In a top-level departure at Hudson’s Bay Co., Michael Culhane, the chief financial officer, is taking what the company described as a personal leave of absence. Donald Watros, the chief operating officer who steps up to the role of president on Feb. 1, has assumed the additional responsibilities of acting chief financial officer.
HBC gave no further details on why Culhane left the company.
Other executive departures are expected at the Saks Fifth Avenue division of HBC.
Culhane was the cfo of HBC since February 2009. He was responsible for several functions including financial planning, accounting, treasury, income taxes, audit and legal. Earlier, he was the cfo and executive vice president of Lord & Taylor, which is also a division of HBC. Earlier, he was with May Department Stores Co.
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18