Tapestry Is Confident in Ability to Close the Capri Deal: CEO

The transcript discusses the integration of Capri into Tapestry's business, highlighting the company's preparation over the past three years. It emphasizes the transformation in brand building and consumer engagement, leveraging a globally diversified model. The discussion covers market dynamics, particularly in the accessories, footwear, and apparel sectors, and the strategic importance of acquiring differentiated brands like Michael Kors. Future plans include scaling investments and focusing on younger consumers, while addressing potential regulatory scrutiny.

What has been the primary focus of the business transformation over the last three years?

• Entering new markets

• Reducing operational costs

• Brand building and consumer engagement

• Expanding product lines

How has the company prepared for the integration of Capri's brands?

• By reducing marketing investments

• By closing underperforming stores

• By focusing on brand building and consumer engagement

• By hiring new management

Why is the acquisition of Capri considered beneficial for the company?

• It focuses on local markets only

• It eliminates competition

• It provides access to new consumer segments and luxury markets

• It allows for cost-cutting measures

What market size does the company operate in, according to the transcript?

• $250 billion

• $200 billion

• $150 billion

• $100 billion

What is a key strategy for engaging with younger consumers?

• Increasing physical store presence

• Offering discounts and promotions

• Investing in digital channels and data-driven decision-making

• Focusing on traditional advertising

What is the company's strategy for reaching consumers?

• Through traditional media

• By doubling marketing investments and using digital channels

• By focusing solely on physical stores

• By reducing product variety

What is the company's approach to potential regulatory scrutiny of the Capri acquisition?

• They are concerned about potential delays

• They expect significant challenges

• They are confident due to the fragmented market

• They plan to halt the acquisition