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MarketScreener Homepage  >  Equities  >  Nyse  >  Tapestry Inc    TPR

TAPESTRY INC (TPR)
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Tapestry : kate spade new york Statement on Passing of Founder

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06/07/2018 | 04:55am EST

(AETOS Wire) -- Tapestry, Inc. (NYSE: TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, addresses the passing of kate spade new york founder, Kate Spade.

We at kate spade new york just learned of the incredibly sad news that Kate Spade has passed. Although Kate has not been affiliated with the brand for more than a decade, she and her husband and creative partner, Andy, were the founders of our beloved brand. Kate will be dearly missed. Our thoughts are with Andy and the entire Spade family at this time.

kate spade new york was founded in 1993 debuting with just six handbag silhouettes, combining sleek, utilitarian shapes and colorful palettes in an entirely new way. In 2007, spade turned the reins to design powerhouse kate spade & company (formerly known as liz claiborne, inc.). kate spade new york has grown into a global lifestyle brand, aiming to inspire colorful living through the collection’s handbags and clothing, jewelry, shoes, stationery, eyewear, baby, fragrance, tabletop, bedding and gifts. Crisp color, graphic prints and playful sophistication are the hallmarks of kate spade new york. The brand’s exuberant approach to the everyday encourages personal style with a dash of incandescent charm. kate spade new york is a company of Tapestry, Inc.

Tapestry, Inc. is a New York-based house of modern luxury lifestyle brands. The Company’s portfolio includes Coach, Kate Spade and Stuart Weitzman. Our Company and our brands are founded upon a creative and consumer-led view of luxury that stands for inclusivity and approachability. 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. To learn more about Tapestry, please visit www.tapestry.com. 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, statements that can be identified by the use of forward-looking terminology such as may, will, “can,” should, expect, intend, estimate, continue, project, guidance, forecast, anticipated, “moving,” “leveraging,” “targeting,” “assume,” “plan,” “pursue,” “look forward to,” “on track to return,” “to achieve” 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 expected economic trends, the ability to anticipate consumer preferences, the ability to control costs and successfully execute our transformation and operational efficiency initiatives and growth strategies and our ability to achieve intended benefits, cost savings and synergies from acquisitions, etc. Please refer to the Company’s latest Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and its other filings with the Securities and Exchange Commission for a complete list of risks and important factors.

(c) 2018 CNPHUB - All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 6 162 M
EBIT 2019 1 068 M
Net income 2019 792 M
Finance 2019 23,4 M
Yield 2019 3,70%
P/E ratio 2019 13,57
P/E ratio 2020 11,77
EV / Sales 2019 1,71x
EV / Sales 2020 1,54x
Capitalization 10 534 M
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Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 51,1 $
Spread / Average Target 41%
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NameTitle
Victor Luís Chief Executive Officer & Director
Leonard 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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