QVC Inc., in advance of its HSNi merger seen closing later this year, has set a sweeping management reorganization and established a new business structure of the soon-to-be combined entity.“Our new group will bring together QVC, HSN, Zulily and the Cornerstone brands to create a premier global retailer with extraordinary reach and unlimited potential,” said QVC Inc. president and chief executive officer Mike George.The new organizational structure and senior team for the QVC Group will be effective once Liberty Interactive Corp. completes its previously announced acquisition of HSN. QVC, based in West Chester, Pa., is a wholly owned subsidiary of Liberty Interactive. HSN is based in St. Petersburg, Fla.In addition, a new ventures division will be launched to drive "innovative retail concepts and seek growth opportunities through internal innovation, strategic partnerships, joint ventures and acquisitions."The changes, disclosed Thursday, are geared to accelerate innovation, extend the combined company's global reach and strengthen its leadership, while also centralizing certain functions and cutting costs across QVC and HSN, leading to the departure of several HSN executives."I’d like to acknowledge and thank Bill Brand, Rod Little and Judy Schmeling, who comprise the office of the ceo at HSNi, who will be stepping down post the transaction closing," George said. "They have steered the company well through the changes of the last several months and have been a trusted sounding board to me and our other leaders as we plan for the future. Each has made extraordinary contributions to HSNi." Brand has served as president and chief marketing officer of HSN; Little has been HSN's chief financial officer, and Schmeling has served as president of Cornerstone Brands and chief operating officer at HSN.QVC's takeover of HSNi was revealed last July, through a $2.1 billion all-stock deal. It came as no surprise considering Liberty had already owned 38 percent of QVC stock. The merger is seen as bringing together two relatively compatible firms with similar business models but distinct cultures and category strength. The challenge will be to share best practices without homogenizing the businesses and to take advantage of the greater scale.According to George, QVC Group will generate $14 billion in annual revenues and will serve 23 million customers worldwide. QVC is considered the third largest multicategory e-commerce retailer in North America, behind Amazon and Wal-Mart. He said the group will broadcast 17 networks into more than 360 million homes in nine countries, attract two billion annual visits to its web sites, handle more than 180 million customer contacts and ship more than 320 million packages annually.The new group will consist of five business units, including:• QVC U.S.: Steve Hofmann, current president of QVC International, will be president. QVC U.S. is the company's largest business unit with more than $6 billion in revenue in 2016.• QVC International: A new leader for this unit will be revealed in the coming months. QVC International covers Japan, the U.K., Ireland, Germany, Austria, Italy, France, a joint venture in China. In 2016, the unit had $2.6 billion in revenue.• HSN: Mike Fitzharris, currently ceo, representative director and chairman of QVC Japan, will become president. HSN last year generated $2.5 billion in net sales. Gregg Bertoni, currently senior vice president, CNR Mall, will succeed Fitzharris as ceo of QVC Japan.• Zulily: Lori Twomey, currently chief merchant, will be interim president until a permanent leader is identified. Last year, Zulily generated $1.5 billion in revenue.• Cornerstone: Claire Spofford will be president, while continuing to serve as president of Garnet Hill. Cornerstone, which includes Ballard Designs, Frontgate, Garnet Hill, Grandin Road and Improvements, generated $1.1 billion in net sales in 2016.• CEO George also disclosed eight global functions for the group, creating a central team.• Doug Howe will be chief merchandising officer of the combined company. He is currently executive vice president of merchandising for QVC.• Mary Campbell will be chief interactive experience officer of Interactive Commerce Experiences. She is currently executive vice president of commerce platforms, QVC. Todd Sprinkle will be chief digital officer, reporting to Campbell and driving platform innovation. Sprinkle is currently chief information officer of QVC.• Darrell Cavens will be president of new ventures. Cavens is currently president and ceo of Zulily.• Bob Spieth will be chief operations officer, overseeing customer service, quality, supply chain and workplace services. He is currently executive vice president of customer and business services at QVC and Zulily.• Beth Rubino will be chief people officer. She is currently executive vice president of human resources at QVC.• Karen Etzkorn will be chief information officer. She is currently chief information officer at HSNi.• Ted Jastrzebski, currently executive vice president and cfo, will be cfo.• Larry Hayes will be general counsel. Hayes is currently senior vice president and general counsel, QVC.
From overseeing America’s fastest-growing speciality retailers to codifying cool, WWD talked to the women who are leading the way for the future of beauty. Check out our Instagram Stories to see how these women built today and are creating tomorrow. (📸: @hannah_khymych) #wwdbeauty
For @laperlalingerie's spring 2018 show, the brand chose to host their event at @thevenetianmacao. With Chinese megastars @bingbing_fan and @hubing in attendance, La Perla debuted a rock ‘n’ roll-inspired collection. The show marked the start of Sands Macao Fashion Week, which runs from October 19 to 24 — the city’s first such event. Pictured here are models backstage with glimmering eyes. #wwdfashion (📷: Cheuk-Yin To)
Trending for spring 2018: top stitch design. Gone are the days of stitch just for seams — designers are using the once-minimal detail to create strong decorative elements. (📷: Paola Testa; Styled by @andrew_shang) #wwdfashion
@tradesy is turning the concept of a showroom upside down with its new space in Santa Monica. Here, the company plans to hold events, art exhibits and a showcase rare fashion pieces like this Louis Vuitton boxing set. Get all the details on Tradesy’s first showroom on WWD.com. #wwdnews
Spotted last night at the @erdem x @hm launch event: Kate Bosworth, Rashida Jones, Kirsten Dunst and Selma Blair. The party, which took place in LA, also marked the opening of their pop-up shop. “I was interested in creating a collection that wasn’t in any way disposable. It was about pieces you’d create and keep forever, things that have a permanence to it,” designer Erdem Moralioglu said. #wwdeye (📷: Katie Jones)
Renee Zellweger in yellow in 2001 and again in 2017. Chosen as one of the 12 @pantone Leading Spring Colors (and dubbed “Meadowlark”), it only makes sense that the bright hue stands the test of time and is making a resurgence this season, seen already on stars like @blakelively and @gigihadid. (📷: Donato Sardello & @rexfeatures) #wwdfashion #tbt
Dior’s 70th anniversary celebration continues with a new exhibition at the Royal Ontario Museum in Toronto. “Christian Dior,” which is scheduled to run through March 18, takes a look at the founders tenure from 1947 to 1057 and feature 40 designs. Pictured here is an evening gown from the Ailée, fall 1948-49 haute couture collection. #wwdfashion (📷: Brian Boyle)