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Coach’s long-serving chairman steps down

26/09/2014
The longtime chairman of leathergoods brand Coach is to step down in November, following 35 years at the company, saying it is the “right time for me to move on to the next chapter”.

Lew Frankfort said: “I have watched the brand grow and flourish in over 30 countries on five continents. It has been an honor to lead one of the strongest teams in the consumer space, who have motivated me to be much better than I otherwise would have been.”

Coach CEO Victor Luis said Lew Frankfort is often referred to as the second founder of Coach. “Under his leadership, we created the accessible luxury handbag and accessories market in North America and took the brand global, driving sales from $6 million to $5 billion. His contributions are truly immeasurable, and I am fortunate to know him both as a friend and a mentor.”

The company said Jide Zeitlin, currently lead outside director, will be appointed the next chairman following the company’s annual meeting in November.

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