×
33 051
Fashion Jobs
FOOT LOCKER
Technical Program Manager
Permanent · Milwaukee
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · Miami
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · East Rutherford
ROSS STORES
Store Protection Specialist
Permanent · San Pablo
ROSS STORES
Store Protection Specialist
Permanent · El Paso
ROSS STORES
Store Protection Specialist
Permanent · Oklahoma City
ROSS STORES
Store Protection Specialist
Permanent · Dallas
CLARKS
Account Executive Channel Sales
Permanent · Waltham
CLARKS
Merchandise Planning Manager
Permanent · Waltham
RALPH LAUREN
Polo Factory Store - Store Selling Manager
Permanent · Jeffersonville
CHICO'S
District Manager - Philadelphia (Chico's)
Permanent · POTTSTOWN
CHICO'S
District Manager (Soma) Northeast
Permanent · TRUMBULL
AEROPOSTALE
Cost Accounting Manager, Sparc Group
Permanent · Lyndhurst
NORDSTROM INC
Asset Protection Agent
Permanent · Portland
NORDSTROM INC
Asset Protection Agent Burbank Center Rack
Permanent · Burbank
NORDSTROM
Loss Prevention Agent - Bellevue
Permanent · Bellevue
NORDSTROM
Area Manager - Dubuque, ia
Permanent · Dubuque
NORDSTROM
Asset Protection - Agent - Santa Monica Place
Permanent · Santa Monica
NORDSTROM INC
Asset Protection - Security Ambassador - The Mall at Short Hills
Permanent · Millburn
NORDSTROM
Loss Prevention Agent The Orchards Rack - $200 Sign-on Bonus
Permanent · Westminster
NORDSTROM INC
Asset Protection - Security Ambassador - Thousand Oaks Janss Mrkt Rack
Permanent · Thousand Oaks
ESTÉE LAUDER COMPANIES
Senior Business Analyst, Global Comms & Lauder Family
Permanent · New York
Published
Apr 22, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

RYU announces new CEO

Published
Apr 22, 2020

RYU Apparel Inc. has found a new successor, following the resignation of the brand's founding-CEO, as well as its director of the company.

RYU announces new CEO and chairman. - Facebook: RYU Apparel Inc.


The Vancouver-based company on Tuesday named Cesare Fazari as chairman of the board and CEO. 

Fazari has been acting as interim CEO since March, following the resignation of Marcello Leone from his positions of CEO and president. It was also announced that Martino Ciambrelli has resigned as director of the company.

"I would like to thank Mr. Leone and Mr. Ciambrelli on behalf of the Management team and Board for their contributions over the past five years," said Fazari. 

"Mr. Leone, as CEO of RYU, was instrumental in the creation and launch of the RYU brand and establishing RYU as an award winning Urban Athletic Apparel and accessories brand engineered for fitness, performance and lifestyle. RYU is widely recognized for fit, comfort and durability by both male and female consumers.”

Fazari is a founding partner of Northwood Developments, with over 30 years of experience in retail real estate developments. 

The management reshuffle follows restructuring plans for 2020, revealed earlier this year, as the company disclosed that it was facing a funding shortage.

Moving forward, Fazari will evolve the brand’s business model to focus primarily on online sales in addition to key retail locations in major markets including Vancouver, Toronto, New York and Southern California. 

"In the weeks ahead I will be providing our shareholders and other stakeholders with a significant update on the strategic direction and financing efforts of the company, I would also like to thank our shareholders and employees for their continued support,” he said. 

The strategy is in line with the company’s previously announced restructuring plans, which included the closure of several mall locations (closed earlier this year) and a focus on e-commerce. 

Leone will receive 8,000,000 common shares at a deemed price of $0.04 per share to address all remaining payment obligations under his employment agreement. 

Leone took it upon himself to reinvent RYU in 2015. Having first invested in the apparel line in 2011, he went on to fully acquire it in 2015, overseeing its transformation from mixed-martial-arts brand to athletics maker. 

Copyright © 2021 FashionNetwork.com All rights reserved.