According to market sources, the Kenneth Cole executive will soon move into a top post at Jimmy Choo, the fast-growing luxury firm famous for its vertiginous heels and status handbags.
Jimmy Choo officials could not be reached for comment on Thursday. A Kenneth Cole spokesman had not responded to a request for comment by press time.
Schulman joined Cole last October as president of the Kenneth Cole New York brand, and was recently given additional responsibilities for the management of the full-priced retail division.
Schulman's move to Choo will reunite him with Andrew Rolfe, his former Gap International colleague. Rolfe resigned as president of Gap Inc.'s international division in February 2006 to become a management partner at TowerBrook Capital Partners LP, the private equity firm that acquired a majority stake in Choo last February. Rolfe is board director of the Jimmy Choo Group Ltd., according to the company.
Before joining Cole, Schulman was managing director of international strategic alliances for Gap Inc. and senior vice president for international product development for the Gap brand. Prior to that, he worked at Gucci Group as executive vice president of worldwide merchandising and wholesale for Yves Saint Laurent. His résumé includes stints at Gucci and Richard Tyler Couture.
Choo has said future growth hinges on international expansion and product categories beyond footwear, handbags and small leather goods. Among the new lines in the works by president, founder and creative director Tamara Mellon are lingerie, swimwear, fragrance and sunglasses.
Robert Bensoussan, who has been Choo's chief executive since 2001 and remains a shareholder, has said there are plans to build a portfolio of luxury brands. He was vacationing and could not be reached for comment Thursday.
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