Tapestry Partners With Black in Fashion Council
Tapestry, Inc. (NYSE: TPR) announced its commitment to the Black in Fashion Council's Active Allyship Pledge, aimed at advancing Black individuals in the fashion industry. CEO Joanne Crevoiserat highlighted the company's goal to enhance diversity within its leadership teams. Over the next three years, Tapestry will collaborate with BIFC Executive board members for guidance. Additionally, initiatives include partnering with HBCUs for talent sourcing fairs and launching a scholarship program through the Coach Foundation to support HBCU students. Tapestry has also been recognized for its diversity efforts.
- Commitment to Black in Fashion Council enhances company reputation and aligns with diversity goals.
- Collaboration with BIFC may lead to improved business practices and brand perception.
- Partnerships with HBCUs strengthen community relations and support diverse talent sourcing.
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Tapestry, Inc. (NYSE: TPR), a leading New York-based house of modern luxury accessories and lifestyle brands, today announced its participation in the Black in Fashion Council Active Allyship Pledge. Members of the Active Allyship program commit to joining together to secure the advancement of Black individuals in the fashion and beauty industry.
“We are proud to partner with the Black in Fashion Council and join them in their mission to ensure that Black individuals are represented and amplified in our industry,” said Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc. “We have committed to expanding diversity in our Tapestry and brand leadership teams. Working with the Council will help us to build upon the progress that we have made in achieving these goals.”
“As we now have over 100 brands signed on to work with the Black in Fashion Council, we couldn’t be more thrilled to be working with Tapestry brands on creating long-term change in the fashion industry,” said Sandrine Charles and Lindsay Peoples-Wagner, Co-Founders, Black in Fashion Council. “There is still so much work to be done, and it’s exciting to see influential houses like Tapestry commit to making our industry more inclusive.”
Over the course of the next three years, Tapestry will work with BIFC Executive board members, who will provide feedback, insight and counsel.
In celebration of Black History month and the announcement of this partnership, Tapestry will host a special edition of the Company’s discussion series called “Unscripted,” featuring BIFC co-founders Wagner and Charles. The discussion will center on diversity in fashion today and the actions that can create a more equitable, inclusive and diverse culture.
Additionally, Tapestry is proud to announce several exciting launches in honor of Black History Month. Tapestry’s employee resource group, the Black Alliance, has launched a new partnership with seven Historically Black Colleges and Universities (HBCUs) to host Talent and Sourcing Fairs beginning this month. Earlier this week, Coach announced the launch of the “Coach Dream It Real Scholarship Program” through the Coach Foundation created in partnership with the Thurgood Marshall College Fund to support students attending HBCUs. kate spade new york continues to work on fulfilling the commitment made in June 2020 to directly support the mental health and wellbeing of women and girls of color in the New York City area. The kate spade new york foundation is providing grants to organizations including The Lower Eastside Girls Club, The National Counsel for Behavioral Health, The Grace Institute and The Moth.
Dedicated to fostering a diverse and inclusive environment for employees, customers and the greater community, Tapestry is proud to be a member of the CEO Action for Diversity & Inclusion, and has been listed on the Forbes “Best Employers for Diversity” list for four consecutive years. Last month, the Company was named a “Best Place to Work for LGBTQ Equality” for the seventh consecutive year in the Human Rights Campaign’s 2021 Corporate Equality Index. The Company also has a thriving Inclusion Council that helps ensure that diverse perspectives are included in business decisions, and this past year has launched three employee resource groups, which are dedicated to celebrating Black, LGBTQ+ and working-parent employees and allies and building an even more inclusive community across Tapestry and its three brands.
To learn more about the Black in Fashion Council, visit https://www.blackinfashioncouncil.com/.
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," “strive “drive,” “targeting,” “assume,” “plan,” “progress,” “optimistic,” “future,” “look forward to,” “looking ahead,” 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 the impact of the Covid-19 pandemic, the ability to control costs and successfully execute our growth strategies, expected economic trends, the ability to anticipate consumer preferences, risks associated with operating in international markets and our global sourcing activities, our ability to achieve intended benefits, cost savings and synergies from acquisitions, the risk of cybersecurity threats and privacy or data security breaches, the impact of pending and potential future legal proceedings, and the impact of legislation, etc. Please refer to the Company’s latest Annual Report on Form 10-K, quarterly report on 10-Q 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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