Neiman Marcus Group has tapped former Ralph Lauren exec and luxury fashion and retail veteran Geoffroy van Raemdonck to replace Karen Katz as CEO on February 12, 2018. Katz, who spent 30 years at the company and seven as CEO, will continue to serve on the Company’s Board of Directors.
“As CEO, Karen helped establish Neiman Marcus as a digital leader in luxury fashion and retail and put
the Company on a path for long-term growth. We are extremely grateful for her vision and significant
contributions, which have spanned over 30 years at the Company, including the last seven as CEO, and
look forward to continuing our work together on the Board,” said David Kaplan, Chairman of the Board.
Like all luxury retailers, Neiman Marcus has struggled under the weight of online competition. Katz’s push to digital investment paid off. She led the Digital First strategy, and online business today represents more than 30% of total revenues. The company’s 2018’s first fiscal quarter show comp sales increases for the first time in more than two years.
“Neiman Marcus manages one of the most iconic brand portfolios in fashion retailing, and I am excited
to build on the great foundation Karen created during her tenure,” said van Raemdonck. “I look forward to working closely with the leadership team, the Company’s 14,000 employees globally and our luxury brand partners as we continue to innovate and engage our loyal customers in new ways.”
Prior to Neiman Marcus, van Raemdonck served as Group President for EMEA and Global Travel Retail at Ralph Lauren, where he led the transformation of all Ralph Lauren brands across full and off-price stores, wholesale and digital. His accomplishments include delivering strong double-digit profit growth over multiple years. Previously, he had executive roles at St. John Knits International, Inc., where he launched a turnaround of the American luxury house leading to significant performance improvements. Prior to that, he held a variety of global leadership roles at Louis Vuitton from 2008 to 2013 and was most recently President South Europe where he elevated brand perception and consumer experience in 22 countries and led a team of 1,200 employees across retail, marketing, PR, merchandising, supply chain, finance and HR.