Kate Spade Gets New CEO to Lead Turnaround Bid at Handbag Brand

Luxury conglomerate Tapestry Inc. appointed Liz Fraser as the new head of its beleaguered Kate Spade brand after the departure of Anna Bakst at the end of the year sparked a search for a new executive.

Fraser starts as chief executive officer of Kate Spade on March 1 and will take over from Joanne Crevoiserat, Tapestry’s chief financial officer who held the role on an interim basis after Bakst’s departure. Since 2018, Fraser was president of Lafayette 148, which she joined from Anne Klein, where she was CEO.