St. John Knits Inc. is changing management.
This story first appeared in the October 28, 2014 issue of WWD. Subscribe Today.
The fashion house Monday said Bernd Beetz will assume the role of interim chief executive officer on the departure of current ceo Geoffroy van Raemdonck, who is leaving Nov. 6. Beetz currently is executive chairman of St. John.
All operations will continue to report to the current merchandising and operations teams reporting to Beetz. A fulltime ceo will be sought.
St. John gave no reasons for van Raemdonck’s departure. He joined the Irvine, Calif.-based fashion house in July 2013 from Louis Vuitton, where he was president, South Europe, based in Milan.
At the same time, Beetz invested in St. John, as did Chinese company Fosun International. Vestar Capital Partners continues to be the majority investor.
“We have made tremendous progress to further strengthen this iconic brand, and on behalf of the board, wish Geoffrey the best in his future endeavors,” said Beetz. He added St. John remains well capitalized as the management team continues to expand the brand globally.
Beetz previously was ceo of Coty Inc. and prior to that ran the beauty and fragrance division of LVMH Moët Hennessy Louis Vuitton.