Tapestry Inc. has made several new appointments to its senior management team, including a new CEO and president at both its Kate Spade and Stuart Weitzman brands, and a new president of Tapestry Asia Pacific.
New lines of Coach handbags helped Tapestry beat holiday quarter expectations on Thursday, sending its shares up 6%, even as the fashion house warned the coronavirus outbreak could dent its sales by up to $250 million.
One year ago, Tom Ford became Chairman of the Council of Fashion Designers of America, as the industry heralded a new dawn for NYC fashion. However, 12 months later, the season is strikingly denuded of many major names.
The fragrance company has announced record annual sales of $713.5 million for fiscal 2019, reporting particularly solid progress in its U.S.-based operations, where Guess, Abercrombie & Fitch and Hollister led gains.