Tapestry CEO praises China teams’ swift actions
The CEO of leathergoods and shoe group Tapestry has praised the “incredible work” of is teams in China who helped to “navigate the coronavirus crisis”.
The US-based group is temporarily closing Coach, Kate Spade and Stuart Weitzman stores in North America and Europe to help reduce the spread of COVID-19, but is keeping its online presence.
Employees will continue to be paid.
Tapestry CEO Jide Zeitlin said: “I want to recognise the incredible work our teams in Asia generally and China specifically have done to successfully navigate the crisis. They acted swiftly and decisively and serve as an inspiration to our entire organisation.
“While these are unprecedented times, I am confident the Tapestry team has come together to meet the challenge. Our commitment to our values and to each other is unwavering, and I am proud to lead our resilient group of more than 21,000 colleagues around the world.”
While most stores in China have reopened, there have been additional closures in Asia.
