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.
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)