By  on June 14, 2012

Jill Granoff continues to remake the Kellwood portfolio — and the latest casualty is Lamb & Flag.

The retail concept — green-lit by former Kellwood Co. chief executive officer and current J.C. Penney Co. Inc. chief operating officer Michael Kramer — that had ambitions to become a 700- to 800-door chain, is being excised from Kellwood. “Kellwood is taking a new strategic direction with our brand portfolio and has decided it will no longer invest in start-up concepts that only have a long-term payback. We will be focusing our resources on businesses that have the greatest potential for meaningful growth and profitability,” said Granoff, who was named ceo of Kellwood in May.

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