Any deal involving the sale of True Religion Apparel Inc. will have to take place without its founder at the helm.
The Los Angeles-based premium denim firm said late Tuesday that Jeffrey Lubell, who founded the company in 2002, has stepped down as chairman, chief executive officer and creative director. He will be succeeded on an interim basis as ceo by Lynne Koplin, who’s been the company’s president since 2011 after joining as chief operating officer in 2010.
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)