Coach CEO Joshua Schulman to depart

The Coach owner Tapestry has announced that it will open 40 of its stores in North America after the coronavirus pandemic hammered its business.Tapestry’s net sales fell 19.4% to $1.07 billion in the third quarter ended March 28.
Tapestry is hoping to recover from the sales damage caused by the coronavirus outbreak.
// Coach CEO Joshua Schulman will step down
// Tapestry CEO & chairman Jide Zeitlin will fill his shoes for the next 3 years
// Schulman joined Coach as brand president in 2017

Tapestry has announced that Coach chief executive and brand president Joshua Schulman will step down from his role.

Meanwhile, Tapestry chairman and chief executive Jide Zeitlin has committed to leading the group for the next three years.

Schulman had joined Coach in his newly-created role of brand president back in 2017.


READ MORE:


At the time, Coach announced that the former Coach global marketing president for North America, Andre Cohen, would be departing.

Tapestry, which owns Coach and Kate Spade among others, said Schulman will depart the organisation after a transition period.

Before joining Coach, Schulman was the chief executive of Jimmy Choo since 2007, as well as the managing director, international strategic alliances and senior vice president of Gap.

He has also held roles as executive vice president, worldwide merchandising and sales for Yves Saint Laurent; worldwide director, women’s ready-to-wear for Gucci; and senior account executive of Marc Jacobs.

During the search for his successor, Zeitlin will have direct oversight of Coach’s strategy and operations, working closely with the brand’s senior leadership team.

“Since becoming chief executive, I have had the opportunity to immerse myself in the company, including leading an in-depth review of the brands and businesses,” Zeitlin said.

“The review revealed attractive growth opportunities for Coach, Kate Spade and Stuart Weitzman, which we will unlock by further leveraging each brand’s differentiated positioning and strong consumer connections, powered by a modern, agile Tapestry platform.

“I will continue to work with our world-class teams to sharpen our focus on execution while driving our evolution to being a truly consumer-centric and data-driven organisation, which will ensure we deliver on the full potential of our entire portfolio and enhance returns for all stakeholders.”

Click here to sign up to Retail Gazette‘s free daily email newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here