Kate Spade Bags New CEOKate Spade Bags New CEO

Luxury conglomerate Tapestry has appointed Liz Fraser as the new chief executive officer of Kate Spade after the departure of Anna Bakst at the end of 2019.

Fraser will assume the role as chief executive officer on March 1, taking over for Tapestry’s chief financial officer Joanne Crevoiserat, who held the role on an interim basis after the departure of Bakst. Previously, Fraser acted as president of Lafayette 148, which she joined after Anne Klein, where she acted as chief executive officer.

Fraser will be responsible for all global aspects of the Kate Spade brand and will work alongside creative director Nicola Glass.

Tapestry acquired Kate Spade in 2017 for $2.4 billion. Along with Kate Spade’s new chief executive officer, Tapestry also appointed a new chief executive officer and brand president for the Stuart Weitzman shoe brand, which will now be led by Giorgio Sarne.