Lew Frankfort has found a new gig in private equity.
The former chairman and CEO of handbag maker Coach has joined Sycamore Partners as an “executive-in-residence,” the firm is expected to announce Monday.
Sycamore, a New York-based buyout firm that last week sold the Stuart Weitzman shoe brand to Coach, is looking to tap Frankfort’s expertise as it builds a growing portfolio of retail brands.
“Lew Frankfort is a legend in the retail industry, with decades of experience building brand awareness, developing consumer loyalty and driving global growth at Coach,” Sycamore CEO Stefan Kaluzny said in a statement.
Frankfort served as Coach’s executive chairman until November 2014. He was chairman and CEO from 1995 through December 2013.
Sycamore sold Stuart Weitzman to Coach last week for $574 million after acquiring it through its April 2013 acquisition of parent Jones Group for $1.2 billion.
Sycamore, which has typically focused on more down-and-out retail brands, also owns Talbots and Hot Topic and holds a stake in Aeropostale.


