
Macy’s, Inc. announced on Wednesday the appointment of Marie Chandoha and Jill Granoff to its board of directors, effective Friday.
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Macy’s, Inc. announced on Wednesday the appointment of Marie Chandoha and Jill Granoff to its board of directors, effective Friday.
Fresh from selling its stake in Farfetch, private equity firm Eurazeo has announced an investment in Axel Arigato, the Swedish premium sneaker, ready-to-wear and accessories brand.
On Wednesday, the investment firm announced the acquisition of a minority stake in Bandier, a US multibrand distributor of luxury sport apparel, for $25 million.
Pat McGrath Labs, the makeup brand created by legendary makeup artist Pat McGrath, has received a $60 million minority investment from Eurazeo Brands.
French investor Eurazeo, which has major holdings in Moncler and Desigual, wants more fashion investments after launching Eurazeo Brands, to expand into "European and US brands with international growth potential."
The fashion retailer's CEO, Jill Granoff, and President and Chief Creative Officer, Karin Gregersen, will part ways with the company, while Livia Lee will step in as Senior Vice President of Merchandising.
The contemporary fashion brand has appointed Mark Brody interim Chief Financial Officer. He replaces Lisa Klinger who resigned from the company, effective immediately.
The company exceeded its financial expectations for the quarter, but will lower its sales expectations for the year.
American contemporary fashion brand Vince has posted record fourth quarter and fiscal 2014 results marking a successful year after its IPO.
Shares of Vince, controlled by private equity firm Sun Capital Partners Inc, rose about 50 percent in their market debut, valuing the luxury apparel company at about $1.08 billion.