Victor Luis, CEO of Tapestry Inc., which owns such labels as Coach, Kate Spade and Stuart Weitzman, is leaving the company. Joanne has deep industry, financial, and operations expertise having spent over 30 years in a variety of retail companies. She is a graduate of the University of Connecticut where she received a Bachelor of Science degree in Finance.Tom Glaser leads operations across Tapestry’s multi-brand platform, focusing on Supply Chain, Logistics, and Information Technology. This is a space where subscribers can engage with each other and Globe staff.We aim to create a safe and valuable space for discussion and debate. Some information in it may no longer be current.Luis had blamed a lack of newness in some Kate Spade satchels and heavy discounts from competing brands for the weakness.When you subscribe to globeandmail.com, you get access to:per week for the first 24 weeksTapestry Inc replaced chief executive officer Victor Luis with long-time chairman Jide Zeitlin on Wednesday, just weeks after the high-end fashion house cut its full-year earnings forecast and warned of troubles at its Kate Spade brand.Adding to his headaches, Kate Spade’s excess inventory blunted the impact of new collections from Nicola Glass, a Gucci and Michael Kors alumnus, hired by Tapestry last year to refresh the brand’s designs.Powerful. Luis is leaving the …
He then worked in China. Victor Luis, the man who spent the last five years leading Coach's transition into a multi-brand fashion group dubbed Tapestry, has left, the company … She has held a variety of leadership positions in multi-brand, global companies with a focus on helping organizations successfully transform. She joined Tapestry in 2019 as Chief Financial Officer, overseeing all financial management of Tapestry. In September 2019, Tapestry Inc. replaced Luis as CEO, announcing he would leave immediately and be succeeded by board Chairman Jide Zeitlin.
“The CEO leaving is not a surprise and we believe the company’s strategy is flawed as the portfolio was constructed on synergies and less on longevity of brand potential,” Konik wrote in a note.© Copyright 2020 The Globe and Mail Inc. All rights reserved.“We ultimately came to the conclusion that as much as we believe in our strategy, there was a gap between our strategic intent and operational delivery,” Zeitlin told Reuters.Luis, 51, stepped into the CEO role more than five years ago with the aim of transforming Tapestry into a global fashion house after successfully building the company’s business in China, the world’s fastest-growing market for luxury goods.Welcome to The Globe and Mail’s comment community. Giorgio Sarné is responsible for evolving the Stuart Weitzman brand into a global, multi-category footwear and accessories leader.CHIEF EXECUTIVE OFFICER & BRAND PRESIDENT, STUART WEITZMANInterim Chief Executive OfficerInterim Chief Financial Officer; Global Head of Investor Relations and Corporate CommunicationsJoanne Crevoiserat is interim Chief Executive Officer of Tapestry and is responsible for driving the company’s strategic growth agenda. All of our brands are based on great design, quality, and craftsmanship. She joined Tapestry in 2019 as Chief Financial Officer, overseeing all financial management of Tapestry.
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