Tapestry CEO Resigns Amid Probe of Inappropriate Behavior
- Zeitlin says relationship ended long before he joined retailer
- Owner of Coach, Kate Spade names CFO as interim replacement
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Jide Zeitlin resigned suddenly as chairman and chief executive officer of Tapestry Inc. amid allegations of an inappropriate relationship with a woman before he joined the retailer.
The board hired law firm Fried, Frank, Harris, Shriver & Jacobson LLP to investigate claims made by the woman, according to a person familiar with the matter, who asked not to be identified discussing details of the probe. The woman said Zeitlin posed as a photographer more than a decade ago to lure her into a romantic relationship, the person said. The Wall Street Journal reported earlier on the allegations.