The executive, who was tapped for the position in October, left the firm on Monday.
“We can confirm Paula Schneider’s decision to leave her position as chief executive officer of DG Premium Brands, a division of Delta Galil Industries,” the company said. “We are conducting a search for a leader for DG Premium Brands who can help realize its full potential. We wish Paula well in her future endeavors.”
DG Premium Brands includes Los Angeles-based Seven For All Mankind, Splendid and Ella Moss, which Delta Galil acquired for $120 million. Delta Galil’s portfolio also includes P.J. Salvage, Schiesser, KN Karen Neuburger, Nearly Nude, Little Miss Matched and Fix.
Schneider came to Delta Galil following a little less than two-year stint at American Apparel. The period of time at American Apparel was a rugged stretch following the ouster of the Los Angeles company’s founder and ceo Dov Charney, during which it entered its first bankruptcy. Schneider parted ways with the firm as the business was in the midst of exploring a possible sale that would likely take the company down a different path than what the executive envisioned for American Apparel, according to her resignation letter to the board.
Schneider told WWD at the time of joining Delta Galil that she was glad to return to the contemporary fashion world and would focus on product in the near term.
Delta Galil, at the time of the contemporary brands’ acquisition, outlined a two-year growth plan for the three labels that included store improvements, production innovation and wholesale growth for Seven For All Mankind. Splendid and Ella Moss were to see the shuttering of underperforming doors and build out of the e-commerce channel.
The contemporary brands group last year reported to the California Employment Development Department layoffs totaling 105, effective in September. It reported 88 cuts earlier this year, effective last month.
Delta Galil in February provided 2017 guidance that included sales in the range of $1.33 billion to $1.37 billion, which would be up 13 percent to 16 percent from last year. Net income is expected to rise somewhere between 6 percent and 10 percent to be in the range of $50 million to $52 million.
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