Robert N. Friedman, who steered Loehmann's through a cornucopia of business cycles, from expansions and contractions to ownership changes, bankruptcy and back to profitability, will retire as chairman and chief executive officer next May after 16 years at the helm.
"At some time point, everyone has a defining moment when they say it's time for a change. This was mine," said Friedman, in an exclusive interview.
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)