Kate Spade CEO Anna Bakst steps down

Tapestry, Inc. has said that Anna Bakst, the chief executive officer and brand president of Kate Spade, will be departing the company at the end of the calendar year. The company added that it has commenced a search for her successor and during the interim period, Joanne Crevoiserat, Tapestry’s chief financial officer, will have direct oversight of Kate Spade’s strategy and operations, working closely with the brand’s senior leadership team.