Need help? Tapestry - the parent company of Coach, Kate Spade, and Stuart Weitzman - announced Zeitlin's resignation in a Tuesday press release, saying that he had come to the decision because of unspecified 'personal reasons'. Susan Kropf, lead Independent director, was named chair following Zeitlin's exit. Learn More About Tapestry And Their Brand Vision. Prior to working a tapestry he worked for Goldman Sachs in a number of senior management role across a two decade period. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Password . It is based in New York City and is the parent company of three major brands: Coach New York, Kate Spade New York and Stuart Weitzman. In February, Tapestry named Liz Fraser CEO of Kate Spade to replace Anna Bakst, who left the company toward the end of 2019. Tapestry Tutorials New to Tapestry? Announcing Zeitlin's departure in an 8-K filing to the Securities Exchange Commission, Tapestry made no mention of the woman's allegations or the board's subsequent investigation. Susan Kropf, lead Independent director, was named chair. 'Inequality in health, economic opportunity, public safety, and other sectors, and we're taking the first steps along these lines. Our Company and our brands are founded upon a creative and consumer-led view of luxury that stands for inclusivity and approachability. Find the latest Tapestry, Inc. (TPR) stock quote, history, news and other vital information to help you with your stock trading and investing. In 2009, Zeitlin was nominated by President Barack Obama to serve as an envoy to the United Nations for financial overhaul. In addition, the company ended the year with a significant cash balance of approximately $1.4 billion.'. Jide Zeitlin, chairman and CEO of Tapestry Inc., has resigned from the company after less than a year in the role, effective immediately. 'Over the next several years, I will continue to work with our world-class teams to sharpen our focus on execution while driving our evolution to being a truly consumer-centric and data-driven organization, which will ensure we deliver on the full potential of our entire portfolio and enhance returns for all stakeholders,' Zeitlin said at the time. The company has not yet responded to a DailyMail.com request for further comment. In addition to the departures of Schulman and now Zeitlin, Tapestry Inc. has seen a number of high-profile executive exits in the last few months. CFO Joanne Crevoiserat has been appointed interim CEO while Tapestry begins its search for a permanent replacement. Responding to those claims, Zeitlin said: ' 'In the past month, a woman I photographed and had a relationship with more than 10 years ago reached out to various media organizations to express her concerns about what had occurred. The woman reportedly accused Zeitlin of posing as a photographer under an alias to lure her into a romantic relationship more than a decade ago. Zeitlin was accused of forwarding a negative article about the company to investors, using the email address of James Taiclet, the Boston company's chairman and CEO, to do so. Despite the strain the COVID-19 pandemic has placed on the retail sector, Tapestry said Tuesday that its fiscal fourth-quarter results have exceeded internal expectations 'from a top and bottom-line perspective'. The 56-year-old was married to fashion executive Tina Goldberg (above) at the time of the alleged incident. He attended Amherst College and obtained an MBA from Harvard Business School. The dramatic impact of coronavirus on worldwide aviation highlighted in shock new report that reveals... Oxford University confirms 61 Covid cases among staff and students after carrying out more than 700 tests. The Company’s portfolio includes Coach, Kate Spade and Stuart Weitzman . What is Tapestry? They have at least two children together, though it's currently unclear if they're still married. Tapestry Is The First New York–Based House Of Modern Luxury Lifestyle Brands. We are no longer accepting comments on this article. At the time, they also announced the resignation of Joshua Schulman as Coach CEO and brand president. Zeitlin had just taken over the role of CEO in September 2019, replacing Victor Luis, and had served as Tapestry's chairman since 2014. Log in Having trouble logging in? Tapestry, Inc. designs and markets clothes and accessories.

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