US: Ralph Lauren hires Hermann to lead luxury growth
Ralph Lauren Corporation is ramping up the global growth and expansion of its luxury business under the guidance of Valérie Hermann, the former CEO of Reed Krakoff.
In the newly created role of president of Ralph Lauren Luxury Collections, Hermann will be responsible for strategy, merchandising, distribution, and overall expansion of the global luxury businesses, including Men's and Women's Collection brands in apparel, RRL and accessories, as well as timepieces, fine jewellery, eyewear and fragrance.
Hermann will report directly to Ralph Lauren, chairman and CEO.
"This is a very exciting moment for our company," Lauren said. "Luxury epitomises the aspirational aesthetic of the Ralph Lauren brand, and we felt that it was time to capitalise on the success we have achieved by leveraging the collective strengths of our luxury portfolio and placing them under a single leader.
"Valérie is an exceptionally skilled executive with an instinctive ability to marry the commercial and creative sides of luxury.
"She has extensive experience working with many of the leading European fashion houses and is ideally positioned to work alongside me and the leadership team to accelerate the global growth and expansion of our luxury business."
Hermann was most recently CEO of Reed Krakoff, the namesake brand set up by the former creative director at Coach, who has just completed a deal announced last July to buy back the label.
Hermann's track record also includes serving as CEO of Yves Saint Laurent (now called Saint Laurent Paris) as well as various roles at LVMH Moët Hennessy Louis Vuitton, including director of women's ready to wear at Dior.
LVMH Moet Hennessy Louis Vuitton SA - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product ...
LVMH Moet Hennessy Louis Vuitton SA (MC) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has bee...
This report provides information, analysis and valuable insight on developments relating to the global apparel industry in the following categories: acquisitions, divestments and mergers; corporate so...
This report analyzes the worldwide markets for Hosiery (Women and Men) both in value (US$) and in volume (Pairs) by the following Product Segments: Socks, Sheer Hosiery, and Tights/Opaques....
- 2014: Year in review - Sourcing winners and losers
- COMMENT: The decline of the buying office
- 2014: Year in review - Brand winners and losers
- 2014: Year in review - Retail winners and losers
- Vietnam factories face fire safety challenge
- Report urges overhaul of Cambodia factory safety
- Triumph recalls 22,000 bras for underwire fault
- Investigation uncovers China's dog leather trade
- Wage theft of migrants in Thai apparel industry
- Vietnam “promise” for Italy textile machinery