Thomas Gibb filed a lawsuit against Tapestry late last month. On Monday, the company terminated him and filed its own lawsuit citing breach of contract.
For both firms, the key focus continues to be handbags, although the brands are expanding further into other categories such as accessories and footwear.
The lawsuit alleges sexual harassment by Stuart Weitzman’s former creative director.
Coach’s North American sales were a plus; Kate Spade contributed to the bottom line and Stuart Weitzman had execution issues.
A former global brand manager says she was retaliated against for taking time off after having a child.
Buying back overseas businesses would give the company total control over brand distribution.
The company also announced some acquisitions in connection with its overseas distribution.