American fashion design house Kate Spade New York, a Tapestry
Inc. (NYSE: TPR) brand, today announced a new creative
organizational structure designed to sharpen its focus on the
consumer, drive innovation, and increase collaboration, resulting
in the formation of two key roles: SVP, Brand Concept &
Strategy and Head of Product Design. These leaders will partner
with Jenny Campbell, SVP, Chief Marketing Officer, and Michele
Parsons, SVP, Chief Merchandising Officer, to ensure a consistent
brand experience across all customer touchpoints.
Liz Fraser, CEO and Brand President of Kate Spade said, “Kate
Spade is a unique global lifestyle brand with a loyal and
passionate following. Over the past year, we’ve worked diligently
to build a strong foundation for our future. We have made
significant progress, refocusing on our core collection and
bringing newness to the assortment to reflect the brand’s distinct
DNA. To build on this success, we recognized an opportunity to
modernize our approach and processes to fuel innovation and better
serve our customers. As a result, we’ve reimagined our creative
structure, centered on collaboration, to position us to more fully
deliver on our brand promise across every customer interaction with
clarity and cohesion. I am incredibly optimistic for our future,
and confident that these changes will further position us to win
with our customer in product, innovation, digital, community, and
storytelling.”
Kristen Naiman, who has served as SVP, Brand Creative at Kate
Spade for the past seven years, will assume the role of SVP, Brand
Concept & Strategy, effective April 1, 2021. She will be
responsible for the creation, publication, and socialization of
brand storytelling platforms on a regular cadence, helping set the
vision and lead the creation of all brand elements across customer
touchpoints, as well as annual and seasonal concept, print, and
color direction. She will report directly to Liz Fraser.
In addition, as a result of these changes, Nicola Glass,
Creative Director of Kate Spade, has decided to depart the
organization on April 1, 2021. The brand has commenced a search for
a Head of Product Design who will lead design across all
categories, including handbags and accessories, ready-to-wear,
jewelry, footwear, and licensed categories. During the ongoing
search process, the design team will report directly to Liz Fraser,
working closely with the brand’s senior leadership team.
Ms. Fraser continued, “We are grateful to Nicola for her
contributions to Kate Spade. Nicola helped us to take important
steps forward, including rebuilding the core of our handbag
assortment and enhancing our product quality, while creating iconic
and proprietary elements that distinguish our brand. She has also
established an incredibly talented design team who will continue to
honor our brand’s legacy and drive our business into the
future.”
About Kate Spade
Since its launch in 1993 with a collection of six essential
handbags, Kate Spade New York has always stood for color, wit,
optimism and femininity. Today, it is a global lifestyle brand
synonymous with joy, delivering seasonal collections of handbags,
ready-to-wear, jewelry, footwear, gifts, home décor and more. Known
for its rich heritage and unique brand DNA, Kate Spade New York
offers a distinctive point of view, and celebrates communities of
women around the globe who live their perfectly imperfect
lifestyles. Kate Spade New York is part of the Tapestry house of
brands.
About Tapestry, Inc.
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. For important news
and information regarding Tapestry, visit the Investor Relations
section of our website at www.tapestry.com/investors. In addition,
investors should continue to review our news releases and filings
with the SEC. We use each of these channels of distribution as
primary channels for publishing key information to our investors,
some of which may contain material and previously non-public
information. 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, the statements that can be identified by the use of
forward-looking terminology such as "may," "will," “can,” "should,"
"expect," "intend," "estimate," “ensure,” "continue," "project,"
"guidance," "forecast," “outlook,” "anticipate," “leveraging,”
“sharpening,” transforming,” “creating,” accelerating,”
“enhancing,” leaning into,” “innovation,” “drive,” “targeting,”
“assume,” “plan,” “progress,” “optimistic,” “confident,” “future,”
“uncertain backdrop,” “emerge,” “on track,” “well positioned to,”
“look forward to,” “looking ahead,” “to acquire,” “achieve,”
“strategic,” “steady recovery,” “growth,” “view,” “stretching
what’s possible,” 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 the impact of the Covid-19 pandemic, the ability to control
costs and successfully execute our growth strategies, expected
economic trends, the ability to anticipate consumer preferences,
risks associated with operating in international markets and our
global sourcing activities, our ability to achieve intended
benefits, cost savings and synergies from acquisitions, the risk of
cybersecurity threats and privacy or data security breaches, the
impact of pending and potential future legal proceedings, and the
impact of legislation, etc. Please refer to the Company’s latest
Annual Report on Form 10-K, quarterly report on 10-Q 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/20210304005146/en/
Kate Spade: Media: Julia Curry Senior Director, Public Relations
212/739-6550 ext. 122162 jcurry@katespade.com Tapestry, Inc.:
Analysts: Christina Colone Vice President, Investor Relations
212/946-7252 ccolone@tapestry.com
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