Tapestry Inc.
Tapestry, Inc. Announces New CEO and Brand President for Kate Spade
Summary
On August 1, 2024, Tapestry, Inc. announced the departure of Liz Fraser, the CEO and Brand President of Kate Spade, effective September 1, 2024. Fraser is eligible for severance benefits, including twelve months of base salary and her fiscal year 2024 annual incentive plan payment. Simultaneously, the company announced the appointment of Eva Erdmann as the new CEO and Brand President of Kate Spade, effective October 2024. Erdmann, who will report to Joanne Crevoiserat, CEO of Tapestry, Inc., brings extensive experience in leading global consumer brands from her previous role as Global President of Urban Decay Cosmetics at L'Oréal.
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About Tapestry Inc.
Tapestry Inc., a prominent holding company in the fashion industry, manages luxury brands known for their upscale accessories, footwear, and apparel. Its portfolio includes celebrated names such as Coach, Kate Spade, and Stuart Weitzman, each with their unique style and market appeal. Tapestry's primary function is to oversee the growth and strategic direction of these brands, facilitating their global reach and market penetration. By focusing on design innovation and customer engagement, Tapestry maintains its influence in the luxury goods sector, appealing to a wide demographic interested in fashion-forward and high-quality products. The company places a strong emphasis on brand differentiation and enhancing customer experiences across digital and physical retail platforms. With its headquarters in New York City, Tapestry Inc. is a significant player in the retail industry, showcasing the value and trends of luxury consumer goods while striving for sustainability and social responsibility as part of its corporate ethos.
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