Tapestry Inc said on Wednesday Chief Executive Officer Victor Luis would leave the company just weeks after the high-end fashion house cut its full-year earnings forecast. Luis, who joined the company in 2006 as CEO of its Japan unit, has tried to transform Tapestry from a handbag maker to a global fashion house, with the acquisition of Stuart Weitzman and Kate Spade brands. Shares of the company have lost more than half of their value since Luis took over the top job in 2014.

source https://finance.yahoo.com/news/1-tapestry-ceo-victor-luis-111719319.html?.tsrc=rss