Barneys New York has double trouble — losing its chief executive while struggling to get its expansion strategy on track in a tough U.S. economy.
The retailer's chief executive officer, Howard Socol, is expected to retire soon, about a year ahead of his original timetable. Finding a seasoned successor to guide the luxury retailer isn't expected to be easy, with no obvious inside candidate and a very shallow talent pool outside.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"