Michael Rayden, president and chief executive officer of the Justice & Brothers girls and boys subsidiary of Ascena Retail Group Inc., will retire at the end of January.
This story first appeared in the October 21, 2014 issue of WWD. Subscribe Today.
Herbert Mines Associates has begun a search for a new president and ceo of the division.
David Jaffe, Ascena’s president and ceo, said Monday that it was completely Rayden’s decision to retire. Rayden is 66. Jaffe said internal and external candidates to succeed Rayden will be considered.
Justice & Brothers operates about 1,006 stores. Most are called Justice because they don’t house Brothers in-store shops. Those that include Brothers’ shops are called Justice & Brothers, of which there are 216, including nine in Canada. Brothers was launched online in 2011 and in stores in 2012. Rayden, a 45-year veteran of retailing, led Justice for the last 19 years. Justice was formerly called Limited Too, which Rayden shut down to convert to Justice.
“For me, the time is right to shift my attention from fashion to family, allowing a new generation of talent to step into the spotlight and confidently lead the business into its next phase of growth and success,” said Rayden. He added that the mission at Justice has been to help boys and girls feel confident and express themselves.