Two members of Tapestry’s Black Alliance EBRG are doing just that.

“It wasn’t my plan to come in [to the Black Alliance ERBG] at the lowest level and find my way to the top,” says Jason Livingston, Manager of Procurement and Vendor Engagement at Tapestry.

When first becoming involved with the EBRG group, Livingston says his thinking was only, “I like what’s going on here, I like what they’re trying to build, I want to participate. My journey [into the co-lead role] has been one of availability.”

Livingston first stepped into the group by volunteering as a marketing coordinator, segueing into philanthropy, and as he tells it, “someone left, so I got elevated from coordinator to co-lead because someone said, ‘Jason can do it.’”

As much as he downplays it, Livingston’s work in Black Alliance is a natural fit. Not only is it an extension of his full-time role helping to connect Tapestry with varied vendors, but it also allows him to follow his personal interests through experiences and events while connecting with others.

The Black Alliance’s “Bookish Book Club for instance — I was already reading Black authors and content related to the Black community. The only difference is that now I’m talking to people in the community about what I’m reading,” Livingston says. “I was already going to museums and Black History Month cultural events, now I do it with my Tapestry community.”

The Bookish Book Club is just one of the events the EBRG hosted in honor of Black History Month. Throughout February, members also heard an “Unscripted” conversation with United Airlines captain, Carole Hopson, and attended a Black History Month Kitchen Takeover and an end-of-month celebration at Hudson Yards.

FROM ON MUTE TO VOLUME UP
For Carmen Williams, General Manager for Coach in Southern California, entry into the Black Alliance EBRG also started quietly – by showing up.

“When I first joined the calls, I would be on Zoom on mute,” Williams remembers. “I would unmute myself, say something once in a while, and then immediately mute again.”

Soon enough, Williams — who’s been a Coach General Manager for 17 years — realized others on the call listened to and valued her ideas. “I did have a voice, I did have a seat at the table, and I was making an impact — even when I was just listening,” she says.

With steady participation, Williams began to see the opportunities Black Alliance provided for Tapestry employees, namely: leadership, networking, philanthropy.

From listening on mute, Williams was invited to become more involved, eventually becoming lead of the Professional Development pillar where she co-created career growth programming. Now as part of Williams’ role as a Black Alliance Co-lead, she regularly advocates for virtual access to meetings and events for retail and fulfillment center employees.

“The store population of Tapestry is the largest employee populations in our company,” Williams says. “If we’re talking about people first, this needs to be louder.”

For Williams, it’s Tapestry’s value of “Embracing Difference By Design” that resonates most as a leader — both in her full-time role and as Black Alliance co-lead.

“I want to be an ally because I have over 100 people on my team [as a general manager] and I need to be able to relate to their diverse needs,” says Williams, who is also a member of Prouder Together and Juntos Unidos EBRGs.

CREATING SPACE FOR LEADERS TO RISE
Both Livingston and Williams’ stories prove that confidence often builds within a supportive community. And they credit Tapestry with creating space and resources to allow them to join that community and evolve into leadership roles.

“Tapestry has done an excellent job of allowing this space to happen,” Livingston says. “For all the EBRG groups, we get to do certain events, host speakers, and there’s the space to do them.”

Williams says EBRGs like Black Alliance are a crucial part of retaining talent.  “EBRGs gives people the opportunity to take a deep breath and say ‘I definitely belong.’ Inclusion and belonging is key to what we do.”

In the end, the leaders who leave the deepest mark didn’t always have a blueprint. Instead they’re the ones who consistently participated, took action, and let their growth as a leader speak for itself.

As Livingston says it best, “Participation matters at every level. You don’t have to lead — you just have to show up.”

Zurich, Switzerland, February 17, 2026 – Climeworks, a global leader in carbon removal solutions, and Tapestry, Inc. (NYSE: TPR), the parent company of Coach and kate spade new york, today announced a new partnership focused on scaling high-quality carbon removal as part of their broader approach to decarbonization.

Through this 10-year agreement, Tapestry has made its first purchase of carbon removals, accessing Climeworks’ most diversified carbon removal portfolio to date. The portfolio combines five high-quality carbon removal pathways, both engineered and nature-based, reflecting a shared commitment to innovation, risk diversification and long-term climate impact.

Sourced by Climeworks’ scientific team, the portfolio includes projects that represent cutting‑edge developments in carbon removal, from accelerating natural mineral processes to generating renewable energy with permanent CO₂ storage and removing CO₂ directly from the air. These approaches are some of the most innovative and scientifically robust carbon removal solutions available today, while delivering strong co-benefits on land and communities. The partnership reflects Tapestry’s ambition to integrate climate‑responsible practices into our business and Climeworks’ leadership in scaling trusted, science-based carbon removal solutions globally.

Tapestry is Climeworks’ first North American customer in the fashion, retail and larger consumer goods industry, underscoring the sector’s increasing interest in carbon removal and more broadly, decarbonization. The company will be using Climeworks’ carbon removal solutions to address its Scope 1 emissions and advance its long-term climate goals.

“We’re thrilled to partner with Tapestry, which is leading the way in fashion,” said Adrian Siegrist, Chief Commercial Officer of Climeworks. “This collaboration not only underscores the retail sector’s growing commitment to climate action, but also shows Climeworks’ leadership in carbon removal portfolio services. Customers are increasingly seeking diversified portfolios of high-quality carbon removal solutions to manage risk and secure timely delivery today, and Climeworks is uniquely positioned to answer that need”.

“At Tapestry, we are focused on reducing emissions across our value chain while investing in solutions that help build a resilient, low-carbon future,” said Logan Duran, Global Head of ESG & Sustainability. “Working with Climeworks allows us to address our Scope 1 emissions through high-quality carbon removal, while supporting innovation and market development in this emerging climate solution space.”

About Tapestry, Inc.

Our global house of iconic accessories and lifestyle brands unites the magic of Coach and kate spade new york. Together, we stretch what’s possible – advancing brands further than they could go alone, expanding their reach to new geographies and generations. Inspired by our consumers, we create experiences and products that build lasting brand love and elevate everyday life. To learn more about Tapestry, please visit tapestry.com.

About Climeworks

Climeworks is a leading high-quality carbon removal provider, combining decades of expertise in Direct Air Capture (DAC) technology with holistic carbon removal solutions.

Climeworks offers an end-to-end enterprise service for premium carbon removal. Its tailored portfolios of nature-based and engineered solutions are designed to maximize business value and minimize risks. The company runs the world’s first two DAC plants in Iceland, demonstrating its core commitment to high-quality carbon removal that is backed by over 15 years of pioneering research, development, and deployment.

By advancing the most reliable solutions in the market, Climeworks accelerates the global transition to net zero, unlocking economic value for businesses, governments, and society.

This partnership was a key element in Tapestry’s 2025 achievement of using 100% renewable electricity across its global stores, offices, and fulfillment centers, while also helping bring new clean energy online for the communities where it operates.

“This partnership demonstrates how we’re integrating sustainability into the way we operate,” said Logan Duran, Global Head of ESG & Sustainability at Tapestry. “By investing in community solar, we’re supporting solutions that deliver measurable environmental impact while also strengthening local communities.”

As Tapestry continues to invest in long-term clean energy solutions and trusted partnerships, collaborations like this one with Pivot Energy reflect the company’s commitment to responsible business practices and a more resilient, low-carbon future.

To learn more about how this project fits into Tapestry’s broader climate approach and community impact efforts, read the full FY25 Corporate Responsibility Report, The Fabric of Change.

The report highlights the company’s work across four pillars: Create Products with Care, Sustain the Planet, Uplift Our Communities and the Power of Our People. It also marks the introduction of Tapestry’s 2030 goals, the next chapter in the company’s journey toward responsible business.

“I’m proud of the work Tapestry is doing to build an even more resilient, agile and purpose-led business,” said Joanne Crevoiserat, CEO, Tapestry. “Our people are brand-builders and innovators, and they are fueling our progress toward a better-made future.”

Key highlights from FY2025 include:

• Tapestry made significant strides in scaling the use of environmentally preferred materials across our products using a holistic sourcing approach and leveraging new technology to deepen our understanding of sustainability challenges across our value chain. In FY2025, the company reached 96% raw material mapping, meeting Tapestry’s traceability goal.
• Recognizing that climate change is a complex issue that impacts water, biodiversity and social equity, Tapestry continued to advance efforts to drive resilience and innovation. The company is proud to report that it achieved 100% renewable electricity across Tapestry-operated stores, offices and fulfillment centers.
• As a purpose-driven company, Tapestry continued to deepen its commitment to uplifting the communities where the company and its people live, work and make our products. In FY2025, employees contributed 53,000+ volunteer hours, bringing Tapestry to more than 303,000 hours toward its 2030 goal of 500,000 hours.
• At Tapestry, people are at the heart of the business. In FY2025, Tapestry continued to focus on building a culture where employees feel connected, supported and empowered to contribute their authentic perspectives. Employees fuel the creativity and innovation that define Tapestry and its brands, making culture an accelerator for business success. In FY2025, Tapestry employees engaged in over 2600 hours of learning on LinkedIn, demonstrating a passion for continuous growth and skill-building.

“Our efforts in corporate responsibility are grounded in data and aligned with the industry’s best practices. Stakeholder expectations remain high,” said Logan Duran, Global Head of ESG and Sustainability. “We’re working to meet these expectations with decisions that reflect where our consumer is headed and what tomorrow demands. This work is how we stay relevant, responsible and ready for what’s next. We’re not perfect, but we’re committed.”

Building on Progress
Building on a solid foundation, Tapestry has set new 2030 goals that extend beyond the company’s owned operations. These include carbon reduction strategies, supporting supply chain partners in procuring renewable energy, advancing circularity through materials and innovative business models, evolving our employee engagement strategy and deepening our commitment to supporting workers across the supply chain. Read more about our goals in the FY2025 report.

Tapestry is also focused on maintaining its commitment to multi-year, material investments to strengthen global leather supply chains. The company has developed a comprehensive approach that weaves together long-standing supplier relationships, credible third-party verification systems, technology-driven traceability solutions and deep partnerships with leading environmental organizations including the World Wildlife Fund, Textile Exchange, Leather Working Group and the Ellen MacArthur Foundation. This strategy is guided by a clear vision: ensuring that the leather used in the company’s products contributes to thriving ecosystems and communities while building a more transparent and resilient fashion industry for the future.

About the FY2025 Corporate Responsibility Report
The report provides an overview of Tapestry’s corporate responsibility strategy and progress during FY2025 (June 30, 2024 – June 28, 2025). It is aligned with leading global reporting frameworks, including GRI, SASB and TCFD.

The full report is available at: www.tapestry.com/responsibility.

About Tapestry, Inc.
Our global house of iconic accessories and lifestyle brands unites the magic of Coach and kate spade new york. Together, we stretch what’s possible – advancing brands further than they could go alone, expanding their reach to new geographies and generations. Inspired by our consumers, we create experiences and products that build lasting brand love and elevate everyday life. To learn more about Tapestry, please visit www.tapestry.com.

Tapestry, Inc.
Media:
Jackie Albano
Senior Director, External Communications
646/656-9645
JAlbano@tapestry.com

Across powerful conversations with speakers including Kenneth Cole, Tara Davis-Woodhall, Masai Russell, Alyson Stoner, and Joy Woods, the summit highlighted a shared belief: that mental health is not separate from empowerment, it’s the foundation of it. Topics ranged from navigating digital pressures and financial anxiety to redefining authenticity and friendship in today’s world.

The gathering also marked another milestone in Kate Spade’s decade-long commitment to women’s mental health. Through its Global Fund for Women’s Mental Health, launched in 2024, the brand aims to reach 250,000 women and girls with access to community-based care by 2030. Backed by more than $35 million invested to date and supported by partners like Lululemon, Pinterest, and Adyen, the fund reflects Kate Spade’s belief that purpose can create measurable impact.

“As a brand rooted in joy, we know that good mental health is essential to helping women access their authentic voice, choice, and power,” said Taryn Bird, Executive Director of Social Impact at Kate Spade New York.

Through initiatives like this summit, Kate Spade continues to show what it means for a fashion brand to lead with heart by turning optimism into action and proving that joy can be a powerful force for change.

Listen to the episode in full: https://www.twilio.com/en-us/resource-center/podcasts/leading-with-intention-how-tapestry-builds-modern-luxury-at-scale

In the episode titled “Leading with Intention,” Sandeep shared his vision for Tapestry as a brand-building growth engine, as well as compelling stories from Tapestry’s ethnographic research, which includes visits to consumers’ homes across different markets. This research helps us understand not just what customers say, but what they express—the emotions and needs that create truly authentic brand connections.

One of the most surprising revelations: Gen Z consumers are far more physical than digital, leading to record store visits. Sandeep explained how this generation doesn’t see technology as revolutionary because it existed before they were born, making authentic in-person experiences more valuable than ever.

In the episode, Sandeep also gets personal about his leadership philosophy, sharing how he takes the subway to observe customers and why he intentionally keeps his calendar lighter to make time for strategic thinking. His perspective on balancing authenticity with innovation, and his approach to seamless omnichannel experiences, offers valuable insights in modern brand building.

The partnership will fortify Tapestry supply chain resilience and help to further align with our next-gen consumers, while allowing Gen Phoenix to expand its scalability and commercial potential. For both, it symbolizes an ongoing commitment to sustainability and materials innovation.

Read the full Gen Phoenix press release on PRNewswire: https://www.prnewswire.com/news-releases/gen-phoenix-secures-15m-investment-round-as-tapestry-expands-strategic-partnership-with-supply-agreement-302505015.html

Published Wed, Jun 25 2025 8:00 AM EDT

Natalie Rice

Luxury retailer Coach has made a comeback after a strategic rebrand, successful celebrity partnerships and revamped designs.

And it’s drawing in younger shoppers. More than two-thirds of Coach’s nearly 900,000 new customers in North America were Gen Zers and millennials in the last quarter, the brand said.  

Coach President and CEO Todd Kahn said he and creative director Stuart Vevers focused on what they called the “timeless Gen Z client, ” which “became the muse” for the company.

“When we started focusing very dramatically on them, so many other things started to happen in a good way,” he said.

Parent company Tapestry reported in its latest earnings that Coach revenue grew 15% compared with the same quarter a year prior and saw a 77.1% gross margin. 

“In this sector, it’s really rare to take a kind of mediocre mall brand that has been tarnished and then elevate it to be a credible luxury contender,” said Aneesha Sherman, Bernstein’s managing director of U.S. apparel and specialty retail. 

Handbags like the Brooklyn, Tabby and Rogue have become hits for Coach. The Brooklyn was named the hottest fashion product of the fourth quarter of last year by global shopping platform Lyst. Demand for Coach products on Lyst was up 332% year-over-year, the company said. 

Coach also leaned into customization, as shoppers can buy broaches and bag charms for their purses and also create their own. According to Pinterest, searches for “bag charm” and “bag charm ideas” in the U.S. have grown 200% and more than 10,000%, respectively, between May 2024 and May 2025. Coach’s cherry charm, which retails for $95 on its website, has been a huge hit, the company said. 

Coach has also opened immersive concept stores called Coach Play and is getting into hospitality with Coach Coffee shops.  

“I often joke we’re an overnight success story five years in the making,” said Khan, who became president and CEO of Coach in an interim role in 2020 before taking on the permanent job.

Between January 2020 and January 2025, Coach’s market cap expanded by about 140%, according to Bernstein.  

“They’re kind of ticking all of those boxes in terms of the quality and the value for money,” said Fflur Roberts, Euromonitor International’s head of global luxury goods. “It comes at a very good time for them, especially when other, or some consumers, are questioning the actual value, like monetary value of the goods that they’re buying.”

Watch this video to learn more. 

We know mental health is important to our teams around the world – it’s important to Tapestry too. We are dedicated to creating a workplace where everyone feels energized and can reach their full potential, and supporting our people’s well-being is a key part of that.

Our benefits and resources, including free counseling, wellness days, flexible schedules, mindfulness content, and Mental Health First Aid Certification are designed to help our people make mental health a priority by making it easier for them to care for their mental health and that of their loved ones.

“I’ve attended meditation sessions for over six years. They’re an amazing resource especially on the days where you need that 15-minute reset. Tapestry provides so many resources for employees to tap into to take care of our mental health- that’s why it’s such a great place to work.” – Liz Bohl, Senior Manager

This recognition is testament to the collective efforts of our global team in fostering a caring and supportive workplace that prioritizes mental health. Thank you to everyone who makes Tapestry a great place to work!

“We believe investing in our communities, people and sustainability initiatives drives innovation and long-term success and resilience for Tapestry and our portfolio of brands,” said Joanne Crevoiserat, Chief Executive Officer of Tapestry, Inc. “I am incredibly proud of the milestones our teams achieved in the last year, and we continue to see opportunities ahead.” 

In FY2024, the Company: 

• Leveraged innovation to be a more responsible and sustainable company. In FY2024, Tapestry’s Scope 1 and 2 GHG emissions were reduced by 84% compared to our FY2021 baseline. This marks the achievement of our Scope 1 and 2 science-based targets, primarily driven by the company’s investment in renewable energy in its own operations.

• Brought to market more responsible products and materials innovation, consistent with its vision. In FY24, Coach reissued its iconic Soho Bag, featuring a version created with repurposed denim, a material that has up to an 80% reduction in GHG emissions and up to 95% less water consumption compared to conventional first-use denim. 

• Sustained its history of investing in communities where the company and its employees work and live. Employees worldwide volunteered over 65,000 hours, bringing Tapestry closer to its target of 500,000 volunteer hours by 2030.   

• Continued to increase focus on its people and culture. In FY24, the company received over 10 international awards from Forbes, Fortune, TIME, USA Today, Newsweek and others for being a top employer.  

The FY2024 CR report detailing Tapestry’s comprehensive corporate responsibility strategy and recent achievements can be found at Tapestry.com.