Brands
PVH Corp.
PVH Corp., owner of a portfolio of brands including Tommy Hilfiger and Calvin Klein, announced that Daniel Grieder is stepping down from his role of CEO of Tommy Hilfiger Global and PVH Europe after 23 years in various management roles within the organization to pursue other interests.
Martijn Hagman will succeed Grieder. Hagman is currently chief operating officer of Tommy Hilfiger Global and PVH Europe and chief financial officer of Tommy Hilfiger Global, overseeing operations, finance, digital business transformation, technology, business development and the Tommy Hilfiger global sustainability program.
Since Grieder became CEO of Tommy Hilfiger Global and PVH Europe in 2014, the Tommy Hilfiger business grew to $9 billion from $6 billion in retail sales in 2019, and the Calvin Klein European business more than doubled in revenues and earnings.
Grieder will help transition his responsibilities over the next few months to ensure a smooth and successful transition.
Marimekko
Rebekka Bay was appointed as Finnish lifestyle design company Marimekko’s creative director and a member of the management group. She will start in the position on Sept. 1.
In connection with the appointment, she resigned her position as a member of the board of directors of Marimekko.
Bay moves to Marimekko from the position of creative director of Uniqlo Global Innovation Center. She previously worked as head of design and product of Everlane in New York and San Francisco, as well as creative director executive vice president of Gap Global Design, creative director of Bruuns Bazaar in Copenhagen and creative director of COS in London. Bay was a member of Marimekko’s board from April 2017.
Related Stories
Bay will report to the Marimekko president and CEO Tiina Alahuhta-Kasko. The company’s product portfolio includes clothing, bags and accessories, as well as home décor items ranging from textiles to tableware. Marimekko products are sold in about 40 countries.
Retail
Bed, Bath & Beyond
Bed Bath & Beyond Inc. announced that Harriet Edelman was appointed as independent chair of the board. Patrick Gaston has stepped down as chairman and after 13 years as a director of the company, has notified the board that he does not plan to stand for re-election at the company’s 2020 annual meeting of shareholders.
In connection with Edelman’s appointment, she has stepped down as chair of the audit committee. The board appointed Joshua Schechter as chair of that committee.
Edelman currently serves on the boards of Assurant Inc. and Brinker International Inc. and is a special advisor to the chairman of Emigrant Bank. She previously spent more than 25 years at Avon Products Inc. until 2008, rising to senior leadership positions in marketing, sales, new product development, business strategy and transformation, global supply chain and information technology.
Edelman’s appointment follows several recent executive changes at the company. These include the appointment of Cindy Davis as executive vice president (EVP), chief brand officer of Bed Bath & Beyond Inc. and president of Decorist. Davis reports directly to Mark Tritton, Bed Bath & Beyond’s president and CEO.
Davis’ responsibilities include stewardship and execution of brand strategy, as well as marketing and communications across the company’s retail banners. She will also support the team responsible for developing and executing the growth strategy for the company’s online interior design platform, Decorist, which provides customers with personalized home design services.
Davis joined the company from L Brands, where she was EVP and chief digital marketing officer.
Her appointment bolstered the company’s new senior leadership team, which also includes several recent appointments, including Gustavo Arnal as EVP and chief financial officer and treasurer; John Hartmann as EVP, chief operating officer and president of buybuy Baby; Joe Hartsig as EVP, chief merchandising officer and president of Harmon Inc.; Gregg Melnick as EVP and chief stores officer; Rafeh Masood as EVP and chief digital officer, and Arlene Hong as EVP and chief legal officer and corporate secretary.
National Retail Federation
The National Retail Federation (NRF) elected two new members to its board of directors during its virtual summer board meeting.
The NRF board welcomed Hal Lawton, president and CEO of Tractor Supply Company, and Anish Melwani, chairman and CEO of LVMH Moët Hennessy Louis Vuitton Inc. They will both serve a two-year term until June 2022.
Lawton joined Tractor Supply Company in January, just prior to the coronavirus spreading to the United States. A 15-year retail veteran with experience at Macy’s, eBay and The Home Depot, Lawton led Tractor Supply to be the first national retailer to convert pandemic appreciation bonuses for its front-line team members to permanent wage increases and added benefits, including the offering of medical and other benefits for part-time team members and equity ownership grants for store managers.
Melwani was appointed chairman and CEO of LVMH Inc. in January 2016 and leads all LVMH activities in North America. In addition to accelerating growth and development opportunities for LVMH brands, Melwani has also been recognized for taking a corporate stand to fight unconscious bias and help its brands promote equality.
Management One
Michael Alic joined Management One as president, replacing Marc Weiss. The move came as Management One continues to expand its position in the merchandise planning and retail consulting marketplace.
Marc Weiss will retain the role of CEO and continue to provide strategic vision for the company as it enters its next phase of growth.
For more than 20 years, Alic has worked in general management, digital transformation, strategy and business development roles for a broad range of communications and events companies, including Informa, Trader Classified Media, UBM and Advanstar Communications Inc. As head of UBM’s fashion events MAGIC and Coterie, he and his team served a community of over 30,000 retail businesses.
Finance
Republic Business Credit
Republic Business Credit hired Tae Chung as senior vice president of business development in its Los Angeles office.
Chung will significantly increase the company’ presence in the California traditional factoring market, further building upon the acquisition of Continental Business Credit in 2019. In addition to non-recourse factoring, Republic provides asset-based lending, direct-to-consumer financing and recourse factoring for companies throughout the consumer-packaged-goods industry.
Chung will lead Republic’s efforts in the apparel, accessories, electronic, textile, furniture and importer segments. He will be located out of Republic’s new Los Angeles office, headed by its chief operating officer Matthew Begley and executive vice present and Western regional manager Jason Carmona.