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Alan Lau joins US company Tapestry's board of directors

14 Apr '23
2 min read
Alan Lau. Pic: Business Wire
Alan Lau. Pic: Business Wire

Insights

  • Alan Lau's appointment to Tapestry's board of directors is a significant move as it looks to enhance its digital strategy and expand its presence in the Chinese market.
  • Lau's expertise in engaging consumers through digital channels, leveraging technology and data analytics and his deep understanding of the China market make him a valuable addition.

Tapestry, a leading New York-based house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, has announced that Alan Lau has been appointed to Tapestry’s board of directors. The appointment of Lau to the board brings the membership to eleven.

"We are extremely pleased that Alan Lau has agreed to join our board. As we continue to further refine our digital strategy across our portfolio of brands, Lau’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,” Joanne Crevoiserat, chief executive officer of Tapestry, said.

"The Tapestry board seeks to bring a diversity of experiences and perspectives to our deliberations. We are delighted to have found a true digital innovator and entrepreneur in Alan," said Anne Gates, chair of the board of Tapestry. "I am certain he will bring important and unique insights to our conversation as Tapestry navigates an increasingly fast-paced retail environment."

Alan Lau became chief business officer for Animoca Brands in July 2022. In this role, Lau 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 the chairman and CEO of Tencent WeSure, a fintech company that he co-founded to offer disruptive, affordable internet insurance to WeChat users. WeSure insures over 100 million families in China and is ranked the #1 insurtech platform by Hurun Institute. Prior to Tencent, he was the Asia head for McKinsey Digital, supporting both big tech companies and sector incumbents to execute their digital strategy. Before entering the tech space, Lau 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. Lau is a recognised leader in the art space, sitting on multiple museum boards including being the vice-chair of M+ in Hong Kong and co-chair of the Asia committees at both Tate and The Guggenheim.

"I am excited to be joining the board of directors of Tapestry, a truly innovative, brand led company. I look forward to supporting the company and helping to inform both its digital strategies and global development plans as it continues to drive long-term sustainable growth,” said Lau.

 

Fibre2Fashion News Desk (RR)

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