NEW YORK — Joseph Cicio, a former Macy’s executive and president of British fragrance retailer Penhaligon’s until several months ago, is a candidate to run Holt Renfrew, according to sources.
The upscale Toronto-based chain has been seeking a successor to Andrew Jennings who was president and managing director of Holt Renfrew until February, when he became president and chief merchandising officer of Saks Fifth Avenue.
Cicio, who also held the title of senior vice president of retail, product development and merchandising for Cradle Holdings Inc., parent of Penhaligon’s, could not be reached for comment. One source said Cicio has held talks but there are other candidates being considered and he is not necessarily the lead candidate.
A Holt Renfrew spokeswoman said Friday the company would not confirm anything about the job candidates.
Under Jennings, the $250 million Holt Renfrew, with nine retail units and two clearance centers, developed a reputation for strong visual presentation and marketing extravaganzas through extensive remodels and special events. Cicio would be a good fit for Holt Renfrew, considering his experience as well as his sense of showmanship and high taste level. He spent 19 years at Macy’s, where he rose to senior vice president of fashion direction and creative resources and was instrumental in creating some of Macy’s most striking stores and private labels. He later was chairman and chief executive officer of I. Magnin, a former division of Macy’s which, like Holt Renfrew, catered to an upscale audience with high-end goods. In addition, Cicio served as president of retail development for Donna Karan and president of retail development for Sun International.
Holt Renfrew is part of Wittington Investments, controlled by billionaire Galen Weston, who is also owner and chairman of Holt Renfrew. Aside from Holt Renfrew, Weston’s high-end retail holdings include Brown Thomas in Ireland and Selfridges in the U.K.
— David Moin