Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and
lifestyle brands consisting of Coach, Kate Spade, and Stuart
Weitzman, today announced the appointment of Eva Erdmann as CEO
& Brand President of Kate Spade. Ms. Erdmann will join the
brand in October, succeeding Liz Fraser, who is leaving the Company
in September. Upon her arrival, Ms. Erdmann will report directly to
Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc., and
will become a member of the Company’s Executive Committee.
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Eva Erdmann (Photo: Business Wire)
Ms. Erdmann has a proven track record of leading global consumer
brands and teams. Ms. Erdmann joins Kate Spade from L’Oréal where
she served as the Global President of Urban Decay Cosmetics since
2018, driving the successful transformation of the brand,
highlighted by a return to global revenue growth and strong profit
gains. As CEO & Brand President of Kate Spade, Ms. Erdmann will
have oversight of all aspects of the business, with a focus on
accelerating innovation to drive consumer connections and
sustainable global growth.
Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc.,
said, “I am excited to welcome Eva to Kate Spade. She is a talented
global brand-builder with a deep understanding of the rapidly
evolving consumer landscape and a demonstrated ability to cultivate
desire, cultural relevance, and passionate communities for
distinctive luxury brands. I am confident she is the right leader
to unlock the significant runway for growth at the iconic Kate
Spade brand.”
Joanne Crevoiserat continued, “On behalf of the entire
organization, we thank Liz for her passion and dedication to Kate
Spade and wish her well in her next chapter. Under her leadership,
we advanced our strategies, refocusing the brand on its distinctive
DNA, and creating the foundation for the future.”
Eva Erdmann, said, “I am honored to join Kate Spade. It is a
truly special and purpose-driven brand with a unique position in
the marketplace and significant expansion opportunities. I look
forward to collaborating with the team to advance the mission of
this powerful brand – bringing joy and self-expression to consumers
around the world – and driving profitable growth for years to
come.”
About Eva Erdmann
Eva Erdmann is a highly accomplished global brand-builder and
leader. Most recently, since 2018, Eva served as Global President
of Urban Decay at L’Oréal, where she successfully led the
transformation of the brand, delivering strong revenue and profit
growth. During her time at L’Oréal, which spanned over 15 years,
she held a number of senior management positions within the Luxury
division. This included General Manager of Lancôme France, where
she reinvigorated the brand in the market, and Global Marketing SVP
of Make-up and Perfumes at Yves Saint Laurent Beauté, which
delivered strong growth during her tenure driven by the successful
execution of its brand modernization strategies and iconic product
development. In addition, Eva spent several years in marketing at
Christian Dior Beauty, an LVMH-owned brand, where she played an
instrumental role in crafting and driving the international growth
initiatives for Europe and the Asia Pacific region. Eva received a
master’s degree in engineering from ENSGI and a master’s degree in
marketing from HEC Paris.
Upcoming Events
The Company is maintaining its Fiscal 2024 financial outlook and
expects to report Fiscal 2024 fourth quarter and full year results
on Thursday, August 15, 2024.
To receive notification of future announcements, please register
at www.tapestry.com/investors ("Subscribe to E-Mail Alerts").
About Tapestry, Inc.
Our global house of brands unites the magic of Coach, kate spade
new york and Stuart Weitzman. 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. We use our
collective strengths to move our customers and empower our
communities, to make the fashion industry more sustainable, and to
build a company that’s equitable, inclusive, and diverse.
Individually, our brands are iconic. Together, we can stretch
what’s possible. 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 regarding the company’s financial
outlook or financial performance and statements that can be
identified by the use of forward-looking terminology such as "may,"
"will," “can,” "should," "expect," “expectation,” “proposed
acquisition,” “looks forward to,” “move forward,” “working
expeditiously,” “potential,” "intend," "estimate," "continue,"
"guidance," "forecast," “outlook,” “commit,” "anticipate," “goal,”
“leveraging,” “sharpening,” transforming,” “create,” accelerating,”
“expand,” “unlock,” “generate,” “enhancing,” “innovation,” “drive,”
“targeting,” “assume,” “plan,” “effort,” “progress,” “confident,”
“future,” “uncertain,” “achieve,” “strategic,” “growth,” “vision,”
“we can stretch 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 economic conditions,
recession and inflationary measures, the impact of the Covid-19
pandemic, risks associated with operating in international markets
and our global sourcing activities, the ability to anticipate
consumer preferences and retain the value of our brands, including
our ability to execute on our e-commerce and digital strategies,
the ability to successfully implement the initiatives under our
growth strategy, the effect of existing and new competition in the
marketplace, our ability to control costs, the effect of seasonal
and quarterly fluctuations on our sales or operating results; the
risk of cybersecurity threats and privacy or data security
breaches, our ability to protect against infringement of our
trademarks and other proprietary rights, the impact of tax and
other legislation, the risks associated with potential changes to
international trade agreements and the imposition of additional
duties on importing our products, our ability to achieve intended
benefits, cost savings and synergies from acquisitions including
our proposed acquisition of Capri Holdings Limited (“Capri”), the
anticipated impact of the proposed acquisition of Capri on the
combined company’s business and future financial and operating
results, the anticipated closing date for the proposed acquisition
of Capri, the satisfaction of the conditions precedent to
consummation of the proposed acquisition of Capri, including the
ability to secure regulatory approval in the United States on the
terms expected, at all or in a timely manner, the outcome of the
antitrust lawsuit by the Federal Trade Commission against us and
Capri related to the consummation of the proposed acquisition, the
impact of pending and potential future legal proceedings, and the
risks associated with climate change and other corporate
responsibility issues, 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/20240801428807/en/
Tapestry, Inc. Media: Andrea Shaw Resnick Chief Communications
Officer 212/629-2618 aresnick@tapestry.com Analysts and Investors:
Christina Colone Global Head of Investor Relations 212/946-7252
ccolone@tapestry.com
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