CHANGING ROLES: Nearly four years after opening Arcade on Melrose Avenue in West Hollywood, Calif., Rochelle Gores is shuttering the store to focus full-time on consulting for the fashion and retail division of her father’s private equity firm The Gores Group. Gores starts the position immediately, but the store won’t close until May 31. “I’ve really enjoyed creating and running Arcade. The success has exceeded my highest expectations. It has been great between the celebrities, the customers and all the press, but I’ve had the chance to work with my father [Alec Gores] and the talented people of The Gores Group and it was way too much of an exciting thing to pass up,” she said. Gores is on the boards of designer label J. Mendel and moderately-priced wholesale clothing manufacturer Big Strike Inc, which entered The Gores Group’s portfolio in 2010 and 2011, respectively. The firm also acquired a majority stake in lifestyle brand Mexx International from Liz Claiborne last year. Going forward, Gores said The Gores Group is “looking at creating something in the high-end industry around J. Mendel and something in mass around Big Strike. We are excited to grow both levels.”

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