Darrell Cavens Joins Tapestry Board of Directors
July 10 2018 - 6:45AM
Business Wire
Brings Board Membership to Eleven
Tapestry, Inc. (NYSE:TPR), a leading New York-based house of
modern luxury accessories and lifestyle brands, today announced
that Darrell Cavens has been appointed to Tapestry’s Board of
Directors. The appointment of Mr. Cavens to the Board brings the
membership to eleven.
Victor Luis, Chief Executive Officer of Tapestry, Inc., said,
"We are extremely pleased that Darrell Cavens has agreed to join
our Board. As we continue to further develop our digital strategy
across our portfolio of brands, Darrell’s deep experience in online
retailing, technology and data analytics will be invaluable
assets."
"The Tapestry Board seeks to bring a diversity of experiences
and perspectives to our deliberations. We are delighted to have
found a true digital innovator and entrepreneur in Darrell," said
Jide Zeitlin, Chairman of the Board of Tapestry, Inc. "I am certain
he will bring important and unique insights to our conversation as
Tapestry navigates an increasingly dynamic retail environment."
Darrell Cavens became President, New Ventures for the Qurate
Retail Group in December 2017. In this role, Mr. Cavens leads a
team responsible for driving innovative retail concepts and looking
beyond the Qurate Retail Group’s current business for additional
growth opportunities, through internal innovation, strategic
partnerships, joint ventures and acquisitions.
Mr. Cavens was previously President and Chief Executive Officer
of zulily, which he co-founded. Under his leadership, zulily
secured private funding of $85 million, launched in January 2010,
went public in November 2013, and was acquired by Liberty
Interactive Corporation in October 2015, joining the QVC Group in a
transaction that was one of the largest e-Commerce acquisitions in
history. In 2017, zulily generated $1.6 billion in revenue.
Before co-founding zulily, Mr. Cavens spent a year at Microsoft
leading the BizTalk Server business and almost a decade at Blue
Nile, where he was Chief Technology Officer and Senior Vice
President of Marketing. Previously, he was at Starwave, a
Seattle-based internet company, working on large web properties
including ESPN.com and ABCNews.com.
Upon his appointment, Mr. Cavens said, "I am excited to be
joining the Board of Directors of Tapestry, a truly innovative,
brand led company. I look forward to supporting the company and
helping to inform its digital strategies as it continues to drive
long-term sustainable growth."
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," "anticipate," "evolve," "moving," "leveraging,"
"developing," "driving," "targeting," "assume," "plan," "pursue,"
"look forward 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 operational efficiency initiatives and
growth strategies and our ability to achieve intended benefits,
cost savings and synergies from acquisitions, the impact of tax
legislation, etc. Please refer to the Company’s latest Annual
Report on Form 10-K, its Quarterly Report on Form 10-Q for the
period ended December 30, 2017 and its other filings with the
Securities and Exchange Commission for a complete list of risks and
important factors. The Company assumes no obligation to revise or
update any such forward-looking statements for any reason, except
as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20180710005088/en/
Tapestry, Inc.Analysts & Media:Andrea Shaw Resnick,
212-629-2618Global Head of Investor Relations and Corporate
Communicationsaresnick@tapestry.comorChristina Colone,
212-946-7252Senior Director, Investor
Relationsccolone@tapestry.com
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