NEW YORK — Patricia Stensrud has left her position as vice chairman and chief executive officer at Victoria & Co., one of the largest fashion jewelry companies.
A replacement has not yet been named, but one will likely be announced within the next few weeks, according to a spokeswoman at Jones Apparel Group, which acquired Victoria & Co. about two years ago. Victoria is now being run under the direction of Rhonda Brown, president and chief executive officer of footwear, accessories and retail for Jones.
Stensrud has been the driving force behind Victoria’s growth and was with the company for more than 15 years. Victoria has estimated sales of about $140 million and holds the licenses for Nine West, Givenchy and Tommy Hilfiger jewelry. It also creates jewelry under Napalier and Richelieu, its own brands, and produces products under private label for a number of retailers. In the last decade, the company has worked to shift its niche from career jewelry to more lifestyle offerings, such as styles with beads, stones and bohemian touches.
Stensrud was also helping to build the Judith Jack brand, which was acquired by Jones last year.
Victoria, which was purchased by Jones for about $90 million in 2000, has faced some difficulties in recent months. Ellen Schlossberg, an analyst with William Blair & Co., wrote in a recent report that costume jewelry dragged down the performance of Jones’ footwear and accessories business in the recently completed second quarter.
In related news, Judith Jack recently moved its corporate sales office and showroom to Victoria’s headquarters at 385 Fifth Avenue here.
“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
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast