Annabelle Yu Long Joins Coach, Inc. Board of Directors
05 January 2016 - 8:30AM
Business Wire
Brings Board Membership to Nine
Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York design
house of modern luxury accessories and lifestyle brands, today
announced that Annabelle Yu Long has been appointed to Coach,
Inc.’s Board of Directors. The appointment of Ms. Long to the Board
brings the membership to nine.
Victor Luis, Chief Executive Officer of Coach, Inc., said, “We
are extremely pleased that Annabelle Long has agreed to join our
Board. As Coach continues its transformation into a global modern
luxury lifestyle brand, Annabelle's strong business acumen, insight
about the Chinese consumer and knowledge of and experience with the
media landscape in China, coupled with her track record of
investing in digital and lifestyle companies, will bring unique
value to the Coach board.”
Annabelle Long currently serves as Chief Executive, Bertelsmann
China Corporate Center, and Managing Partner of Bertelsmann Asia
Investments. Formerly, Ms. Long was a Principal at Bertelsmann
Digital Media Investments. She joined the international media,
services, and education company via the Bertelsmann Entrepreneurs
Program in 2005. From 1996 to 2003, Ms. Long was a Producer and
Lead Anchor for the Sichuan Broadcasting Group. From 1994 to 1996
she was a Producer and host for Chengdu People’s Radio
Broadcasting. Ms. Long is an active member of the World Economic
Forum’s Young Global Leaders Advisory Council and is also a member
of its Global Agenda Council on the Future of Media, Entertainment
& Information. In addition, she is a member of the Stanford
Graduate School of Business Advisory Council. Ms. Long serves on
the Board of Directors of both BitAuto (NYSE: BITA) and China
Distance Education (NYSE: DL).
Upon her appointment, Ms. Long stated, “I am excited to be
joining the Board of Directors of one of the most respected brands
in the world. I look forward to supporting Coach and its strategies
to transform into a leading luxury lifestyle brand and drive
long-term sustainable growth.”
Coach, Inc. is a leading New York design house of modern luxury
accessories and lifestyle brands. The Coach brand was established
in New York City in 1941, and has a rich heritage of pairing
exceptional leathers and materials with innovative design. Coach is
sold worldwide through Coach stores, select department stores and
specialty stores, and through Coach’s website at www.coach.com. In
2015, Coach acquired Stuart Weitzman, a global leader in designer
footwear, sold in more than 70 countries and through its website at
www.stuartweitzman.com. Coach, Inc.’s common stock is traded on the
New York Stock Exchange under the symbol COH and Coach’s Hong Kong
Depositary Receipts are traded on The Stock Exchange of Hong Kong
Limited under the symbol 6388.
Neither the Hong Kong Depositary Receipts nor the Hong Kong
Depositary Shares evidenced thereby have been or will be registered
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States or to,
or for the account of, a U.S. Person (within the meaning of
Regulation S under the Securities Act), absent registration or an
applicable exemption from the registration requirements. Hedging
transactions involving these securities may not be conducted unless
in compliance with the Securities Act.
This press release contains forward-looking statements based on
management's current expectations. These statements can be
identified by the use of forward-looking terminology such as "may,"
"will," “plan,” "should," “believe,” “next,” “develop,” "expect,"
“confident,” “trends,” “further evolve,” “forward,” “future,”
"intend," "estimate," "on track," "are positioned to," “on course,”
“opportunity,” "continue," "project," "guidance," “target,”
"forecast," "anticipated," or comparable terms. Future results may
differ materially from management's current expectations, based
upon risks and uncertainties such as expected economic trends, the
ability to anticipate consumer preferences, the ability to control
costs, etc. Please refer to Coach’s latest Annual Report on Form
10-K and its Quarterly Report on Form 10-Q for the quarterly period
ended September 26, 2015 for a complete list of risk factors.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160104006404/en/
CoachAnalysts & Media:Andrea Shaw Resnick,
212-629-2618Global Head of Investor Relations and Corporate
CommunicationsorChristina Colone, 212-946-7252Director, Investor
Relations
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