HARRODS EXIT: William Najdecki, Harrods’ group finance director, has become the latest executive to jump ship over the past year. The company said the resignation was by "mutual consent" and that Najdecki, who had been with Harrods since 1998,...
HARRODS EXIT: William Najdecki, Harrods’ group finance director, has become the latest executive to jump ship over the past year. The company said the resignation was by "mutual consent" and that Najdecki, who had been with Harrods since 1998, would return to the U.S. No successor has been named. Najdecki joins about 10 executives who have left the firm over the past 18 months, including John Whitacre, who left Harrods as managing director last December, and Adelle Kelley, who left as head of women’s apparel in February. A Harrods spokesman said the company has 5,000 employees, and this happens to be "one of those moments" when turnover is prevalent. Meanwhile, Mohammed Al-Fayed, Harrods’ chairman and owner, recently said that Harrods would post flat sales and operating profits for the fiscal year that ended in January 2002. Operating profits will be about $45 million, and sales will be $912 million. Fayed, however, said he expected a rebound in sales and profits this year and that taking Harrods public in the U.S. is still a "possibility."
ONE MORE MONTH: Bankrupt Warnaco Group last week received Manhattan bankruptcy court approval to extend its exclusive right to file a plan of reorganization for another month until Aug. 30. Warnaco was supposed to have filed its plan by July 31. The company has said in recent weeks that it expects to exit bankruptcy proceedings as a stand-alone operation. Separately, the court said that all documents produced in the matter of the $25.1 million severance claim by former Warnaco chief executive Linda Wachner are to be considered confidential and are not to be disclosed publicly.
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)