CEO of parent company of Coach and Kate Spade resigns The CEO of the parent company of Kate Spade, Stuart Weitzman and Coach fashion brands has resigned citing allegations of misconduct by a woman with whom he had a relationship more than a decade agoNEW YORK -- The CEO of the parent company of Kate Spade, Stuart Weitzman and Coach fashion brands resigned Tuesday citing allegations of misconduct by a woman with whom he had a relationship more than a decade ago. Jide Zeitlin had been Tapestry Inc.'s chairman since November 2014 and took over as CEO in September 2019 after the company ousted its then-CEO Victor Luis. Joanne Crevoiserat, Tapestry's chief financial officer, has been appointed interim CEO while the company searches for a successor. Todd Kahn, president and chief administrative officer and company secretary, will serve as interim chief executive officer and brand president of Coach. Andrea Shaw Resnick, global head of investor relations and corporate communications, has been named interim chief financial officer.

Source: ABC News July 21, 2020 12:43 UTC