Tapestry Announces Departure of Kate Spade CEO & Brand President
12 Diciembre 2019 - 3:30PM
Business Wire
Tapestry, Inc. (NYSE: TPR), a leading New York-based house of
modern luxury accessories and lifestyle brands, today announced
that Anna Bakst, the Chief Executive Officer and Brand President of
Kate Spade, will be departing the Company at the end of the
calendar year. The Company has commenced a search for her
successor. During the interim period, Joanne Crevoiserat,
Tapestry’s Chief Financial Officer, will have direct oversight of
Kate Spade’s strategy and operations, working closely with the
brand’s senior leadership team.
“We thank Anna for the passion and commitment she has brought to
her work at Kate Spade,” said Jide Zeitlin, Chairman and Chief
Executive Officer of Tapestry, Inc. “We are moving ahead quickly
with a search process. Our strong Kate Spade leadership team,
working with Joanne, will take the business forward aligned with
Nicola Glass’s creative vision. Quarter-to-date, Kate Spade’s
performance is on track and we are confident in our ability to meet
our holiday season goals. We look forward to providing details
about our second quarter results during our upcoming earnings call
in February.”
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," “commence,” "estimate," "continue," "project,"
"guidance," "forecast," “outlook,” “roadmap,” "anticipate,"
“excited,” “moving,” “leveraging,” “capitalizing,” “developing,”
“drive,” “targeting,” “assume,” “plan,” “build,” “pursue,”
“maintain,” “are confident,” “on track,” “well positioned to,”
“look forward to,” “looking ahead,” “to acquire,” “achieve,”
“strategic vision,” “growth opportunities” 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 ERP implementation and growth
strategies, our ability to achieve intended benefits, cost savings
and synergies from acquisitions, the risk of cybersecurity threats
and privacy or data security breaches, and the impact of tax
legislation, etc. Please refer to the Company’s latest Annual
Report on Form 10-K and its other filings with the Securities and
Exchange Commission for a complete list of risks and important
factors. The Company assumes no obligation to revise or update any
such forward-looking statements for any reason, except as required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20191212005814/en/
Tapestry, Inc. Analysts & Media: Andrea Shaw Resnick Global
Head of Investor Relations and Corporate Communications
212/629-2618 aresnick@tapestry.com Christina Colone Vice President,
Investor Relations 212/946-7252 ccolone@tapestry.com
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