Greg Foran, who was named president and chief executive officer of Wal-Mart China in February 2012, has been chosen to head the discounter’s troubled Asian division, where store closures and weak sales have been thwarting the retailer’s efforts to reverse slowing growth in the U.S.
Foran, a 30-year retail veteran who joined Wal-Mart in 2011, began his career in New Zealand and Australia, starting with a part-time job stocking shelves and eventually becoming head of Woolworths’ Supermarket Division.
Foran’s operational skills were cited as one of the reasons for the announcement. Wal-Mart is hoping to gain a stronger foothold in China.
When he took the China position, Foran succeeded Scott Price, who was then president and ceo of Wal-Mart Asia and interim ceo of Wal-Mart China. Now Foran is again taking over Price’s role.
Price will return to Wal-Mart’s Bentonville, Ark., headquarters to become executive vice president of international strategy, including development and real estate and mergers and acquisitions.
Foran will be succeeded by China chief operating officer Sean Clarke, who will become the ceo of Wal-Mart China.
Price joined the retailer in 2009 as Asia ceo. Under Price’s tenure, Wal-Mart initiated a program in Asia to comply with stringent U.S. antibribery laws and dealt with the Indian government’s fluctuating position on foreign investors being allowed to open retail outlets.
Prior to Wal-Mart, Price was ceo of DHL Express in Europe and Asia-Pacific, and held several positions for Coca-Cola in China.
Foran, Price and Clarke’s new positions are effective June 1.
“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
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast