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    Tapestry Inc (TPR)

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    Tapestry, Inc. is a New York-based company that operates as a house of iconic accessories and lifestyle brands, including Coach, Kate Spade, and Stuart Weitzman. The company is dedicated to innovation and authenticity, offering distinctive products and customer experiences across various channels and geographies . Tapestry's revenue is primarily generated through direct-to-consumer channels, including retail stores and e-commerce, as well as wholesale and licensing businesses .

    1. Coach - A global fashion house known for its accessories and lifestyle collections, contributing significantly to the company's net sales.
    2. Kate Spade - A global lifestyle brand recognized for its colorful and bold designs, playing a major role in the company's offerings.
    3. Stuart Weitzman - A luxury footwear brand that adds to the company's diverse portfolio with its high-end shoe collections.
    NamePositionExternal RolesShort Bio

    David Howard

    Executive

    General Counsel & Secretary

    None

    General Counsel since June 2020 and Secretary since August 2020. Previously held legal roles at Mirant Corporation and Arnall Golden Gregory.

    Denise Kulikowsky

    Executive

    Chief People Officer

    None

    Chief People Officer since October 2023. Previously held HR leadership roles at Party City, Estée Lauder, and Gap Inc.

    Joanne Crevoiserat

    Executive

    Chief Executive Officer

    Board Member at General Motors Co.

    CEO of TPR since October 2020. Previously CFO of TPR and held senior roles at Abercrombie & Fitch, Kohl's, and Walmart.

    Scott Roe

    Executive

    Chief Financial Officer & COO

    None

    CFO since June 2021 and COO since August 2022. Previously CFO at VF Corporation.

    Todd Kahn

    Executive

    CEO & Brand President, Coach

    None

    CEO & Brand President of Coach since April 2021. Previously held legal and administrative roles at TPR.

    Alan Lau

    Board

    Director

    Chief Business Officer at Animoca Brands, Vice-chair at M+, Co-chair at Tate and Guggenheim Asia Committees

    Former Chairman and CEO of Tencent WeSure. Expertise in digital strategy and fintech.

    Annabelle Yu Long

    Board

    Director

    Founding Partner at BAI Capital, Board Member at NIO Inc. and LexinFintech

    Investment expert with deep knowledge of the Chinese consumer market and media landscape.

    Anne Gates

    Board

    Independent Chair of the Board

    Board Member at Kroger, Raymond James Financial, Cynosure, UC Berkeley Foundation, Packard Foundation

    Chair of TPR's Board since 2021. Former President of MGA Entertainment and senior executive at Disney.

    Darrell Cavens

    Board

    Director

    Director at Rad Power Bikes and Vouched, Advisory Board Member at Brooks Running

    Co-founder and former CEO of Zulily. Expertise in e-commerce and digital strategy.

    David Elkins

    Board

    Director

    EVP & CFO at Bristol Myers Squibb

    CFO of Bristol Myers Squibb. Extensive experience in finance and M&A.

    Hanneke Faber

    Board

    Director

    CEO of Logitech, Board Member at Pepsi-Lipton JV, Chair at World Business Council for Sustainable Development

    CEO of Logitech. Nearly 30 years of experience in consumer goods, retail, and technology.

    John P. Bilbrey

    Board

    Director

    Executive Chairman of Olaplex Holdings, Board Member at Colgate-Palmolive and Elanco Animal Health

    Former CEO of Hershey Company. Extensive experience in consumer goods and retail.

    Kevin Hourican

    Board

    Director

    President & CEO of Sysco Corporation, Board Member at Sysco

    CEO of Sysco Corporation. Leads large-scale transformation initiatives.

    Pamela Lifford

    Board

    Director

    None

    Former President of Warner Bros. Global Brands. Expertise in brand management and licensing.

    Thomas Greco

    Board

    Director

    Director at Centene Corporation

    Former CEO of Advance Auto Parts and Frito-Lay North America. Expertise in strategy and supply chain.

    1. Given the district court's preliminary injunction on the Capri acquisition and your subsequent appeal, how will a potential deal break impact your capital allocation priorities, and what specific actions are you planning to enhance shareholder value in that scenario?

    2. With Kate Spade experiencing revenue declines and profit margin expansion primarily driven by cost management, what immediate steps are you taking to reignite top-line growth for the brand and address any execution challenges?

    3. In North America, you reported a 1% sales decline due to a planned decrease in wholesale, which impacted the quarter but is not expected to repeat; can you elaborate on how you plan to drive sequential improvement and achieve modest growth in this region for the rest of the fiscal year?

    4. Despite a 5% revenue decline in Greater China, you've increased top-of-funnel marketing investments in the region; how confident are you in seeing a return on these investments given the challenging market conditions, and what metrics are you using to measure success?

    5. Inventory levels at quarter-end were 9% above the prior year due to higher in-transits; how are you managing the risk of excess inventory, especially entering the holiday season, and what strategies are in place to align inventory levels with consumer demand?

    Program DetailsProgram 1
    Approval DateMay 12, 2022
    End Date/DurationNo specified end date
    Total additional amount$1.50 billion
    Remaining authorization amount$800 million
    DetailsShares repurchased will become authorized but unissued shares, which may be issued in the future for general corporate and other purposes. The company may terminate or limit the program at any time.
    YearAmount Due (millions)Debt TypeInterest Rate% of Total Debt
    2025$500.0 7.050% Senior Notes7.050% 6.8% = ($500.0 / $7,311.7) * 100
    2025$558.3 5.350% EUR Senior Notes5.350% 7.6% = ($558.3 / $7,311.7) * 100
    2026$750.0 7.000% Senior Notes7.000% 10.3% = ($750.0 / $7,311.7) * 100
    2027$396.6 4.125% Senior Notes4.125% 5.4% = ($396.6 / $7,311.7) * 100
    2027$558.3 5.375% EUR Senior Notes5.375% 7.6% = ($558.3 / $7,311.7) * 100
    2028$1,000.0 7.350% Senior Notes7.350% 13.7% = ($1,000.0 / $7,311.7) * 100
    2030$1,000.0 7.700% Senior Notes7.700% 13.7% = ($1,000.0 / $7,311.7) * 100
    2031$558.3 5.875% EUR Senior Notes5.875% 7.6% = ($558.3 / $7,311.7) * 100
    2032$500.0 3.050% Senior Notes3.050% 6.8% = ($500.0 / $7,311.7) * 100
    2033$1,250.0 7.850% Senior Notes7.850% 17.1% = ($1,250.0 / $7,311.7) * 100
    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLP2002 PresentCurrent auditor

    No recent press releases or 8-K filings found for TPR.