Tapestry’s finance chief resigns

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Tapestry finance chief

The chief financial officer for the parent company of Coach has announced that he will step down from the fashion and retail business.

Kevin Wills expected to remain with Tapestry until February 2019 and the company, which also owns Kate Spade and Stuart Weitzman, has confirmed that it has started searching for his successor.

“During his tenure as CFO, Kevin has played an important role as a key member of our leadership team and we wish him the best of luck as he embarks on his next chapter,” Tapestry chief executive Victor Luis said.

“I am confident that we will find a strong successor to lead our seasoned finance team and that they will not miss a beat during the transition period.”

Wills’ resignation comes weeks after Tapestry unveiled its first quarter report, where its net income rose to $122.3 million (£94.89 million), compared with a loss of $17.7 million (£13.7 million) a year ago.

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