Tapestry, Inc. (NYSE: TPR), a leading New York-based house of
modern luxury accessories and lifestyle brands, today announced the
appointment of Todd Kahn as Chief Executive Officer and Brand
President of Coach, effective immediately, following a
comprehensive search. In this role, Mr. Kahn is responsible for all
aspects of the brand globally, reporting to Joanne Crevoiserat,
Chief Executive Officer of Tapestry, Inc. Mr. Kahn joined the
Company in January 2008 and has held a number of leadership roles
within the organization, most recently serving as Interim Chief
Executive Officer and Brand President of Coach since July 2020.
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Todd Kahn, Chief Executive Officer and
Brand President of Coach (Photo: Business Wire)
Ms. Crevoiserat commented, “I am delighted to announce Todd’s
appointment as Chief Executive Officer and Brand President of
Coach. Todd has done a tremendous job leading Coach over the last
nine months, delivering exceptional business results, while
effectively navigating the pandemic. Importantly, during this time,
the brand has been building momentum through the recruitment of
new, younger customers and the acceleration of Digital. In
addition, throughout his 13-year tenure with the Company, he has
been instrumental in shaping our strategic agenda as well as
developing empowered and inclusive teams. Todd has both deep
industry and Company experience, bringing a unique balance of brand
stewardship and commercial capabilities. I am confident that he is
the right person to lead Coach, partnering closely with me and the
senior management team as we continue to advance our Acceleration
Program.”
Mr. Kahn said, “Coach is an iconic brand with a remarkable
80-year history and incredibly talented teams. I am honored to lead
the brand and passionate about the opportunities ahead as we
continue to implement a purpose-led, consumer-centric, and
data-driven approach to fueling innovation across customer
touchpoints. We will deliver the blend of magic and logic that make
our brand and business distinctive, providing customers around the
world with authentic, compelling product and experiences under
Stuart Vevers’s creative direction, underpinned by a focus on
operational excellence to support enhanced profitability. Further,
under Joanne’s leadership, I look forward to continuing to
collaborate across the organization as we leverage Tapestry’s
differentiated, multi-brand platform to drive long-term
growth.”
Todd Kahn has served as Interim Chief Executive Officer and
Brand President of Coach since July 2020 and has led the revenue
generating business units of the brand since March 2020. He joined
the Company as Senior Vice President, General Counsel and Secretary
in January 2008 and held a number of successively senior roles,
including serving as Chief Legal Officer until March 2020, Company
Secretary until August 2020, and President & Chief
Administrative Officer from May 2016 to the present. Prior to
joining the Company, Mr. Kahn, a seasoned industry veteran, held
leadership positions at several public and private companies.
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. The Company’s common
stock is traded on the New York Stock Exchange under the symbol
TPR.
About Coach
Coach is a global fashion house founded in New York in 1941.
Inspired by the vision of Creative Director Stuart Vevers and the
inclusive and courageous spirit of its hometown, the brand makes
beautiful things, crafted to last—for you to be yourself in.
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 regarding the Acceleration Program and
statements that can be identified by the use of forward-looking
terminology such as “may,” “will,” “can,” “should,” “confident,”
“optimistic,” “future,” “expect,” “intend,” “estimate,” “continue,”
“project,” “guidance,” “forecast,” “outlook,” “believe,”
“anticipate,” “proactive,” “preemptive,” “excited about,” “moving,”
“leveraging,” “capitalizing,” “developing,” “drive,” “targeting,”
“assume,” “plan,” “build,” “pursue,” “maintain,” “on track,” “well
positioned to,” “commit,” “look forward to,” “to acquire,”
“achieve,” “strategic initiatives,” “growth opportunities,” “next
chapter” 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, 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/20210415005216/en/
Tapestry, Inc. Analysts & Media: Andrea Shaw Resnick Interim
Chief Financial Officer 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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