Additional initiatives by Tapestry to combat COVID-19

Worldwide
Published:  14 April, 2020
Coach's Barbra Streisend edition

The owner of the Coach, Kate Spade and Stuart Weitzman fashion brands has announced additional community support initiatives worldwide to address the ongoing COVID-19 health crisis.

Through its Coach Foundation, Tapestry has announced its intention to commit US$200,000 to support COVID frontline assistance charities in the UK, Spain, Italy, France, and Germany, selected by Tapestry’s European employees, as well as US$200,000 to the ‘A Common Thread COVID response’ by the Council of Fashion Designers of America (CFDA) and US$50,000 to the British Fashion Council. Furthermore, the Coach brand will be donating products with a retail value of over US$3.5 million to COVID-19 related charities and impacted individuals.

Separately, the Kate Spade New York Foundation will be donating US$100,000 to partner Crisis Text Line to fund the #Forthefrontlines Initiative, which will provide crisis counselling and emotional support to doctors and nurses who are feeling the immediate, and ongoing, effects of the heavy stress as they face this crisis head on. This programme will be operational in the U.S., UK, Ireland and Canada. An additional US$100,000 will be given to ten existing grantees, who will receive US$10,000 each, to provide short-term emergency funding needs, including for technology, virtual programming adaptation, covering missed revenue and emergency needs.

Tapestry also announced an employee-initiated volunteer programme that is coordinating with 3D printing industry bodies to repurpose the Company’s existing 3D printers to support healthcare professionals, including the printing of disposable parts required for respirators and ventilators, test swabs, and face shields.

Meanwhile, Tapestry said it has extended store closures in North America and Europe for an additional two weeks, through April 24. The Group said it will continue to reassess store closure decisions on a bi-weekly basis and will not reopen stores until safe to do so. Across all three brands, essentially all of the Company’s stores in China have re-opened and results are slowly and steadily improving. Similarly in South Korea, all stores have resumed normal operating hours.