Tapestry adds Alan Lau to board
Tapestry, Inc. announced on Thursday the appointment of Alan Lau to its board of directors taking the New York-based company's membership to eleven.
Lau currently serves as chief business officer for Animoca Brands, a role he took on in July 2022. In this role, the executive oversees and provides support to the company’s more than 340 portfolio companies and leads M&A and business development.
Before joining Animoca Brands, Lau was chairman and CEO of Tencent WeSure, a fintech company that he co-founded to offer Internet insurance to WeChat users. Prior to Tencent, he was Asia head for McKinsey digital, supporting both Big Tech companies and sector incumbents to execute their digital strategy.
Before entering the tech space, Alan was in corporate finance, first at Citibank and then at McKinsey & Company, where he was the Greater China head for the corporate finance practice, in charge of M&A and deal structuring support.
"We are extremely pleased that Alan Lau has agreed to join our board," said Joanne Crevoiserat, chief executive officer of Tapestry, Inc.
"As we continue to further refine our digital strategy across our portfolio of brands, Alan’s broad experience in engaging consumers across digital channels, leveraging technology and data analytics, as well as deep knowledge of the important China market, will be invaluable assets."
In its most recent trading update, Tapestry, which owns Coach, Kate Spade, and Stuart Weitzman, announced total revenues fell 5% to $2.03 billion in the second quarter ended December 31, in line with analysts' average estimate, according to Refinitiv IBES data.
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