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.
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.
The career merchant rose within the ranks of one of America’s foremost luxury department store groups after earning a Harvard MBA.
The merger arbitrage investor community turned increasingly bearish on the deal last week, as they interpreted some comments from FTC officials at a conference as negative for the deal.
The value of retail purchases, unadjusted for inflation, increased 0.7 percent from February, Commerce Department data showed Monday.
The merger, which would bring top luxury labels such as Tapestry’s Kate Spade, Stuart Weitzman and Capri’s Jimmy Choo and Versace under one roof, still awaits approval from the United States.
E-commerce marketplace Verishop bought data analytics firm Trendalytics in a cash and equity deal that closed in March. Financial terms of the deal were not disclosed.
French fashion house Balmain has appointed Matteo Sgarbossa as chief executive, effective May 6.
The world’s second-largest economy has struggled to mount a strong and sustainable a post-pandemic bounce, burdened by a protracted property downturn, mounting local government debts and weak private-sector spending.
The Birkin bag maker’s sales are set to hit the “symbolic” €20 billion ($21.3 billion) level by 2027 or before, according to an Apr. 12 note by Thomas Chauvet.
20-year-old Duke University guard McCain will be the nail care brand’s first-ever athlete ambassador.
