Robert Margolis is walking away from Cherokee Inc. after two decades, but he’s hardly doing so empty-handed.
His separation agreement and private sales of stock to the company and his two successors, chief executive officer Henry Stupp and non-executive chairman Jess Ravich, stand to add more than $10.5 million to his worth, according to documents filed with the Securities and Exchange Commission Monday.
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)