NEW YORK--David Folkman has resigned as president and chief executive officer of Esprit de Corp. Folkman joined San Francisco-based Esprit in March 1993 from Regent Pacific Management Corp. where he was a principal, consulting on company turnarounds in the retail and wholesale consumer products industry. Through his specialty at Regent Pacific, Folkman met Esprit founder and owner Susie Tompkins, who brought him on board to strengthen the company. "David joined us two years ago at a very difficult time. He has provided the guidance and stability that enabled Esprit to stop the downward slide of its business. The company is in a stronger position today as it enters this new fiscal year," said Tompkins in a statement. When Folkman joined the company as ceo, he became the third executive in two years to hold the post. Esprit has formed an executive committee comprising Tompkins and Michael Ying, the two principal shareholders of Esprit U.S., and Donald La Vigne, a board member, to supervise company operations until Folkman's successor is named. Reached Wednesday, Folkman said that in his view "the company is on a solid, healthy track with a good management team. The basic fundamentals are in place." As for his leaving Esprit, he said it was an amicable parting coinciding with the end of the firm's fiscal year, and he had discussed it in advance with Tompkins. In the interim, the three most senior executives at Esprit, Peter Hanelt, chief operating officer and chief financial officer, Andrew Cohen, president of Esprit Wholesale, and Lisa Engler, president of retail and marketing, will report directly to the executive committee. Folkman said he has not finalized his plans at this time. "I'll be looking for situations that need redirection and turnaround. I've done that several times before, and I'll probably stay in the wholesale or retail consumer products field." Folkman's previous posts include general partner in U.S. Venture Partners, a venture capital firm for new retail operations; ceo of Emporium stores, a division of Carter Hawley Hale, now known as Broadway Stores; senior vice president and general merchandise manager at Macy's West, and vice president of stores for Famous-Barr Co.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia