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Tapestry Says Chairman And CEO Jide Zeitlin To Step Down
Tapestry Entered Into Amendment No. 1 To Revolving Credit Facility Dated Oct 24, 2019
Tapestry Has Begun Store Reopening Process In North America, Europe And Additional Markets In Asia
Tapestry, Inc., formerly Coach, Inc., is a design house of luxury accessories and lifestyle collections. The Company's product offering uses a range of leathers, fabrics and materials. The Company’s brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman. The North America segment includes sales of Tapestry brand products to North American customers through Tapestry-operated stores (including the Internet) and sales to North American wholesale customers. The International segment operates department store concession shop-in-shop locations and retail and outlet stores, as well as e-commerce Websites. The Stuart Weitzman segment includes sales across the world generated by the Stuart Weitzman brand, primarily through department stores in North America and international locations, and within Stuart Weitzman operated stores (including the Internet) in the United States, Canada and Europe.
10 Hudson Yards
NEW YORK, NY
Susan J. Kropf
Chairman of the Board
President, Chief Administrative Officer, Chief Legal Officer, Secretary, Interim Chief Executive Officer and Brand President, Coach
Joanne C. Crevoiserat
Interim Chief Executive Officer
Andrea Shaw Resnick
Interim Chief Financial Officer, Global Head of Investor Relations and Corporate Communications
Thomas A. Glaser
Chief Operations Officer
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Tapestry Inc <TPR.N> Chairman and Chief Executive Officer Jide Zeitlin stepped down on Tuesday amid an investigation into his personal behavior, a source familiar with the matter said.
Coach handbag maker Tapestry Inc said on Tuesday its Chairman and Chief Executive Officer Jide Zeitlin has resigned from the company for personal reasons, effective immediately.
Coach handbag maker Tapestry Inc <TPR.N> said on Thursday it would begin reopening stores in North America and Europe as the company slowly starts to "turn the lights back on" after the coronavirus pandemic hammered its business.
Tapestry Inc reported a 19.4% fall in quarterly net sales and scrapped its full-year forecast on Thursday, as the coronavirus pandemic forced store closures and hurt demand for the company's Coach and Kate Spade handbags.
New lines of Coach handbags helped Tapestry Inc <TPR.N> beat holiday quarter expectations on Thursday, sending its shares up 6%, even as the fashion house warned the coronavirus outbreak could dent its sales by up to $250 million.
Coach handbag maker Tapestry Inc cut its annual profit forecast on Thursday, warning of a sales hit of up to $250 million due to the coronavirus outbreak in China, where it has closed a majority of its stores.
Kate Spade Chief Executive Officer Anna Bakst will leave at the end of the year, parent Tapestry Inc <TPR.N> said on Thursday, less than two years after being hired to turn around sales at the handbag maker.
Fashion house Tapestry Inc said on Thursday Anna Bakst, the chief executive officer of its struggling Kate Spade brand, would leave at the end of the year.
Tapestry Inc <TPR.N> reported quarterly profit above market expectations on Tuesday, but warned of weakness at its Kate Spade business due to tariffs on apparel and jewelry imported from China.
Tapestry Inc reported quarterly profit above market expectations on Tuesday, but warned of weakness at its Kate Spade business due to tariffs on apparel and jewelry imported from China.
Tapestry Inc <TPR.N> on Tuesday forecast lower-than-expected profit for the current quarter, citing weak demand at its millennial-focused Kate Spade brand and the impact of U.S. tariffs on Chinese imports.
Tapestry Inc <TPR.N> replaced Chief Executive Officer Victor Luis with long-time Chairman Jide Zeitlin on Wednesday, just weeks after the high-end fashion house cut its full-year earnings forecast and warned of troubles at its Kate Spade brand.
Coach handbag maker Tapestry Inc said on Wednesday Chief Executive Officer Victor Luis would leave the company after nearly 13 years with the company.
Tapestry Inc <TPR.N> shares tumbled to their lowest in over a decade on Thursday after the high-end fashion house forecast a surprise fall in first-quarter revenue and profit and said it was not sure when same-store sales at Kate Spade would rise.
* Tapestry Inc reported quarterly adjusted earnings of 61 cents per share for the quarter ended in June. The mean expectation of 26 analysts for the quarter that ended in June was for earnings of 61 cents per share. * Revenue rose 2 percent to $1.51 billion from a year ago...
Chinese brand ambassadors of fashion labels from Coach to Givenchy have severed ties with the companies over products which they said violated China's sovereignty by identifying Hong Kong and Taiwan as countries.
Tapestry Inc on Thursday unveiled its biggest buyback plan in nearly seven years and beat Wall Street estimates for third-quarter profit as it sold more Coach and Kate Spade handbags, sending its shares up 17 percent.
Tapestry Inc reported a rise in third-quarter sales on strong demand for its Coach and Kate Spade handbags, and announced a $1 billion share buyback program.
Handbag maker Tapestry Inc <TPR.N> cut its full-year profit forecast and reported its first quarterly earnings miss in at least two years, as its millennial-focused Kate Spade brand failed to impress shoppers with a lack of new designs.
Coach handbag maker Tapestry Inc reported quarterly sales below Wall Street estimates on Thursday, as the company struggled to attract more shoppers in the crucial holiday season, sending its shares down 7 percent.
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