Tapestry

Capri Holdings Limited Announces Reporting Date For Third Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, January 25, 2024

Capri Holdings Limited (NYSE: CPRI) today announced that it plans to report its third quarter fiscal 2024 financial results on Thursday, February 8, 2024, after the market closes via press release.

Key Points: 
  • Capri Holdings Limited (NYSE: CPRI) today announced that it plans to report its third quarter fiscal 2024 financial results on Thursday, February 8, 2024, after the market closes via press release.
  • Given the pending acquisition of Capri Holdings Limited by Tapestry, Inc., the Company does not intend to hold conference calls to review its financial results going forward.

Propolis Cooperative Housing Society secures a $270,000 commitment from Thrive Impact Fund towards its first affordable and sustainable housing development

Retrieved on: 
Wednesday, November 15, 2023

KAMLOOPS, British Columbia, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Propolis Cooperative Housing Society , a new Kamloops-based non-profit housing cooperative with a mandate to build affordable, sustainable homes has secured a $270,000 commitment from Thrive Impact Fund , an impact investment fund that supports social enterprises and impact organizations.

Key Points: 
  • KAMLOOPS, British Columbia, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Propolis Cooperative Housing Society , a new Kamloops-based non-profit housing cooperative with a mandate to build affordable, sustainable homes has secured a $270,000 commitment from Thrive Impact Fund , an impact investment fund that supports social enterprises and impact organizations.
  • It is currently in the planning process for a 6-storey mixed-use development to be constructed on the property.
  • The building will include 50 affordable residential units above approximately 9,300 square feet of commercial space on the ground level.
  • “Propolis is tackling affordable housing while breaking down barriers related to access to capital, wealth redistribution, and the climate crisis.

PVH Corp. Announces New Leadership Appointments

Retrieved on: 
Wednesday, December 13, 2023

PVH Corp. [NYSE: PVH] today announced the appointment of Sophia Hwang-Judiesch as the President of Tommy Hilfiger North America.

Key Points: 
  • PVH Corp. [NYSE: PVH] today announced the appointment of Sophia Hwang-Judiesch as the President of Tommy Hilfiger North America.
  • Both leaders will join PVH’s executive leadership team and Hwang-Judiesch will also become a key member of the global TOMMY HILFIGER leadership team.
  • Subrahmanyam joined PVH in February 2022 and currently serves as Executive Vice President of People for PVH Americas and Calvin Klein Global.
  • I have valued her leadership and partnership in establishing and building out the PVH+ Plan, and most importantly, in helping to build the very strong leadership team and global organization to execute it.

Ladder Raises $12 Million Series A to Demystify Strength Training and Accelerate Growth

Retrieved on: 
Wednesday, December 6, 2023

While most products offer a content library of cardio workouts, Ladder delivers progressive, structured workout programming across various strength training modalities.

Key Points: 
  • While most products offer a content library of cardio workouts, Ladder delivers progressive, structured workout programming across various strength training modalities.
  • Before Ladder, members were seeking an easier way to plan their workouts and to maintain a consistent strength training routine.
  • “Ladder members know exactly what workout to do each day based on their goals and preferred training styles,” says CEO Greg Stewart.
  • Ladder holds a 4.9 App Store rating across more than 17,000 reviews and was awarded Women’s Health 2023 Best Strength Training Program, Women’s Health 2023 Best App For Unlimited Personal Training, and CNET 2023 Best Strength Training App.

Tapestry, Inc. Announces Closing of Senior Unsecured Notes Offerings

Retrieved on: 
Monday, November 27, 2023

Tapestry, Inc. (NYSE: TPR) (the “Company”), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of its $4.5 billion USD senior unsecured notes and its €1.5 billion Euro-denominated senior unsecured notes offerings.

Key Points: 
  • Tapestry, Inc. (NYSE: TPR) (the “Company”), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced the closing of its $4.5 billion USD senior unsecured notes and its €1.5 billion Euro-denominated senior unsecured notes offerings.
  • Tapestry, Inc.’s Chief Financial Officer and Chief Operating Officer, Scott Roe, said, “We are pleased to announce the completion of our financing transaction, highlighting Tapestry’s progress towards closing the previously announced acquisition of Capri Holdings Limited.
  • To this end, we raised $6.1 billion in senior notes, garnering high-quality fixed income investors globally, and securing an all-in debt interest rate, including Tapestry's existing debt, of 6.5%, in-line with our original expectations.
  • Summary of Offering and Tapestry, Inc. Debt Outstanding

Tapestry, Inc. Announces Commencement of Euro-Denominated Senior Unsecured Notes Offering

Retrieved on: 
Thursday, November 16, 2023

Tapestry, Inc. (NYSE: TPR) (the “Company”), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced today that it has commenced an underwritten public offering of Euro-denominated senior unsecured notes (the “Notes”).

Key Points: 
  • Tapestry, Inc. (NYSE: TPR) (the “Company”), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced today that it has commenced an underwritten public offering of Euro-denominated senior unsecured notes (the “Notes”).
  • Pending the consummation of the Capri Acquisition, the net proceeds from this offering may be invested temporarily in cash equivalents or short-term investments.
  • Substantially concurrently with this offering, the Company launched an offer, by means of a separate prospectus supplement, of U.S. dollar-denominated notes (the “USD Notes”) at various maturities (the “USD Notes Offering”).
  • Neither the completion of this offering nor the USD Notes Offering is contingent on the completion of the other, therefore, it is possible that this offering is completed and the USD Notes Offering is not completed.

Tapestry, Inc. Opens North Las Vegas Fulfillment Center

Retrieved on: 
Thursday, November 16, 2023

Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade and Stuart Weitzman, announced today the opening of the company’s new full-scale Fulfillment Center in North Las Vegas, Nevada (NVFC).

Key Points: 
  • Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade and Stuart Weitzman, announced today the opening of the company’s new full-scale Fulfillment Center in North Las Vegas, Nevada (NVFC).
  • View the full release here: https://www.businesswire.com/news/home/20231115528378/en/
    Tapestry, Inc. opens its doors to the company’s new fulfillment center in North Las Vegas.
  • “The City of North Las Vegas continues to lead Southern Nevada in industrial development and economic diversification,” said Mayor Pamela Goynes-Brown.
  • Tapestry’s SVP of Global Fulfillment and Logistics Ken Sanders said, “The new North Las Vegas Fulfillment Center is a testament to our continuous growth as a company, and something we couldn’t have done without the ongoing support of our exceptional workforce.

Tapestry, Inc. Announces Commencement of United States Dollar-Denominated Senior Unsecured Notes Offering

Retrieved on: 
Wednesday, November 15, 2023

Pending the consummation of the Capri Acquisition, the net proceeds from this offering may be invested temporarily in cash equivalents or short-term investments.

Key Points: 
  • Pending the consummation of the Capri Acquisition, the net proceeds from this offering may be invested temporarily in cash equivalents or short-term investments.
  • BofA Securities, Morgan Stanley and J.P. Morgan are acting as joint lead book-running managers for the proposed offering.
  • Substantially concurrently with or shortly after this offering, the Company expects to offer, by means of a separate prospectus supplement, euro-denominated notes (the “Euro Notes”) at various maturities (the “Euro Notes Offering”).
  • Neither the completion of this offering nor the Euro Notes Offering is contingent on the completion of the other, so it is possible that this offering occurs and the Euro Notes Offering does not occur.

Capri Holdings Limited Announces Second Quarter Fiscal 2024 Results

Retrieved on: 
Thursday, November 9, 2023

Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the second quarter of Fiscal 2024 ended September 30, 2023.

Key Points: 
  • Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the second quarter of Fiscal 2024 ended September 30, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20231109706319/en/
    John D. Idol, the Company's Chairman and Chief Executive Officer, said, "Capri Holdings' second quarter results were below our expectations due to macro-economic headwinds as well as Ecommerce implementation related challenges.
  • While we are excited about the long-term benefits, the transition negatively impacted our second quarter results.
  • Given the proposed merger transaction of Capri Holdings Limited by Tapestry, Inc., the Company does not intend to provide financial guidance.

Pivot Energy Partners with Tapestry, Inc. Enabling New Clean Energy and Increased Community Investment

Retrieved on: 
Tuesday, December 12, 2023

CHICAGO, Dec. 12, 2023 /PRNewswire/ -- Leading national renewable energy provider Pivot Energy is proud to announce it is developing six community solar projects in Illinois, totaling 33 megawatts (MWdc), with Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman. Tapestry has committed to purchasing 15 years of Impact Renewable Energy Credits (RECs) produced by the projects, which will produce more than 50,000 megawatt hours (MWh) per year with a total estimated 750,000 MWh over the course of 15 years. This commitment helps enable new renewable energy to be developed in Illinois. Additionally, the two companies will invest $2,000 per MW built, or $66,000 total, in local community organizations.

Key Points: 
  • What makes this project unique is the multifaceted opportunity to create measurable impact growth of solar energy.
  • In Pivot and Tapestry's case, the impact is three-fold – new clean energy, community investments, and energy burden relief.
  • Pivot Energy is committed to accelerating the transition to clean energy and positively impacting local communities.
  • By supporting clean energy projects and engaging with local communities, Tapestry is demonstrating its commitment to renewable energy and sustainable operations in the fashion industry.