Tapestry Appoints Joanne C. Crevoiserat Chief Financial 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 Joanne C. Crevoiserat, as Chief Financial Officer, effective August
1, 2019.

Ms. Crevoiserat joins from Abercrombie & Fitch Co., where she served as
Executive Vice President and Chief Operating Officer from February 2017
to June 2019. She joined Abercrombie & Fitch in May 2014 as Chief
Financial Officer. Prior to joining Abercrombie & Fitch, she served in a
number of senior management roles at Kohl’s Inc. including Executive
Vice President of Finance and Executive Vice President of Merchandise
Planning and Allocation. Prior to her time with Kohl’s, Ms. Crevoiserat
held senior finance positions with Wal-Mart Stores and May Department
Stores, including Chief Financial Officer of the Filene’s, Foley’s and
Famous-Barr Brands. She is a summa cum laude graduate of the University
of Connecticut where she received a Bachelor of Science degree in

“Joanne is a talented executive with over thirty years of deep finance,
operations and strategy experience within established retailers and
global brands,” said Victor Luis, Chief Executive Officer of Tapestry,
Inc. “She is well known for promoting an authentic and collaborative
culture with her team and colleagues and given her extensive experience,
Joanne is very familiar with the opportunities we have in front of us
today. As we continue to implement our portfolio strategy, I am
confident that Joanne is the right leader and strategic business partner
to our teams as we drive Tapestry’s next chapter of growth as a global
house of brands.”

“I am delighted to join Tapestry, an exceptional company with strong
global brands and a disciplined focus on financial results. I look
forward to partnering with the entire leadership team to drive value as
the firm executes its long-term global growth strategy,” said Ms.

Ms. Crevoiserat replaces Kevin Wills, who departed from Tapestry
in February 2019. Andrea Shaw Resnick, who has held the position of
Interim CFO since that time, will continue as Global Head of Investor
Relations and Corporate Communications. “Andrea is a proven leader who
ensured that we didn’t miss a beat during her time as interim CFO. Our
entire leadership team appreciates her important and ongoing
contributions to Tapestry,” added Mr. Luis.

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,” “drive,” “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.


Analysts & Media:
Andrea Shaw Resnick
Chief Financial Officer
Global Head of Investor Relations and
Corporate Communications

Christina Colone
Vice President, Investor Relations

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