What might be J. Crew Group’s greatest asset — the exacting and merchandising-infused leadership of Millard “Mickey” Drexler — has become something of a complication for the company’s private equity owners as they consider selling the retailer.
Drexler, the driving force behind Gap Inc.’s success in the Nineties, is the rare executive who’s seen as having the magic touch by both Wall Street and the fashion crowd. His hands-on approach and ability to pick product helped put J. Crew back on the map when he took the helm as chief executive officer and chairman in 2003. And he will be a very difficult man to replace when he decides to step down.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)