a = """

    <option value="search-alias=arts-crafts-intl-ship">Arts & Crafts</option>
    <option value="search-alias=automotive-intl-ship">Automotive</option>
    <option value="search-alias=baby-products-intl-ship">Baby</option>
"""

print(re.sub('\\<.*?\\>','',a))

#输出结果为：
Arts & Crafts
    Automotive
　　 Baby