NEW YORK — Kenneth Landis, chief executive officer of LeSportsac and Ghurka and chief operating officer of Accessory Network Group, has resigned his posts.
Landis was also president of ANG’s luxury division, which, in addition to Ghurka, includes Calvin Klein handbags and Isaac Issac Mizrahi handbags. WWD reported last Thursday that ANG was seeking to unload Ghurka and had hired Financo to explore strategic alternatives.
Landis joined ANG as ceo of Ghurka in 2004 and added responsibilities as LeSportsac ceo in November, when ANG acquired the brand under its affiliate Brand Science LLC.
Earlier, Landis was chairman of Vivre and a co-founder of Bobbi Brown Cosmetics.
Landis declined to discuss on Wednesday his resignation from the firm, but said, “I’m looking at a lot of different opportunities.”
Steve Jacaruso, former chief operating officer and chief financial officer of LeSportsac, has been named president.
Jacaruso joined LeSportsac two years ago, when the company was independently owned by the Schifters. Jacaruso had been the interim ceo of LeSportsac prior to ANG’s acquisition, after ceo Tim Schifter stepped down from day-to-day operations at the firm last summer. Earlier, Jacaruso held executive posts at Sharp Electronics Corp., Tumi, Coach and Deloitte & Touche.
Jacaruso now will be responsible for developing the brand via retail and international expansion, and launching new product categories.
LeSportsac is in the midst of developing an aggressive U.S. expansion strategy and plans to open two U.S. stores this year and four stores in 2007. The company also plans to boost its department store distribution.
“There are many great initiatives being implemented to spur growth at LeSportsac,” said ANG chairman and ceo Abe Chehebar in a statement. “We are confident that with Steve’s leadership skills, coupled with the strong team in place, LeSportsac will continue to be an innovative and respected brand in the marketplace.”