VICTOR LIPKO SAID TO LEAVE DIOR’S U.S. ARM
NEW YORK — Victor Lipko has reportedly resigned as president of Christian Dior’s U.S. business.
Lipko has been with the company since June 1994, when he succeeded Michael Burke, who had moved over to become president of Louis Vuitton’s U.S. operation. Both Dior and Vuitton are owned by the Paris-based luxury conglomerate LVMH Mot Hennessy Louis Vuitton.
Lipko is said to have resigned because of differences of opinion with French executives over the company’s U.S. direction. In the past two years, since Francois BaufumA became managing director, Dior has ended several men’s wear licenses, including one with Warnaco for shirts, ties and men’s small leather goods.
Thus, sources said, Dior’s overall U.S. men’s business lost as much as $100 million in retail sales over the last three years.
In the U.S., Dior has 22 licenses: nine for men (the men’s tailored clothing license with Schoeneman was ended last year after six seasons) and 13 for women, including women’s suitings with Jones New York and coats with Cuddlecoat.
Lipko could not be reached for comment. A spokeswoman for Dior here declined to comment.