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Coach parent names interim CEO Crevoiserat to top job

FILE PHOTO: People walk past a Coach store on Madison Avenue in New York, January 23, 2013. REUTERS/Carlo Allegri

(Reuters) - Coach handbag maker Tapestry Inc TPR.N said on Tuesday its interim Chief Executive Officer Joanne Crevoiserat would permanently transition to the top job.

She was the chief financial officer until July and replaced CEO Jide Zeitlin who stepped down amid an investigation into his personal behavior.

Crevoiserat, a former executive at Abercrombie & Fitch Co ANF.N and Kohl's Corp KSS.N, is the first woman to lead the company since it went public in 2000 under the Coach Inc guise.

She takes over at a time when the luxury goods industry is facing weak demand due to the COVID-19 pandemic. Tapestry is expected to report its first-quarter financial results later this week.

The company said Crevoiserat is expected to be appointed to Tapestry’s board.

Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli and Arun Koyyur

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