Tapestry, Inc. Announces $2,000,000 Commitment From the Coach Foundation to Support New York City Small Businesses Affected...
March 27 2020 - 2:59PM
Business Wire
Tapestry, Inc. (NYSE: TPR), a leading New York-based house of
modern luxury accessories and lifestyle brands, today announced
that the Company’s Coach Foundation will commit $2,000,000 to
support NYC Department of Small Business Services (SBS) Small
Business Continuity Fund for businesses affected by COVID-19.
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Tapestry’s Coach Foundation, together with Goldman Sachs 10,000
Small Businesses, Goldman Sachs Foundation, Pursuit and New York
City, are anchor partners in this public-private partnership. The
Small Business Continuity Fund will offer financial assistance to
small businesses in New York City as they deal with various
challenges in response to the novel coronavirus.
In addition, our foundations will match gifts made by Tapestry
employees in North America to support qualified charitable COVID-19
causes, up to $10,000 per employee under Tapestry’s matching gift
program. The Coach Foundation will also make an additional
contribution to an organization crowd-sourced by employees in North
America.
“It is in times of uncertainty when large corporations can have
the greatest impact on the communities in which we live and work.
Now is an important moment for us to invest capital and our global
insights into the city where each of our three brands were
founded,” said Jide Zeitlin, Chairman and Chief Executive Officer
of Tapestry, Inc. and Chairman of the Coach Foundation. “Coach,
Kate Spade and Stuart Weitzman were once small businesses here in
New York City, and we are proud to partner with New York City and
with Goldman Sachs through the Coach Foundation to help small
businesses in our home city. We can help get them back on their
feet during these extraordinary times.”
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.
About the Coach Foundation
Founded in 2008, the Coach Foundation brings our philanthropic
initiatives to life. To date it has granted more than $50 million
to nonprofit partners all over the world. For more information on
Tapestry’s philanthropic initiatives, please visit Our Social
Fabric at www.tapestry.com/responsibility.
About the Department of Small Business Services (SBS)
SBS helps unlock economic potential and create economic security
for all New Yorkers by connecting New Yorkers to good jobs,
creating stronger businesses, and building vibrant neighborhoods
across the five boroughs. For more information, visit
nyc.gov/sbs.
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version on businesswire.com: https://www.businesswire.com/news/home/20200327005471/en/
Tapestry, Inc. Analysts & Media: Andrea Shaw Resnick Global
Head of Investor Relations and Corporate Communications
212/629-2618 aresnick@tapestry.com Christina Colone Vice President,
Investor Relations 212/946-7252 ccolone@tapestry.com Aimée Leabon
Director, Corporate Communications 212/615-2040
aleabon@tapestry.com
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