Tapestry Inc. (NYS:TPR) said Thursday it has made Todd Kahn its permanent chief executive and brand president of Coach with immediate effect, elevating him into the role he has served on an interim basis since July 2020. Kahn joined the parent of Coach, Kate Spade and Stuart Weitzman brands in Jan. 2008 and has held a number of leadership roles. He has also done stints at other public and private companies. Tapestry shares were slightly lower premarket, but have gained 46% in the year to date, while the S&P 500 (S&P:SPX) has gained 10%.
April 15, 2021, 6:52 a.m. EDT