As part of its rebuilding effort following its recent bankruptcy, Fortunoff has hired former Saks Inc. executive Christopher Sim as executive vice president and chief financial officer, WWD has learned. The position had been vacant for several months.
Sim will begin his new job on May 5 and report to Charles Chinni, who became chairman and chief executive officer last month right after NRDC Equity Partners LLC, owner of Lord & Taylor and Creative Design Studio, bought Fortunoff out of Chapter 11 bankruptcy for $110 million from two equity firms. Among other strategies, Fortunoff is reestablishing relationships with vendors and planning to build up revenues by installing Fortunoff jewelry, bridal registries and home shops inside L&T units and updating systems.
"Chris' expertise in luxury retailing will facilitate Fortunoff's expansion into Lord & Taylor's stores and enhance our profile in this market," Chinni said.
Sim was senior vice president, finance, at Saks Inc., where he worked for 11 years. Earlier, he worked at Hecht's in Washington, now called Macy's.
Fortunoff operates 23 stores specializing in fine jewelry and home furnishings in the Tristate area, as well as fortunoff.com.
Meanwhile, at Lord & Taylor, Earl Sluss, executive vice president of stores, will retire next month. The store is searching for a successor.
"Without Earl's leadership, drive, commitment and passion, the repositioning of our brand would not have been achieved," said Jane Elfers, president and ceo.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia