NEW YORK — Lawrence Stroll and Silas Chou have begun to make their mark at Michael Kors LLC.
The company confirmed several executive changes on Wednesday, including the expected departure of Kors’ longtime business partner, John Orchulli, but also said that Barbara LaMonica, president of Michael Kors since 1998, is leaving the firm.
LaMonica is being replaced by Donna Karan veteran Allison Ryba, who was named interim president. Also joining the company in a consulting role is Donna Karan and Leiber Group alum Susan Sokol, who is currently president of SLS Consulting.
The changes were all effective Wednesday, a spokeswoman for Kors said, adding that a new chief executive officer would be named shortly. She would not comment on any candidates, but market sources said Stroll and Chou have approached John Idol, ceo of Kasper ASL, who has worked with both Ryba and Sokol during his earlier tenure as ceo of Donna Karan.
Idol would not comment on the report, but said his relationship with Stroll and Chou is strictly that of a business acquaintance and that his immediate intentions remain to direct Kasper and its Anne Klein division through its bankruptcy proceedings. He is also among the parties looking to make an acquisition of the Kasper company as part of its restructuring.
Stroll said in a statement that Ryba had been working with Michael Kors LLC without an official title since the acquisition of the firm by Sportswear Holdings Ltd. in January.
"When we became partners with Michael, we had always intended for the current management team to stay in place for an interim period," he said.
Ryba had worked with Donna Karan for 10 years, most recently as president of retail, a position she held until December 2001. Sokol founded her consulting business following her departure from the Leiber Group, where she held the title of president and ceo, and had earlier served as president of Donna Karan Collection and as president of women’s collection at Calvin Klein before that.
@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)
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews