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4-Traders Homepage  >  Equities  >  Nyse  >  Tapestry Inc    TPR

TAPESTRY INC (TPR)
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Coach : Former Coach CEO and Chairman Lew Frankfort Joins RTS’ Board of Directors

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10/28/2017 | 04:11am CET

Lew Frankfort, the former chairman and CEO of Coach, Inc., has joined Recycle Track Systems’ (RTS) board of directors. Frankfort will serve as a resource and advisor as RTS expands after its recent nearly $12 million Series A funding this past July.

"Lew Frankfort is a global business legend, said Greg Lettieri, CEO and co-founder of RTS, in a statement. “It is very exciting to have Lew's guidance and experience as we grow the RTS brand, expand into new markets and focus on operational efficiency.”

During his time at Coach, Frankfort transformed a small manufacturer of leather goods into a leading global, modern luxury accessories brand.  Prior to joining Coach, Frankfort held various management roles in New York City government, culminating in the position of Commissioner of New York City'sHead Start and Day Care Programs. He holds a bachelor’s degree from Hunter College and a master of business administration degree from Columbia University. Frankfort serves on the board of directors of shared office space provider WeWork and is affiliated with a number of not-for-profit organizations.

"I am excited to join RTS as both an investor and advisor,” said Frankfort in a statement. “The company has already demonstrated its ability to disrupt the waste management and recycling industry with nimble technology and a strong leadership team. Its future is unlimited.” 

© 2017 Penton Media, source Trade Journals Open Web

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Financials ($)
Sales 2018 5 821 M
EBIT 2018 998 M
Net income 2018 592 M
Finance 2018 594 M
Yield 2018 2,84%
P/E ratio 2018 24,04
P/E ratio 2019 17,29
EV / Sales 2018 2,22x
EV / Sales 2019 2,01x
Capitalization 13 511 M
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Mean consensus OUTPERFORM
Number of Analysts 36
Average target price 49,3 $
Spread / Average Target 3,8%
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Managers
NameTitle
Victor Luís Chief Executive Officer & Director
Todd Kahn President, Secretary & Chief Accounting Officer
Olajide James Zeitlin Non-Executive Chairman
Kevin G. Wills Chief Financial Officer
Ivan M. Menezes Independent Non-Executive Director
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