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Tapestry (TPR) has shared an announcement.
Liz Fraser, the CEO & Brand President of Kate Spade, is set to depart the company, with her exit planned for September 1, 2024. Her severance package includes a year’s base salary and an annual incentive payment, contingent on signing a separation agreement. Concurrently, the company has announced Eva Erdmann as the new CEO & Brand President of Kate Spade, signaling a leadership transition in the fashion brand.
For detailed information about TPR stock, go to TipRanks’ Stock Analysis page.