand
President of Stuart Weitzman. He is expected to join the Company on
April 30, 2018 and will succeed Wendy Kahn, the brand’s current
Chief Executive Officer and Brand President, who is leaving the
Company. In this role, Mr. Poletto will be responsible for all
aspects of Stuart Weitzman globally, partnering closely with the
brand’s Creative Director, Giovanni Morelli. Mr. Poletto will
report to Victor Luis, Tapestry, Inc.’s Chief Executive
Officer.
Mr. Poletto most recently held the role of Chief Executive
Officer of Salvatore Ferragamo Sp.A. Previously, from 2010 until
2016, he was the Chief Executive Officer of Furla, instrumental in
the development, growth and globalization of the brand. From 1997
to 2010, Mr. Poletto was at Retail Brand Alliance, Inc., the parent
company of Brooks Brothers, holding progressively more senior
leadership positions including the roles of President of Strategic
Development & International Business and Chief Merchandising
Officer. Mr. Poletto started his career in fashion in Italy at
Miroglio Group, and holds a degree in Economics from the University
of Turin and a Masters in Fashion, Retail and Textile Management
from ISTAO, Istituto Adriano Olivetti in Ancona.
“Stuart Weitzman is at important point in the brand’s evolution
with the upcoming launch of Giovanni’s first collection and the
recent buyback of its Northern China business, taking greater
control of the brand’s destiny through an increased level of direct
ownership. In Eraldo, we have found a leader who, over the last 30
years, has acquired both the global luxury experience and deep
understanding of iconic brands to drive results” said Victor Luis,
Chief Executive Officer of Tapestry, Inc. “He brings a proven,
successful track record in building and engaging teams and in
developing and maximizing international growth across all fashion
categories”
“I am thrilled by the opportunity to lead this iconic brand,”
said Mr. Poletto. “Stuart Weitzman footwear has long represented
quality, style, and the beautiful combination of form and fit. I
look forward to working with the team to build on this foundation
as we evolve into a global, multi-category brand. It is my goal to
continue to delight our customers with innovative products, amazing
client experiences, and marketing programs that celebrate the
confident women around the world who love our brand.”
Mr. Poletto will succeed Wendy Kahn, who has been Chief
Executive Officer and Brand President of Stuart Weitzman since
September 2016. "We have great appreciation for Wendy’s
accomplishments and her leadership has been instrumental to the
development of Stuart Weitzman during our integration period,” said
Victor Luis. "We wish her every success in the future and look
forward to welcoming Eraldo.”
Tapestry, Inc. is a New York-based house of modern luxury
lifestyle brands. The Company’s portfolio includes Coach, Kate
Spade and Stuart Weitzman. Our Company and our brands are founded
upon a creative and consumer-led view of luxury that stands for
inclusivity and approachability. Each of our brands are unique and
independent, while sharing a commitment to innovation and
authenticity defined by distinctive products and differentiated
customer experiences across channels and geographies. To learn more
about Tapestry, please visit www.tapestry.com. The Company’s common
stock is traded on the New York Stock Exchange under the symbol
TPR.
This information to be made available in this press release may
contain forward-looking statements based on management's current
expectations. Forward-looking statements include, but are not
limited to, statements that can be identified by the use of
forward-looking terminology such as "may," "will," “can,” "should,"
"expect," "intend," "estimate," "continue," "project," "guidance,"
"forecast," "anticipated," “moving,” “leveraging,” “targeting,”
“assume,” “plan,” “pursue,” “look forward to,” “on track to
return,” “to achieve” or comparable terms. Future results may
differ materially from management's current expectations, based
upon a number of important factors, including 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 the Company’s latest Annual Report on Form
10-K, Quarterly Report on Form 10-Q, and its 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: https://www.businesswire.com/news/home/20180417005350/en/
Tapestry, Inc.Analysts & Media:Andrea Shaw Resnick,
212-629-2618Global Head of Investor Relations and Corporate
CommunicationsorChristina Colone, 212-946-7252Senior Director,
Investor Relations
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