Announces Departure of Stuart Weitzman Creative Director Giovanni Morelli

5/21/18

NEW YORK--(BUSINESS WIRE)--Tapestry, Inc. (NYSE:TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today announced the resignation of Stuart Weitzman Creative Director Giovanni Morelli. The Company has commenced a search for a new creative leader.

“While we greatly admire Giovanni’s creative talents, Tapestry is committed to an environment where every individual feels respected and at times his behavior fell short of these standards. Looking ahead, we have the utmost confidence in the talented Stuart Weitzman design team under the direction of CEO and Brand President Eraldo Poletto, who has a proven track record of developing iconic brands and successfully building global teams,” said Victor Luis, Chief Executive Officer 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.

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