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MarketScreener Homepage  >  Equities  >  Nyse  >  Tapestry Inc    TPR

TAPESTRY INC (TPR)
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Gay exec for Coach parent company Tapestry relentlessly sexually harassed straight VP: lawsuit

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05/30/2018 | 12:04am CEST

May 29--Oh, what a creepy web they weaved at Tapestry, Inc.

A lawsuit filed Tuesday accused a gay company executive of sexually harassing a straight co-worker, including "numerous unwanted touchings and endless comments" about oral and anal sex.

Defendant Giovanni Morelli was relentless in his same-sex come-ons toward plaintiff Thomas Gibb, who filed the 15-page suit in Manhattan Supreme Court.

"How is your d---?" Morelli allegedly asked Gibb during a March 2018 business trip to Spain. "Is there any way you would ever consider not being straight?"

Tapestry, Inc., owns the well-known brands Coach, Stuart Weitzman and Kate Spade.

The suit alleged that Morelli became obsessive about Gibb's genitals once the plaintiff was hired March 1 as Weitzman's vice president of footwear development.

Morelli asked Gibb about his package when the men first met, the "opening overture in what became a bombardment of offensive conduct," the lawsuit alleged.

Gibb alleged the company ignored his "multiple complaints" about Morelli's constant comments.

While Tapestry announced last week that Morelli resigned after one year as head designer and creative director of the shoe label, the lawsuit charged that he was actually fired for cause.

The same was true of company human resources executive Molly Rosen, who coddled Morelli and chuckled at his inappropriate antics, according to the lawsuit.

An email sent to Tapestry for comment was not returned.

Gibb recounted sending a May 4 complaint to Rosen after returning to work from the weekend only to find Morelli had drawn two large penises on a whiteboard in his office.

"Hahaha I'm dying," the lawsuit quotes Rosen as replying via email. "Giovanni?"

Morelli's inappropriate behavior further included introducing Gibb to people as "Tommy Straight."

During the Spanish trip, Morelli told a crowd of people that Gibb was so heterosexual that "even if I saw him with a d--- in his mouth, I wouldn't believe it."

The lawsuit by Gibb, a well-known figure in the fashion and footwear industry, seeks unspecified damages for "monetary and emotional harm" along with punitive damages.

___

(c)2018 New York Daily News

Visit New York Daily News at www.nydailynews.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2019 6 098 M
EBIT 2019 1 102 M
Net income 2019 821 M
Debt 2019 40,6 M
Yield 2019 2,55%
P/E ratio 2019 18,80
P/E ratio 2020 17,13
EV / Sales 2019 2,25x
EV / Sales 2020 2,06x
Capitalization 13 660 M
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 55,6 $
Spread / Average Target 4,6%
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Managers
NameTitle
Victor Luís Chief Executive Officer & Director
Todd Kahn President, Secretary, CAO & General Counsel
Olajide James Zeitlin Chairman
Kevin G. Wills Chief Financial Officer
Michael Braine Chief Information Officer
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