Brings Board Membership to Eleven
Tapestry, Inc. (NYSE: TPR), a leading New York-based house of
iconic accessories and lifestyle brands consisting of Coach, Kate
Spade, and Stuart Weitzman, today announced that Alan Lau has been
appointed to Tapestry’s Board of Directors. The appointment of Mr.
Lau to the Board brings the membership to eleven.
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Alan Lau (Photo: Business Wire)
Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc.,
said, "We are extremely pleased that Alan Lau has agreed to join
our Board. As we continue to further refine our digital strategy
across our portfolio of brands, Alan’s broad experience in engaging
consumers across digital channels, leveraging technology and data
analytics, as well as deep knowledge of the important China market,
will be invaluable assets."
"The Tapestry Board seeks to bring a diversity of experiences
and perspectives to our deliberations. We are delighted to have
found a true digital innovator and entrepreneur in Alan," said Anne
Gates, Chair of the Board of Tapestry, Inc. "I am certain he will
bring important and unique insights to our conversation as Tapestry
navigates an increasingly fast-paced retail environment."
Alan Lau became Chief Business Officer for Animoca Brands in
July 2022. In this role, Mr. Lau oversees and provides support to
the company’s more than 340 portfolio companies and leads M&A
and business development.
Before joining Animoca Brands, Alan was chairman and CEO of
Tencent WeSure, a fintech company that he co-founded to offer
disruptive, affordable Internet insurance to WeChat users. WeSure
insures over 100 million families in China and is ranked the #1
insurtech platform by Hurun Institute. Prior to Tencent, he was
Asia head for McKinsey Digital, supporting both Big Tech companies
and sector incumbents to execute their digital strategy. Before
entering the tech space, Alan was in corporate finance, first at
Citibank and then at McKinsey & Company, where he was the
Greater China head for the Corporate Finance Practice, in charge of
M&A and deal structuring support. Alan is a recognized leader
in the art space, sitting on multiple museum boards including being
the vice-chair of M+ in Hong Kong and co-chair of the Asia
committees at both Tate and The Guggenheim. Alan obtained his
master’s degree in Engineering from Oxford University.
Upon his appointment, Mr. Lau said, "I am excited to be joining
the Board of Directors of Tapestry, a truly innovative, brand led
company. I look forward to supporting the company and helping to
inform both its digital strategies and global development plans as
it continues to drive long-term sustainable growth."
About Tapestry: 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 that can be identified by the use of
forward-looking terminology such as "may," "will," “can,” "should,"
"expect," “potential,” "intend," “plans to,” "estimate,"
"continue," "project," "guidance," "forecast," “outlook,” “commit,”
"anticipate," “goal,” “leveraging,” “sharpening,” transforming,”
“creating,” accelerating,” “enhancing,” “innovation,” “drive,”
“targeting,” “assume,” “plan,” “progress,” “confident,” “future,”
“uncertain,” “on track,” “achieve,” “strategic,” “growth,” “we see
significant growth opportunities,” “view,” “stretching 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 the Covid-19 pandemic, including impacts on our
supply chain, the ability to control costs and successfully execute
our growth strategies, expected economic trends, the ability to
anticipate consumer preferences, risks associated with operating in
international markets and our global sourcing activities, our
ability to achieve intended benefits, cost savings and synergies
from acquisitions, the risk of cybersecurity threats and privacy or
data security breaches, the impact of pending and potential future
legal proceedings, and the impact of legislation, etc. In addition,
purchases of shares of the Company’s common stock will be made
subject to market conditions and at prevailing market prices.
Please refer to the Company’s latest Annual Report on Form 10-K,
quarterly report on 10-Q 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230413005124/en/
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
Kelsey Mueller 212/946-8183 Director of Investor Relations
kmueller@tapestry.com
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