Take Stuart Vevers off the list of designers touted as a flight risk.
“I’m very happy at Coach and have no plans to leave,” Vevers said. “I see lots of opportunity ahead for Coach. My partnership with Joshua is just getting started and I’m looking forward to working together as we move forward.”
Schulman noted the company “generally doesn’t comment on rumors,” but he felt it was important to dispel “any misapprehensions.”
He declined all comment on the specifics of the contract with Vevers.
It is understood the English designer has a long-term commitment to the American brand, part of burgeoning conglomerate Tapestry Inc.
The Financial Times is among publications to fan speculation that Vevers was poised to succeed Christopher Bailey as he winds up his long creative tenure at Burberry.
“A mystical collection prompts a question: Is the British designer off to Burberry?” the British financial daily asked in the headline to a review of Coach’s fall 2018 collection by fashion scribe Jo Ellison.
Burberry’s president and chief creative officer, Bailey is to stage his swan song for the brand on Feb. 17 during London Fashion Week and wind down from the company after 17 years on the job. Last November, Burberry ceo Marco Gobbetti said the process of finding Bailey’s successor had begun and he was drawing up the details of the job description, although things could take a while.
Kim Jones, who exited Louis Vuitton last month after seven years as men’s artistic director, is considered among leading contenders for the plum role.
Vevers, former creative director of Loewe, joined Coach as executive creative director in 2013 and has revved up the brand’s international profile and expanded its product universe.
A seasoned retail and luxury executive, Schulman arrived at Coach last June from Bergdorf Goodman and NMG International.