LONDON — James Seuss is resigning as chief executive of Stella McCartney, the London-based fashion house, a joint venture between the designer and Gucci Group.
This story first appeared in the July 23, 2004 issue of WWD. Subscribe Today.
The firm is in “advanced negotiations’’ with Seuss’ prospective successor, and an announcement will be made in the next few weeks, according to a statement.
Seuss joined Stella McCartney in May 2001, becoming its first chief executive under Gucci Group, and will stay on as a board member. He leaves next month. Before joining the fashion house, he had been managing director of Tiffany and Co. in the U.K. for four years, and had worked at the jewelry company for a total of 12 years.
“This has been an incredible experience for me building this business with Stella and the Gucci Group from the beginning,’’ Seuss said in the company’s statement. “I am delighted to have been asked to remain on the board of directors of a company that has such tremendous potential.”
He could not be reached directly for comment.
Seuss “has decided to take up a job opportunity in the luxury goods industry in the United States in order to be closer to his home,” according to the Gucci Group statement.
Robert Polet, the new chief executive officer of Gucci Group, said in a statement that McCartney’s business was one of Gucci’s “great success stories.”
The brand, which has three stores — in New York, Los Angeles and London — is on track this year to have revenue of more than $36.9 million (30 million euros), Polet said. “We are fully behind Stella and her team,” he said.
“I cannot thank James enough for all that he has done for me, and for the business since the very first days when we started with Gucci Group,” McCartney said.
“He has a great opportunity ahead of him back in his homeland and closer to his family, and I wish him all the very best. I am delighted that James will remain associated with our business.”