// Kate Spade CEO Anna Bakst resigns
// Parent company Tapestry has started the search for a replacement
// Tapestry CFO Joanne Crevoiserat will act as interim CEO of Kate Spade
Kate Spade chief executive and president Anna Bakst is set to resign the upmarket fashion retailer at the end of the year.
Parent company Tapestry said it has already started the search for a replacement for Bakst, who has been at the helm of Kate Spade since April 2018.
In the interim, Tapestry chief financial officer Joanne Crevoiserat will oversee Kate Spade’s strategy and operations, and will work closely with its senior leadership team.
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Prior to joining Kate Spade, Bakst was Michael Kors group president and The Donna Karan Company’s shoe and accessory division president.
“We thank [Bakst] for the passion and commitment she has brought to her work at Kate Spade,” Tapestry chief executive Jide Zeitlin said.
“We are moving ahead quickly with a search process. Our strong Kate Spade leadership team, working with [Crevoiserat], will take the business forward aligned with Nicola Glass’s creative vision.
“Quarter-to-date, Kate Spade’s performance is on track and we are confident in our ability to meet our holiday season goals.
“We look forward to providing details about our second quarter results during our upcoming earnings call in February.”
Along with Kate Spade, Tapestry also owns Coach and Stuart Weitzman.