Stacy Van Praagh, who joined Reed Krakoff Co. as president in May, is no longer with the firm.
This story first appeared in the November 25, 2014 issue of WWD. Subscribe Today.
Neither Van Praagh nor Reed Krakoff, chief executive officer and creative director, could be reached for comment Monday.
Prior to joining Krakoff, Van Praagh was president, Americas of Fendi, where she worked from 2009 to 2013. Earlier she held such posts as global vice president of sales at Oscar de la Renta, vice president of sales at Kate Spade and director of ready-to-wear at Chanel.
Van Praagh had reported to Krakoff. At the time of her hiring, Krakoff told WWD that Van Praagh had been a customer of the collection and e-mailed him. “I met her and immediately thought she would be a great addition to the brand,” he said. Van Praagh’s role was to grow Krakoff’s business through wholesale and retail sales. A Krakoff spokesman said they have begun a search for her successor.
In February, Valérie Hermann resigned as president and ceo of Krakoff to become president of Ralph Lauren Luxury Collections. At the time, Krakoff assumed the ceo role, in addition to remaining creative director. The president’s role was held by Graziano de Boni, from November 2009 to November 2010.
Krakoff introduced his first collection in September 2010, beginning with a full assortment of categories, including rtw, handbags, watches, jewelry, shoes and, shortly after, fragrance. In August 2013, Krakoff, with a group of investors, acquired control of his namesake business from Coach Inc. in a buyout deal that was reportedly valued at $50 million. Krakoff has the largest stake, while Mark Ein, Mitch Rales and certain funds managed by T. Rowe Price also invested in the brand.