NEW YORK--(BUSINESS WIRE)--Jun. 24, 2013--
Coach, Inc. (NYSE: COH, SEHK: 6388), a leading marketer of modern
classic American accessories, today announced the appointment of Stuart
Vevers as Executive Creative Director.
“The appointment of Stuart Vevers marks an important milestone in our
brand transformation, currently underway,” said Lew Frankfort, Chairman
and Chief Executive Officer of Coach, Inc. “We are extremely pleased
that he will be leading our strong creative team already in place,
bringing his unique aesthetic and personal style to Coach. His depth and
breadth of experience will be an invaluable asset to the business in
general - and the design team in particular - as we continue to evolve
the brand.”
Reporting directly to Coach’s President and Chief Commercial Officer,
Victor Luis, Mr. Vevers will be responsible for leading all creative
aspects of the Coach brand, including women’s and men’s design, brand
imagery, and store environments.
Mr. Vevers joins Coach from Loewe where he held the role of Creative
Director since 2008. Prior to Loewe, he served as Creative Director of
Mulberry from 2005 to 2008. He started his career at Calvin Klein, and
his extensive luxury experience and recognition as one of the most
prominent creative leaders in his field has resulted from his successful
contributions in critical roles with Bottega Veneta, Givenchy, and Louis
Vuitton. In 2006, Mr. Vevers won the British Fashion Council’s Accessory
Designer of the Year award.
Victor Luis added, “Stuart is recognized as one of the world’s leading
accessories designers. His passion, leadership skills, and broad luxury
brand experience, focused on leathergoods, uniquely qualify him to lead
the next chapter of Coach. I am confident that his creative expertise -
grounded in accessories - will enable him to draw upon Coach’s rich
history to create innovative product and brand imagery, elevating the
customer experience and creating a fuller expression of the brand.”
“Coach is an exceptional brand and company that I’ve long admired for
its rich heritage,” said Mr. Vevers. “I am excited to drive Coach’s next
stage of transformation.”
Mr. Vevers succeeds Reed Krakoff who informed the company of his
decision not to renew his contract to focus exclusively on his namesake
brand. "We have great admiration for Reed’s accomplishments” said Lew
Frankfort. "We wish him every success in the future and look forward to
welcoming Stuart.”
Coach, with headquarters in New York, is a leading American marketer of
fine accessories and gifts for women and men, including handbags, men’s
bags, women’s and men’s small leathergoods, footwear, outerwear,
watches, weekend and travel accessories, scarves, sunwear, fragrance,
jewelry and related accessories. Coach is sold worldwide through Coach
stores, select department stores and specialty stores, and through
Coach’s website at www.coach.com.
Coach’s common stock is traded on the New York Stock Exchange under the
symbol COH and Coach’s Hong Kong Depositary Receipts are traded on The
Stock Exchange of Hong Kong Limited under the symbol 6388.
Neither the Hong Kong Depositary Receipts nor the Hong Kong
Depositary Shares evidenced thereby have been or will be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States or to, or for
the account of, a U.S. Person (within the meaning of Regulation S under
the Securities Act), absent registration or an applicable exemption from
the registration requirements. Hedging transactions involving these
securities may not be conducted unless in compliance with the Securities
Act.
This press release contains forward-looking statements based on
management's current expectations. These statements can be identified by
the use of forward-looking terminology such as "may," "will," "should,"
"expect," "intend," “ahead,” "estimate," "on track," “on course,”
“forward to,” “future,” “to lead,” "are positioned to," "continue,"
"project," "guidance," “target,” "forecast," "anticipated," or
comparable terms. Future results may differ materially from management's
current expectations, based upon risks and uncertainties such as
expected economic trends, the ability to anticipate consumer
preferences, the ability to control costs, etc. Please refer to Coach’s
latest Annual Report on Form 10-K and its Quarterly Report on Form 10-Q
for the quarterly period ended March 30, 2013 for a complete list of
risk factors.
Source: Coach, Inc.
Coach
Analysts & Media:
Andrea Shaw Resnick, 212-629-2618
SVP
Investor Relations & Corporate Communications
or
Consumer
& Fashion Media:
Jason Weisenfeld, 212-946-3850
SVP Global
Brand Communications
