Kate Spade

Movado Group Announces Appointment of Debbie Forman-Pavan as President of North America Sales

Retrieved on: 
Tuesday, April 2, 2024
Fashion, Retail, Department Stores, Manufacturing, Specialty, Textiles, Kate Spade, Growth, Movado, OLIVIA, LVMH, Retirement, Jewellery, Multimedia, HUGO, MOV, Fashion design

Movado Group, Inc. (NYSE: MOV) today announced the appointment of Debbie Forman-Pavan to President of North America Sales.

Key Points: 
  • Movado Group, Inc. (NYSE: MOV) today announced the appointment of Debbie Forman-Pavan to President of North America Sales.
  • In this role, Ms. Forman-Pavan will be responsible for leading all avenues of sales across North America, while increasing revenue growth, and continuing to support the solid foundation of the business.
  • View the full release here: https://www.businesswire.com/news/home/20240402568130/en/
    Debbie Forman-Pavan, President of North America Sales at Movado Group, Inc. (Photo: Business Wire)
    “We are thrilled to have Debbie Forman-Pavan join the Movado Group family.
  • We are confident that our iconic brands will continue to grow within North America under her leadership,” said Efraim Grinberg, Chairman and Chief Executive Officer, Movado Group.

ThredUp’s 12th Annual Resale Report Reveals Resale Grew 15X Faster than Retail in 2023

Retrieved on: 
Wednesday, March 27, 2024
Software, Online Retail, Internet, Family, Recycling, Sustainability, Specialty, Consumer, Technology, Environment, Fashion, Retail, Women, Online, Kate Spade, Growth, J.Crew, GlobalData, Shoe, Reseller, Multimedia, Government, Parent, Fullbeauty Brands

Conducted by third-party retail analytics firm GlobalData , the 12th annual study serves as the most comprehensive measure of the secondhand market globally and in the U.S., with forward looking projections through 2033.

Key Points: 
  • Conducted by third-party retail analytics firm GlobalData , the 12th annual study serves as the most comprehensive measure of the secondhand market globally and in the U.S., with forward looking projections through 2033.
  • Now in its 12th year, the Resale Report shows some of the most promising signals of what that future could look like with increased levels of support.
  • The U.S. secondhand apparel market grew 7 times faster than the broader retail clothing market in 2023.
  • 52% of retail executives say they’d adopt circular business models if there were government-sponsored financial incentives for doing so.

Tapestry Expands Partnership With Bluecore to Include Kate Spade Following Success With Coach and Stuart Weitzman

Retrieved on: 
Thursday, March 7, 2024
Cloud, Kate Spade, Coach, Kate Spade New York, SVP, Growth, Digital, TPR, Entrepreneurship, Partnership, Sales

The platform has been delivering strong identification improvements and contributing to marketing growth for Coach and Stuart Weitzman.

Key Points: 
  • The platform has been delivering strong identification improvements and contributing to marketing growth for Coach and Stuart Weitzman.
  • The expanded partnership with Bluecore reflects Tapestry’s continued focus on improving customer identification, engagement and retention to increase purchases from new, active, and inactive buyers.
  • Since 2022, Bluecore has helped Coach and Stuart Weitzman improve growth and retention through successful marketing, customer experience and strategic expertise.
  • “Our ability to increase identification rates and repeat purchases for Coach and Stuart Weitzman is just the beginning of what Tapestry can do with Bluecore.

Tapestry, Inc. Appoints Kevin Hourican and David Elkins to Board of Directors

Retrieved on: 
Thursday, February 29, 2024
Fashion, Other Retail, Luxury, Retail, Specialty, CFO, Acquisition, Kate Spade, BMY, AstraZeneca, CVS Health, Final good, Senior, Restaurant, Boeing, Multimedia, Pennsylvania State University, Drexel University, SYY, Record, Marketing, Health, Growth, Financial system, University, Business development, Bristol Myers Squibb, BMS, Pharmacy, Executive, Patient, CVS Pharmacy, CVS, Supply chain management, Medical device, Meal, Mid-Atlantic (United States), Management

The appointments of Mr. Hourican and Mr. Elkins to the Board bring the membership to eleven, including ten independent directors.

Key Points: 
  • The appointments of Mr. Hourican and Mr. Elkins to the Board bring the membership to eleven, including ten independent directors.
  • Kevin and David bring significant strategic and financial expertise, with successful track records of delivering innovation and disciplined global growth, including deep M&A experience.
  • Upon his appointment, Kevin Hourican said, "I am excited to be joining the Board of Directors of Tapestry, an innovative, purpose-driven company with a consumer-led approach to building enduring brands.
  • Upon his appointment, David Elkins stated, “I’m honored to join Tapestry’s Board of Directors at this important chapter in the company’s history.

Tapestry, Inc. Delivers Record Q2 Revenue and EPS; Raises Fiscal 2024 EPS Outlook

Retrieved on: 
Thursday, February 8, 2024
Online Retail, Fashion, Luxury, Retail, Specialty, Cloud, EPS, Multimedia, Kate Spade, Growth, Magic, Calendar, GAAP, Outlook, Digital, Investment, Generation Z, Acquisition, FX, Creativity, Interest, EUR, Cloud computing, Capital expenditure, Millennials, Conference, Movement, Bank

Importantly, we drove record revenue and EPS, while advancing our strategic agenda.

Key Points: 
  • Importantly, we drove record revenue and EPS, while advancing our strategic agenda.
  • Based on these results, we are raising our EPS outlook for the fiscal year.”
    “Moving forward, we have an unwavering commitment to deliver sustainable growth and shareholder value.
  • As publicly announced by the regulator in January 2024, the State Administration for Market Regulation in China approved the transaction.
  • The Company expects to report Fiscal 2024 third quarter results on Thursday, May 9, 2024.

Tapestry, Inc. Advances Corporate Responsibility Strategy to Drive Even Greater Impact Across Environmental, Social Impact and Diversity Commitments

Retrieved on: 
Wednesday, January 31, 2024
Fashion, Online Retail, Retail, Luxury, Other Retail, Department Stores, Multimedia, Kate Spade, Disability, ESG, FY, Textile, Philosophy, Corporation, Corporate responsibility, Culture, Electricity

View the full release here: https://www.businesswire.com/news/home/20240131704174/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240131704174/en/
    Coachtopia's Ergo bag on the cover of Tapestry's FY2023 Corporate Responsibility Report (Graphic: Business Wire)
    “At Tapestry, we believe that sustainability is a business imperative.
  • The Fabric of Change is Tapestry’s strategy for meeting the company’s commitments and goals in four key areas: people, planet, products and communities.
  • The strategy is grounded in the belief that every beautiful choice can be a responsible choice.
  • “We’ll continue to forge ahead with this philosophy, driving positive impact in a world that’s evolving faster than ever.”

Artificial Intelligence and Commerce Collide at The RETHINK Retail Gala January 15th, 2024 in NYC

Retrieved on: 
Saturday, December 16, 2023
Technology, Retail, Online Retail, Artificial Intelligence, SHISH, Creativity, Shridhar, Kate Spade, Cognizant, Estée Lauder, Artificial intelligence, Commerce, Luxottica, Algorithm, Intermix, URBN, The North Face, EVP, The Vitamin Shoppe, Saks Off 5th, Conference, Marks & Spencer, AI, Microsoft, Sephora, Walmart, Target, Fashion design, Nightclub, Skechers, Adidas

This exclusive event, tailored for retailers, brands and industry trailblazers, promises an immersive experience where Commerce and Artificial Intelligence (AI) seamlessly merge to shatter the boundaries of conventional thinking.

Key Points: 
  • This exclusive event, tailored for retailers, brands and industry trailblazers, promises an immersive experience where Commerce and Artificial Intelligence (AI) seamlessly merge to shatter the boundaries of conventional thinking.
  • "I couldn't be more thrilled about the upcoming AI in Retail Conference and the RETHINK Retail Gala.
  • Secure your ticket to The RETHINK Retail Gala and witness the dawn of a new era in retail.
  • Secure your ticket to The RETHINK Retail Gala and witness the dawn of a new era in retail.

Tapestry, Inc. Announces Closing of Senior Unsecured Notes Offerings

Retrieved on: 
Monday, November 27, 2023
Fashion, Online Retail, Retail, Luxury, Jewelry, Other Retail, USD, EBITDA, Hand, Debt, EUR, Capri Holdings, Acquisition, NYSE, EPS, Kate Spade, Security (finance), Tapestry, Coach

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
Fashion, Retail, Merrill (company), Sale, Acquisition, NYSE, Telephone, Attention, Security (finance), Kate Spade, J. P. Morgan, Form, Investment, Managed file transfer, Varick Street, Morgan Stanley, Bank Street, 2nd Floor, Note, Prospectus, BofA Securities, Hand, External commercial borrowing, Coach, Capri, Tapestry

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
Luxury, Technology, Electronic Commerce, Manufacturing, Machinery, Fashion, Hardware, Supply Chain Management, Retail, Online Retail, Fulfillment, NYSE, Clarion Partners, City, Kate Spade, Economic development, House, Commerce, Multimedia, Tapestry, Inc., NVFC, SVP, Ruth, Innovation, Industrialisation, Environment, JLL, E-commerce, Hotel, Warehouse, Coach, Tapestry, Engineering

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.