The luxury retailer is in the process of naming a successor, but Orvos will remain at the company until October 11.

The news comes as parent company Neiman Marcus Group considers a buyout. Jim Gold, NMG's chief merchandising officer, will take over Schulman's role until a replacement is found.

As Dover Street Market opens in its new Haymarket location, adjacent to the Crown Estate’s new St. James’ Market project, BoF examines how real estate developers work with brands, retailers and other fashion entities to recast neighbourhoods.

Once seen as creatively stagnant, Italy’s main fashion week is showing signs of newfound momentum. BoF spoke to a series of global fashion insiders to get their verdict on Milan Fashion Week.

BoF compiles the most important professional moves of the week.