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CEO Of Coach Parent Company Resigns After #MeToo Allegations

Tapestry, the parent company of Coach, Kate Spade and Stuart Weitz, said that, effective immediately, Jide Zeitlin, chairman and CEO, has resigned from the company and its board. "In the past month, a woman I photographed and had a relationship with more than 10 years ago reached out to various media organizations to express her concerns about what had occurred,” Zeitlin said in a statement.  “I felt compelled to resign today because I do not want to create a distraction for Tapestry, a company I care deeply about.”

Read the whole story at Chain Store Age »

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