Tapestry, Inc. Appoints Tom Glaser as Chief Operations Officer

NEW YORK–(BUSINESS WIRE)–Tapestry, Inc. (NYSE: TPR), a leading New York-based house of modern
luxury accessories and lifestyle brands, today announced the appointment
of Thomas A. Glaser, as Chief Operations Officer, effective July 15,
2019. Mr. Glaser will have responsibility across the end-to-end supply
chain and the information technology backbone for Tapestry and its
brands with functional oversight including product development and
manufacturing resources, distribution, logistics, replenishment,
ecommerce fulfillment and IT. He will report directly to the company’s
Chief Executive Officer, Victor Luis.


Mr. Glaser joins Tapestry from VF Corporation, where he most recently
held the position of Vice President, VF Corporation & President, Supply
Chain, responsible for the oversight of all of the company’s global
manufacturing, sourcing and operations. Mr. Glaser joined VF in 2001 as
Managing Director, VF Asia Ltd Sourcing in Hong Kong, where he played a
key role in further diversifying and expanding VF’s global sourcing
network in support of the company’s growing portfolio of brands. In
2006, Mr. Glaser was named President, Supply Chain, Europe/Asia. In
2010, he was promoted to Vice President, Global Operations, a role that
he held until being appointed to his most recent position as President,
Supply Chain, in January 2012.

Prior to joining VF, Mr. Glaser served as Vice President of Sourcing and
Operations for various brands of Phillips-Van Heusen (PVH). He began his
career at PVH, where he held sales and sourcing management positions
within the company’s North America and Asia divisions.

Mr. Glaser holds a bachelor’s degree in government and economics from
Franklin & Marshall College.

“Tom’s leadership and outstanding operational track record at global
multi-brand fashion companies make him an excellent addition to the
Tapestry leadership team,” said Victor Luis, Chief Executive Officer of
Tapestry, Inc. “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 we’ve already created at Tapestry and I am looking
forward to partnering closely with him in support of all our brands.
Tom’s operational stewardship will be invaluable as we execute our long-
term strategic plan.”

“Tapestry is an exceptional company with brands I’ve long admired, a
history of authenticity and craftsmanship and a culture based on values
that truly resonate with me. I look forward to contributing to its
continued operational excellence and partnering with the entire team,”
said Mr. Glaser.

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 ERP implementation and growth strategies,
our ability to achieve intended benefits, cost savings and synergies
from acquisitions, the risk of cybersecurity threats and privacy or data
security breaches and the impact of tax legislation, etc. Please refer
to the Company’s latest Annual Report on Form 10-K and its other filings
with the Securities and Exchange Commission for a complete list of risks
and important factors.

Contacts

Tapestry, Inc.
Analysts & Media:
Andrea Shaw Resnick
Interim
Chief Financial Officer
Global Head of Investor Relations and
Corporate Communications
212/629-2618
Christina Colone
Vice
President, Investor Relations
212/946-7252

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