New York–While earnings season is nearing its end, there’s no shortage of speculation about where some of the industry’s most visible executives–particularly creative directors–will wind up in the coming months. Will Marc Jacobs leave LVMH to be creative head of Coach, where Reed Krakoff is leaving his post? Or will Jacobs and partner take the route of Michael Kors and launch an IPO? Or could Emma Hill, the departing creative chief at Mulberry, take the reigns stateside at Coach?
Filling key executive positions can have an effect on a company’s stock. Just ask the folks at Lululemon who saw their share price plummet when CEO Christine Day announced this week she would be leaving her post in the wake of that retailer’s “pantsgate” debacle. Such executive changes can be a real pain in the neck. Speaking of pains in the neck (shoulders, arms etc.) some British medics are referring to the sore arms of women who carry large and heavy handbags as “Poshitis,” after Posh Spice, Victoria Beckham, who championed the grand-size status handbag.
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