"We are extremely pleased that Thibault will be joining our management team. Coming from a strong consumer and marketing background, he has developed solid brand development skills and a disciplined marketing approach.
From his significant experience in China, he has gained an understanding of the needs and behaviors of this important consumer. Thibault is a dynamic and entrepreneurial leader who has demonstrated the ability to build strong teams, retail businesses and partnerships to achieve outstanding results.
His talents and experience qualify him to drive Coach's growth in the region as we continue to leverage the global vibrancy of our brand and relevance of our product offering," said Mr. Bickley.
Lew Frankfort, Chairman and Chief Executive Officer of Coach, Inc added, “This is a newly created position that has been developed to support our Greater China initiative - focused on accelerating growth in this emerging region for luxury accessories."
"Clearly, mainland China will become a significant market for luxury brands during the next several years, as income and consumer spending levels catch up to the retail development that is already present in this market. Our goal is to become the leading accessible luxury brand in Greater China, and now is the time to build that foundation.”
The company has been accelerating store openings in these markets over the last few years, and there are now 42 Coach locations in Greater China.
These are comprised of 19 locations in Taiwan, 12 in Hong Kong and 11 on the mainland, including four in Shanghai, four in Beijing, and one each in Hangzhou, Shenzhen and Xian.
A twelfth location will open in Chengdu later this month. The company expects to open at least 20 additional locations in Greater China during the next three years.
marketing@alchempro.com
