NEW YORK--(BUSINESS WIRE)--Nov. 8, 2017--
Tapestry, Inc. (NYSE:TPR) (SEHK:6388), a leading New York-based house of
modern luxury accessories and lifestyle brands, today announced the
appointment of Nicola Glass as Creative Director of Kate Spade. She is
expected to join the company early in the new calendar year, and will
succeed Deborah Lloyd, the brand’s current creative director who, in the
wake of the Tapestry, Inc. acquisition, made the decision to exit the
brand in 2018. Ms. Glass will ultimately report to the Brand President
and Chief Executive Officer of Kate Spade, a role currently held by
Tapestry, Inc.’s Chief Executive Officer, Victor Luis, in an interim
capacity. Ms. Glass will be responsible for leading all creative aspects
of the Kate Spade brand, including all product design, brand imagery and
store environments.
“The appointment of Nicola Glass marks an important milestone in the
next chapter of the Kate Spade brand,” said Victor Luis, Chief Executive
Officer of Tapestry, Inc. “There are very few creative executives like
her, who have both the talent to lead creative teams and the
appreciation and understanding of how to scale a growing handbag and
accessories-driven business. We are extremely pleased that she will be
leading the strong creative team already in place, while bringing her
unique aesthetic and personal style to Kate Spade. Nicola fully
understands the feminine, fun and fashionable style of Kate Spade and is
excited to bring its distinctive style to global audiences. Her depth
and breadth of experience will be an invaluable asset to the business in
general - and especially the design and brand teams - as we grow and
develop the business globally.”
Ms. Glass joins Kate Spade from Michael Kors where she currently holds
the role of Senior Vice President of Accessories Design overseeing all
design and development of Michael Kors Collection and MICHAEL Michael
Kors. She leads a team including all accessory, hardware and technical
design, and is responsible for sourcing and developing all leathers and
fabrics. Ms. Glass has been with Michael Kors since 2004, contributing
to the business and holding successively more senior roles over her
13-year tenure with the company. Prior to Michael Kors she worked at
Gucci as an accessories designer. Ms. Glass holds a Masters of the Arts
in Fashion Accessories from the Royal College of Art, London.
Victor Luis added, “Nicola’s sensitivity and appreciation of Kate Spade
along with her leadership skills, and deep design experience, uniquely
qualify her to provide creative direction for Kate Spade. I am confident
that her expertise - grounded in accessories - will enable her to build
upon the brand’s fun, feminine and fashionable positioning to create
innovative product and brand imagery, delighting customers in a
singularly Kate Spade way, full of color and playful sophistication.”
“I'm very honored to be joining Kate Spade as the new Creative
Director,” said Ms. Glass. “It is a brand I’ve long admired and I look
forward to leading the team in this next chapter of Kate Spade’s
evolution and growth.” Ms. Glass will succeed Deborah Lloyd, who
has been President and Chief Creative Officer of Kate Spade since
November 2007. "We have great admiration for Deborah’s accomplishments
and her vision and creative leadership have been instrumental to the
growth of Kate Spade,” said Victor Luis. "We wish her every success in
the future and look forward to welcoming Nicola.”
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. The Company’s Hong Kong Depositary Receipts are
traded on The Stock Exchange of Hong Kong Limited under the symbol 6388.
Neither the Hong Kong Depositary Receipts nor the Hong Kong
Depositary Shares evidenced thereby have been or will be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States or to, or for
the account of, a U.S. Person (within the meaning of Regulation S under
the Securities Act), absent registration or an applicable exemption from
the registration requirements. Hedging transactions involving these
securities may not be conducted unless in compliance with the Securities
Act.
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," "anticipate,"
“moving,” “leveraging,” “developing,” “driving,” “targeting,”
“assume,” “plan,” “pursue,” “look forward 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 and its other
filings with the Securities and Exchange Commission for a complete list
of risks and important factors.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171108006531/en/
Source: Tapestry, Inc.
Tapestry, Inc.
Analysts & Media:
Andrea Shaw Resnick,
212-629-2618
Global Head of Investor Relations and Corporate
Communications
or
Christina Colone, 212-946-7252
Senior
Director, Investor Relations