JOSHUA SCHULMAN LEAVES NEIMAN MARCUS AND STEPS IN AS CEO AT COACH

In What's New, Industry News by Christine Galasso

Coach, Inc. has a new CEO at the helm of its signature brand. The modern luxury accessories and lifestyle company today announced the appointment of Joshua Schulman as President and Chief Executive Officer of the Coach brand.

Schulman comes from Neiman Marcus Group where he has served as President, Bergdorf Goodman and NMG International. Before that, from 2007 until 2012, he was Chief Executive Officer of Jimmy Choo, Ltd. Prior to Jimmy Choo, Schulman worked his way up the ranks at several other luxury brands.

His start date is set for June 5th and he will be responsible for all aspects of the brand globally, reporting directly to Victor Luis, Chief Executive Officer of Coach, Inc. This new leadership structure follows the 2015 acquisition of Stuart Weitzman and is an important step in Coach, Inc.’s evolution as a customer-focused, multi-brand organization.

Schulman’s appointment also comes at a time when the company is said to be deep in negotiations to acquire Kate Spade and the company is in the midst of a successful turnaround plan.

“I have been very impressed with the evolution of Coach under Stuart Vevers’s creative direction and Victor Luis’s leadership,” said Joshua Schulman. “I look forward to working with the talented global teams at Coach to build on this transformation, driving growth and relevance for the iconic brand across product categories, channels and geographies.”

Separately, the Company announced that Andre Cohen, currently President, North America and Global Marketing for the Coach brand, will be leaving the company at the end of June to return to Asia with his family. Mr. Cohen, who has been with Coach since 2008, was instrumental in Coach’s development in Asia and has been spearheading the execution of the brand’s transformation strategy in the North American market over the last two years. “Andre has been a great partner to me and a strong leader of our businesses in Asia and North America. I deeply appreciate his friendship and contributions over the last nine years but naturally I respect his family’s decision to return home to Singapore,” added Mr. Luis.

ITEM OF THE DAY: HAT ATTACK THE WARDROBES HAT
PANDORA NAMED THE OFFICIAL JEWELRY PARTNER TO DRESS FOR SUCCESS