The company has hired Valérie Hermann, former president and chief executive officer of Reed Krakoff, as president of Ralph Lauren Luxury Collections, a new post. Hermann will report directly to Lauren, chairman and ceo of Ralph Lauren Corp.
Eric Wiseman, the company’s chairman, president and chief executive officer, told WWD that VF is interested in expanding its outdoor and active sportswear business to the midtier market and could turn to an acquisition to make it happen.
Golden Gate Capital potentially made itself close to $1 billion in less than a week. On Wednesday, the private equity fund earned up to $150 million when Signet Jewelers Ltd. agreed to buy Zale Corp. for $1.4 billion in cash.