Bloomberg Luxury conglomerate Tapestry Inc appointed Liz Fraser as the new head of its beleaguered Kate Spade brand after the departure of Anna Bakst at the end of the year sparked a search for a new executive. Fraser starts as CEO of Kate Spade on March 1 and will take over from Joanne Crevoiserat, Tapestry’s chief financial officer who held …

Bloomberg Hermes International unveiled its first products from a new beauty division, adding $67 lipsticks to a brand better known for $9,000-plus Birkin bags and $400 silk scarves. By expanding its offer in cosmetics, Hermes is testing the waters of a category that has long driven sales and profit for rivals like LVMH’s Christian Dior and Chanel. Hermes, which says …

Bloomberg Myanmar’s largest private-sector airline said the novel coronavirus outbreak is likely to have an impact on its operations until April. The airline, Myanmar Airways International-Air KBZ Group, has temporarily suspended all routes to mainland China as well as Taiwan, Commercial Director Tanes Kumar said in an interview. “We had to shift some priorities within our strategy due to the …