TOKYO — Tom Ford International has made changes to its Asia business, forming a new retail operation and ending its partnership with Lane Crawford in the region, industry sources said.
This story first appeared in the April 3, 2009 issue of WWD. Subscribe Today.
The label has formed Tom Ford Retail Japan and hired Mark Prendergast, former vice-president of Lane Crawford Joyce Group, as its chief executive officer. Prendergast will be based in Tokyo and hold the same title at Tom Ford Asia Pacific, which oversees business in the region.
A spokeswoman for the label in London declined comment.
The contract with Lane Crawford expired Tuesday and has not been renewed. However, the retailer will continue to operate the Tom Ford store at Lane Crawford Hong Kong. It will not be overseeing any new stores in the region, as had been originally planned.
The only other store opened under the old partnership — the Tom Ford store in Osaka — is now directly controlled by Tom Ford.