- Sara Ehlers |
Los Angeles-based company GOAT just announced a new addition to their Board of Directors as of Thursday, June 22. The sneaker marketplace just brought on Adam Bain to help build out the company.
With Bain joining the board, the company plans to move towards expansion in the U.S. "As we look to expand operations on the East Coast and eventually internationally, we needed someone like Adam Bain," says Eddy Lu, co-founder and CEO of GOAT. "Adam helped scale Twitter into a massive public company and is credited with building its multi-billion dollar advertising business. He brings a great deal of operations experience and we're thrilled to have him join our board."
The Board currently consists of former COO of Twitter Ryan Sweeney of Accel, Josh Hannah of Matrix Partners, Greg Bettinelli of Upfront Ventures, and both co-founders of GOAT Eddy Lu and Daishin Sugano. As the company recently closed on 25 million dollar funding led from Accel, the company's total venture fund is now at 37.6 million dollars. As a shopping app, the company has over two million members with average order values of 350 dollars. In joining the Board, Bain will help improve GOAT on a worldwide scale. "I'm grateful for the opportunity to bring my operations expertise to grow GOAT's global business and I'm excited about the future of the company," said Bain.
- Sara Ehlers |
Footwear company Keds just announced a new staff member to their team. The company has brought on a Dave Grange to serve as the brand's new vice president of sales of North America.
Established originally in 1916, the brand is now planning to further increase its presence in key retailers in the U.S. With Grange as a new hire, the company is planning to expand into premium distribution and overall elevation of the brand.
"It's a privilege to be part of the leadership team guiding the Keds brand through the next phase of growth," stated Grange. "Keds is such an iconic American brand with over 100 years of history. My initial focus is building new premium distribution, implementing a full segmentation strategy while protecting the heritage and legacy of such an important brand."
With 16 years of experience at Pentland Brands previously, he worked as chief executive officer helping to oversee profit and loss for the wholesaler. He worked with elite brands including Ted Baker and Lacoste. He also served as president of Lacost footwear in North America, helping increase sales over three years.
"Dave brings years of expertise, specifically with global heritage brands and growing sales where brand recognition is already in place," said Gillian Meek, president of Keds. "We were the first athletic shoe created specifically for women and Dave is a seasoned footwear executive who not only honors brand legacy but has a shining track record of growing sales for iconic brands such as Keds."
- Sara Ehlers |
Online personal styling service Stitch Fix recently made a change to their company by adding a new chief financial officer. The San Francisco-based business has hired on Paul Yee to take over the role in order to takeover financial planning and accounting for the service.
Previously Yee has worked as a global chief officer leading teams in North America, Europe, and Asia Pacific for People Against Dirty. He oversaw finance, accounting, treasury, legal, and IT at the company, ultimately raising financial growth. He will lead Stitch Fix to help with overall brand growth and help improving the overall financial side of the company.
"Paul's deep financial experience with strong consumer brands will be invaluable as we continue to personalize the shopping experience for men and women," said Katrina Lake, founder and CEO of Stitch Fix. "His passion for art and science aligns with our brand philosophy, and his leadership will be a tremendous addition to Stitch Fix's executive team and our growth as a company."
With a cumultative 20 years of experience, his work portfolio includes retailers such as Gap and Old Navy. He also has worked at Sepora, Lululemon, Nike and Walmart.com. "Stitch Fix's unique blend of data science and the human touch is changing the way consumers find apparel and accessories they love," said Yee. "I'm inspired by Stitch Fix's vibrant company culture and creative approach to retail, and I'm proud to be joining this team on its journey to reinvent shopping for millions of men and women.
- Sara Ehlers |
Rimowa is growing its executive team with a new chief brand officer. The high-end lifestyle and luggage line has appointed Hector Muelas in the new position effective as of this week.
As Rimowa is known for its premium luggage and lifestyle merchandise, Muelas will take over the visual components as well as public relations and media and brand partnerships. He will supervise a department that will infuse both the marketing and public relations teams, according to WWD. With past experience as creative director, editor-in-chief, and partner at Vice, Muelas brings a variety of executive and branding experience to Rimowa.
The German-based company was acquired by LVMH in October 2016 for 716 million dollars according to the Fashion Network. By adding Muelas, the company will be putting him in charge of global marketing and communications, advertising, and overall branding. He will report to Alexandre Arnault, chairman and chief executive officer of LVMH.
- Kristopher Fraser |
Carrefour has confirmed today that Alexandre Bompard, former chief executive of consumer electronics retailer Fnac Darty, has been named their new chief executive after an eight-month search. The news first broke on Reuters.
Carrefour's investors want their new chief executive to succeed where their predecessors have failed at boosting the performance in the French hypermarkets and growing the digital. Bompard knows how to cut costs and grow digital operations, making him the ideal candidate for the role.
Bompard's predecessor Georges Plassat led the charge of cutting costs and saving Carrefour from a possible break-up.
Carrefour's performance in French, which is their largest market, has been very sluggish, and Bompard will be charged with improving business there.
"The new chief executive will have a significant task but there is no easy fix. Carrefour's issues are more about the market structure it evolves in, especially in France with the dynamism of independent players and more over in the hypermarkets segment," HSBC analysts said in a recent note.
Carrefour is also planning an IPO for their Brazilian market. While some large-scale retailers in North America, like Neiman Marcus which cancelled their IPO, think staying private is the best option in this volatile retail climate, their is potential in Brazil with a growing retail market.
Carrefour currently employs over 360,000 people worldwide, including 115,000 in France.
- Kristopher Fraser |
Francine Della Badia has been named CEO of Worth Collection LTD, effective immediately.
Worth, a direct-to-consumer women's fashion apparel company operating the luxury brand "Worth New York" and the contemporary brand "W by Worth," designs, supplies and distributes luxury and contemporary women's apparel through an omni-channel approach via its stylist network, by-appointment showrooms, online and retail outlets. Della Badia joins Worth following a nationwide search, after the company's 2016 recapitalization by an affiliate of private equity firm New Water Capital, L.P.
"Under Fran's leadership we have plans to not only significantly expand our network of over 1,000 stylists," said John Disa, chairman of the Worth Collection board, "but to fully develop and execute an omnichannel strategy which will leverage technology to augment the relationships our stylists have with our customers, elevate the brand experience and drive engagement."
Della Badia comes to Worth with over 20 years of experience in retail. Prior to her time as CEO of menswear retailer Bonobos, Della Badia worked nearly 16 years with Coach, eventually rising to the position of president of North American Retail.
"I am thrilled to join the Worth team," Della Badia said. "Worth has a long and successful history built on offering beautifully made ready-to-wear and accessories through a bespoke shopping experience. Our stylists have strong relationships with our clients and our communities across North America. It is a truly consumer-centric brand focused on experiential retail, and I am excited to continue to grow and evolve our business."
Bryant Park search partners led the search for the ceo.
Omnichannel has been a major conversation in the fashion industry over the past several years. It has been the focus of strategic overhaul for retail companies, as they try to figure out how to give the best customer experience possible and adapt to an increasingly digital landscape. As Worth continues to expand their stylist network, their business model appears to be working for them.
- Sara Ehlers |
Worth Collection just named a chief executive officer to their team. Effective immediately, Francine Della Badia was announced to take over the role as of June 7.
The direct-to-consumer womenswear company hired Della Badia after a nationwide search for a new CEO. The company recapitalized by an affiliate of private equity firm New Water Capital, L.P. in 2016. The contemporary, luxury label operates through a stylist network as well as through showroom appointments and retailers. Joining the team, Della Badia will help to expand the business further. "[Worth Collection] is a truly consumer-centric brand focused on experiential retail, and I am excited to continue to grow and evolve our business," Della Badia stated.
With over 20 years of experience in retail, Della Badia has worked at menswear retailer Bonobos previously as a CEO. She also worked over a decade at Coach and became the president of North American Retail for the company. "Under Fran's leadership we have plans to not only significantly expand our network of over 1,000 stylists but to fully develop and execute an omnichannel strategy which will leverage technology to augment the relationships our stylists have with our customers, elevate the brand experience and drive engagement," John Disa, chairman of the Worth Collection board said in a statement.
- Don-Alvin Adegeest |
Diesel has appointed Stefano Rosso as its new North American chief executive officer. As is customary at many Italian companies, Rosso is the son of Diesel founder Renzo Rosso, and will take the role following the departure of Tommaso Bruno, who rejoined the Benetton Group.
“We believe the U.S. and North America, in general, are one of the most important geographical areas for the development of the group,” Rosso Told WWD. “Diesel being one of the most relevant brands inside the Only The Brave group, there was a need for someone to take over this market from the family.”
“There is a need today for Diesel as a brand to be revamped and rediscovered in the U.S. Diesel is still Diesel, but we kind of got lost in translation. Being part of the family, having lived and breathed Diesel since I was born, having had this previous experience in the market, we basically thought I could be the ideal person to come and take over,” he said.
According to WWD, Rosso graduated from the Fashion Institute of Technology with a bachelor's degree in international trade and marketing. He began his career working outside the family business, collaborating with brands such as Zoo York.
Diesel is part of the OTB Group which also has Marni, Maison Margiela and Viktor & Rolf in its portfolio.
Photo credit: Only The Brave homepage
- Sara Ehlers |
J.Crew Group, Inc. announced a new executive head for its company today, June 5. The luxury retailer has named James Brett as the brand's official new chief executive officer.
Brett comes from over 25 years of experience in retail and fashion, serving most recently as president of home decor brand West Elm. Moving forward towards apparel and lifestyle, Brett will assume the CEO role for J. Crew starting this July. Additionally he will also join the company's Board of Directors, therefore becoming an integral part of the brand. As CEO, Brett's next moves are to grow the J. Crew name as well as strengthen the company's overall business plans.
"This is an exciting time for J.Crew as we continue to make significant changes to position our company for long-term success,"Millard Drexler, Chairman of the Board, said in a statement.. "As Chairman and an owner of the Company, it is my responsibility to focus on the future of J.Crew and find the right leadership to execute on our strategic plans."
West Elm's James Brett becomes chief executive officer of J. Crew
Coming from West Elm, J. Crew is somewhat of a shift for Brett in his career. During his time at the brand, Brett helped the company become a one billion dollar global line. He oversaw all aspects of the home furnishing company before and will utilize those strengths forward at J. Crew. "I'm honored to work with J.Crew's talented team of leaders, board of directors and Mickey, who have built an iconic American brand. J.Crew has tremendous opportunity to play a more meaningful role in our lives, and I look forward to leading it through its next phase of growth," he said.
As J. Crew specializes in women's, men's and children's apparel, the retailer is known for its lavish clothing with fine construction. As of June 5, the company operates approximately 278 retail stores as well as 116 Madewell stores and also runs both online counterparts. The company also has 178 factory stores currently.
Photos: J. Crew
- Don-Alvin Adegeest |
Within two months of J. Crew parting ways its creative director Jenna Lyons, follows its chief executive office, Mickey Drexler.
James Brett, president of West Elm, will succeed Drexler to the role, with the latter expected to stay as chairman at the ailing business.
The news comes amid rumours last year that J. Crew was searching for a successor for Drexler.
"Jim has a proven track record of pushing for innovation and growing omnichannel brands. He has 25 years of retail experience, not that experience is the issue,” Drexler told WWD in an exclusive interview on Monday. “He has had various leadership positions at Urban Outfitters, Anthropologie, J.C. Penney — there's a proven track record there. You meet a lot of people during this process who might have impressive résumés but really haven't had a chance to build a business. Jim has had a chance to build a business. He's a merchant. A brand guy. He likes design, and he is a customer person. Those are the four critical elements that go into making a strong leader."
Brett will begin in his new role in mid-July, when Drexler officially steps down as ceo and will report to the board of directors.
Photo credit: J. Crew Facebook