A few days ago, Coach chief executive Joshua Schulman denied the rumor that the brand creative director Stuart Vevers will leave, and stressed that the partnership between the brand and Stuart Vevers is very solid.
Joshua Schulman also said that the brand usually does not respond to rumors, but it is necessary to eliminate similar misunderstandings and rumors, but he did not disclose the specific content of the Stuart Vevers contract.
Earlier, there was an industry figure that if Stuart Vevers resigned the rumor, he would be the other most likely candidate to succeed Christopher Bailey as the creative director of Burberry. It is reported that Christopher Bailey will withdraw from the Burberry board in March 31st.
It is worth mentioning that, according to Coach’s parent company Tapestry group’s earnings in the three months to December 30th, its sales in December 30th rose by 35% to $1 billion 790 million, more than the expected $1 billion 770 million in Wall Street, the gross profit rate of 66%, and the net profit of 68.2% to 63 million 200 thousand U. S. dollars.