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MarketScreener Homepage  >  Equities  >  Nyse  >  Tapestry Inc    TPR

TAPESTRY INC

(TPR)
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Tapestry : names Tom Glaser as new chief operations officer

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06/01/2019 | 07:15am EDT

Tapestry, Inc. today announced the appointment of Tom Glaser as its next chief operations officer, effective July 15. The New York-based parent company to modern luxury brands including Coach, Kate Spade and Stuart Weitzman said in a press release that Glaser will be responsible for supply chain, product development and manufacturing resources. He will report to chief executive officer Victor Luis.

Glaser comes to Tapestry from VF Corporation, where he held the position of vice president, VF Corporation & president, supply chain. He oversaw all of the company's global manufacturing, sourcing and operations. He had been with VF Corporation since 2001, when he joined as managing director, VF Asia Ltd Sourcing in Hong Kong.

Toms leadership and outstanding operational track record at global multi-brand fashion companies make him an excellent addition to the Tapestry leadership team, said Luis. He is very well regarded for his strategic focus, team leadership, strong analytical and technical skills and exceptional business acumen.

"His experience in managing and transforming complex supply chains to deal with the endless innovation required by successful consumer franchises make him uniquely qualified to build upon the foundation that weve already created at Tapestry and I am looking forward to partnering closely with him in support of all our brands. Toms operational stewardship will be invaluable as we execute our long- term strategic plan.

(c) (C) 2019. Oman News Agency. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
TAPESTRY INC 3.37% 21.75 Delayed Quote.-35.56%
VF CORPORATION 1.39% 81.01 Delayed Quote.13.55%
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Financials (USD)
Sales 2020 6 147 M
EBIT 2020 927 M
Net income 2020 727 M
Debt 2020 297 M
Yield 2020 6,26%
P/E ratio 2020 8,46x
P/E ratio 2021 7,83x
EV / Sales2020 1,06x
EV / Sales2021 0,97x
Capitalization 6 239 M
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 28,04  $
Last Close Price 21,75  $
Spread / Highest target 148%
Spread / Average Target 28,9%
Spread / Lowest Target -17,2%
EPS Revisions
Managers
NameTitle
Victor Luís Chief Executive Officer & Director
Leonard Todd Kahn President, Secretary & Chief Legal Officer
Olajide James Zeitlin Chairman
Andrea Shaw Resnick CFO, Global Head-IR & Corporate Communications
Michael Braine Chief Information Officer
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