Luxury group Tapestry has appointed Anna Bakst as the new CEO and brand president for Kate Spade, alongside Eraldo Poletto, who will head up Stuart Weitzman.
Bakst replaces Craig Leavitt, who departed the company last year. She will be responsible for all aspects of Kate Spade globally and will report to Victor Luis, Tapestry’s chief executive, who has been leading the brand in an interim capacity since Leavitt’s departure.
Poletto, who will join the company at the end of this month, is succeeding Wendy Kahn, the brand’s current boss, who is due to exit the company. He most recently held the role of CEO at Salvatore Ferragamo and prior to that he was at Furla.
Poletto will be responsible for all aspects of Stuart Weitzman globally, partnering closely with the brand’s creative director, Giovanni Morelli. He will also report to Luis, who said: “Stuart Weitzman is at an important point in the brand’s evolution, with the upcoming launch of Giovanni’s first collection and the recent buyback of its Northern China business.
“In Eraldo, we have found a leader who, over the last 30 years, has acquired both the global luxury experience and deep understanding of iconic brands to drive results. He brings a proven, successful track record in building and engaging teams and in developing and maximising international growth across all fashion categories,” he added.
Bakst in turn has over 25 years of experience managing and cultivating businesses for global fashion houses, most recently at Michael Kors where, until January 2017, she held the role of group president of accessories and footwear.
Luis said of her appointment: “[It] marks another key step in the evolution of the Kate Spade brand. [Her] focus on product innovation – notably in the key categories of accessories and footwear – will be a key pillar of the Kate Spade growth strategy. “
Tapestry’s portfolio includes Coach, Kate Spade and Stuart Weitzman.