Reed Krakoff’s successor as creative director of Coach has just been announced, and the prestigious position goes to Stuart Vevers reports WWD.

Something of a leather goods specialist, Vevers was formerly in the top job at Spanish luxury brand Loewe, where he has helped to revitalize the traditional house codes, and has recently led a collaboration with Junya Watanabe.

“Stuart is recognized as one of the world’s leading accessories designers. His passion, leadership skills, and broad luxury brand experience, focused on leathergoods, uniquely qualify him to lead the next chapter of Coach,” said Coach’s President and Chief Commercial Officer, Victor Luis.

Vevers joined Loewe in 2008, moving from London brand Mulberry where he served as Creative Director from 2005 to 2008. He’s certainly got luxury pedigree — prior to this, the 39-year-old designer held positions at Louis Vuitton, Bottega Veneta, Givenchy and Calvin Klein.

“Coach is an exceptional brand and company that I’ve long admired for its rich heritage,” said Vevers in a statement. “I am excited to drive Coach’s next stage of transformation.”

We can’t wait to see his first work for the label. But the excitement doesn’t end there: Loewe owners LVMH will also be looking to replace him — cue much fevered speculation…