NEW YORK — Joel Horowitz, one of the architects of Tommy Hilfiger’s success, has joined Diane von Furstenberg as cochairman.
Industry sources said that Horowitz’s intention is to take a stake in the company, and that he was brought on board “to help professionalize” DVF. Given Horowitz’s track record, the goal could be an eventual initial public offering or outside investment.
Both founder Diane von Furstenberg and Horowitz, as cochairmen, will jointly oversee the board. Paula Sutter, who remains president, will continue to manage the day-to-day business and will report to the board.
With 35 years of experience in the apparel industry, Horowitz, 61, is widely credited in the building of Hilfiger into an international multichannel brand. He served as Hilfiger’s business partner and chief executive officer for 19 years, stepping down as ceo in 2003.
“I made a decision a long time ago to avoid joining any boards unless I could be actively involved in the company,” said Horowitz. “I’ve seen so many opportunities over the past few years, but none have shown as much potential or excited me as much as DVF. Diane and her team have created something incredibly special that consumers all over the world appreciate, and I look forward to working with the management team to further grow the business.”
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