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Tapestry to ‘Substantially’ Slash Jobs After Bleeding $677.1M

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Tapestry Inc. swung to the red in the third quarter, hemorrhaging $677.1 million after widespread COVID-19 store closures choked off much of its revenue stream. The owner of the Kate Spade, Coach and Stuart Weitzman brands is also slashing jobs at corporate and at stores, an attempt to help stem the bleeding. In a Nutshell:…

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