BoF compiles the most important professional moves of the week.
CEO Talk | Andrew Rosen, Chief Executive Officer, Theory (CEO Talk) “American fashion mogul Andrew Rosen, CEO of Theory and Helmut Lang and an investor in several of New York’s most exciting labels, including Proenza Schouler and Rag & Bone, learned the ropes from his father, Carl Rosen, a successful garmento and former chief executive of Seventh Avenue dressmaker Puritan Fashions.” First Person | Tory Burch Says
Just before Proenza Schouler’s Spring/Summer 2013 show, BoF sat down with the brand’s newest investor, Andrew Rosen, CEO of Theory and Helmut Lang, who revealed his latest investment in London-based label Les Chiffonniers.
Prada to Add 260 Shops in 3 Years on Demand From BRICs (BusinessWeek) “Prada, the Italian fashion company that owns the Miu Miu and Church’s brands, plans to add 260 stores in the next three years to tap demand in emerging markets including Brazil, China and Persian Gulf countries.” Asos fashion retailer’s top managers reap £66m payout (Guardian) “Seven top managers of online fashion retailer Asos are being
A Homegrown Fashion Mogul (WSJ) “Andrew Rosen’s father was a bombastic character who played gin rummy with William Holden and pretty much invented designer jeans. His son soaked up his father’s mastery of the clothing business but not his bluster. He avoids the limelight his father basked in. So it’s easy to overlook the progress that has made him among the most potent figures in the U.S. clothing business
Luxury market faces spending drought through 2020 (Luxury Daily) “The tough economy has permanently reined in the purchasing habits of the current generation of affluent consumers and upscale brands should expect more conservative spending until Generation Y enters the luxury market in force in 2020.” PPR Third-Quarter Sales Beat Estimates (Bloomberg) “Each of PPR’s luxury brands increased sales at least 10
Made in Midtown: Meet Andrew Rosen, Theory (Huffington Post) “As an inveterate horseman, Andrew Rosen knows the power of bloodlines– and in his, fashion run deep. His grandfather Arthur, a dress-maker, launched Puritan Manufacturing Co. in Boston nearly a century ago. ‘I remember as a young boy running around the factories and the warehouses, playing in-between all the clothes,’ he says.” Lululemon