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Kate Spade’s CEO resigns

Kate Spade

Tapestry, Inc., a leading New York-based house of modern luxury accessories and lifestyle brands, announced that Anna Bakst, the Chief Executive Officer and Brand President of Kate Spade, will be departing the Company at the end of the calendar year.

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The Company has commenced a search for her successor. During the interim period, Joanne Crevoiserat, Tapestry’s Chief Financial Officer, will have direct oversight of Kate Spade’s strategy and operations, working closely with the brand’s senior leadership team.

“We thank Anna for the passion and commitment she has brought to her work at Kate Spade,” said Jide Zeitlin, Chairman and Chief Executive Officer of Tapestry, Inc.

“We are moving ahead quickly with a search process. Our strong Kate Spade leadership team, working with Joanne, will take the business forward aligned with Nicola Glass’s creative vision. Quarter-to-date, Kate Spade’s performance is on track and we are confident in our ability to meet our holiday season goals. We look forward to providing details about our second quarter results during our upcoming earnings call in February,” continued Jide.

SEE ALSO : HanesBrands’ CFO resigns

Tapestry, Inc. is a New York-based house of modern luxury lifestyle brands. The Company’s portfolio includes Coach, Kate Spade and Stuart Weitzman.

(Source: Tapestry)

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