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Macy’s Inc., the parent company of Bloomingdale’s, has appointed Olivier Bron as the new chief executive of the New York-based department store chain.
Sarah Elson
The News in Brief
Fund manager Consortium Brand Partners has acquired a 70 percent stake in Reese Witherspoon’s fashion and lifestyle brand Draper James.
Leonard A. Lauder, the billionaire heir to the Estée Lauder Companies cosmetics fortune, plans to step down from the company’s board of directors in November of this year.
SKKY Partners, a private equity firm founded by Kim Kardashian, announced it has tapped Angela Ahrendts as a senior operating advisor.
The cosmetics company, which emerged from Chapter 11 bankruptcy in May, appointed Elizabeth A. Smith as its interim chief executive.
The Olay, Gillette and Pantene owner reported 2023 fiscal year net sales increased two percent to $82 billion.
Edward Sexton, who was a British Savile Row tailor, fashion designer and manufacturing consultant, died on Wednesday. He was 80-years-old.
TheWrap, a website that covers the media and entertainment industries, has tapped fashion publishing veteran Stefano Tonchi as executive editor for TheWrapBook, a forthcoming biannual coffee table book focussed on fashion in Hollywood, and a consulting style editor for TheWrap.