Victor Luis departs from Tapestry
04/09/2019
In August the owner of Coach, Stuart Weitzmann and Kate Spade reported moderate growth and disappointing sales in the US.
Mr Luis said: “I am grateful to and inspired by the more than 20,000 people who make up this incredible company. Together we have energized the Coach brand, while creating a unique portfolio with the acquisitions of Stuart Weitzman and Kate Spade.”
Susan Kropf, a member of the board, has been named lead Independent director.
She said: “The board remains committed to Tapestry’s multi-brand model, while recognising the need to sharpen our focus on execution. Given the continued strength and momentum at Coach – the largest brand at Tapestry – our top priority remains driving significantly improved performance at our acquired brands.
“Having worked alongside Jide for more than 10 years, I know how eminently capable he is of leading Tapestry’s world-class teams at this time. He is highly respected within the organisation, and I am confident that Jide will help our teams unlock the potential of our entire portfolio.”
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