Coach CEO announces departure
14/02/2013
Lew Frankfort joined the US-based company as vice-president of new business development and built it into one of the biggest names in mid-range handbags.
His replacement, Victor Luis, is the executive who has overseen the company’s expansion in Asia.
Coach said the appointment was the result of a multiyear succession process in which it considered both internal and external candidates.
Luis joined Coach in 2006 as head of its unit in Japan, its second-largest market after North America. Two years later, he took on the company's expansion in China, where sales rose 40% last quarter.
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