Kate Spade CEO steps down

United States
Published:  13 December, 2019
Haircalf Nicola bags by Kate Spade

Anna Bakst, CEO and Brand President of the leather accessories label, will be departing the Company at the end of the calendar year. 

Tapestry Holding, owner of Kate Spade, said it is currently looking for a 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. “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”, said Jide Zeitlin, Chairman and CEO, Tapestry. New York headquartered, Tapestry’s portfolio of brands includes Coach, Kate Spade and Stuart Weitzman.