Abercrombie & Fitch expands its management team | RetailDetail

Abercrombie & Fitch expands its management team

Abercrombie & Fitch expands its management team

American fashion company Abercrombie & Fitch has created six new managerial positions in an attempt to turn the tide, but the former fashion powerhouse is still on the lookout for a new CEO.

New main designers

Over the past two years, Abercrombie & Fitch's quarterly results went from bad to worse as its young customer base seems to have lost interest in the brand while the impact of its exclusive brand is waning. Many customers have now moved to competitors like Zara, H&M and Forever 21.

 

To get the company back on track, Abercrombie & Fitch has hired two new designers: Ralph Lauren's Aaron Levine and (Tommy Hillfiger's parent company) PVH Corp's Kristina Szasz. Levine will take charge of the men's department while Szasz will tackle the women's department.

 

Other new additions were Club Monaco's Kurt Hoffman, Kohl's Corp's Monica Margerum and Carter's Inc's Amy Sveda. Stacie Beaver, who has been with the company for 15 years, is now Abercrombie & Fitch's general manager for the women's department. 

 

The company is still on the lookout for a new CEO, since it let go Michael Jeffries in December 2014. For the largest part, he had been responsible for Abercrombie & Fitch's image and its subsidiary brands like Hollister.

Questions or comments? Please feel free to contact the editors


Starbucks dumps plastic straws worldwide

12/07/2018

American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.

AB InBev joins forces with Efes in Russia

12/07/2018

In order to counter the decline of their success on the Russian market, Belgian beer giant AB InBev has placed its activities in Russia in a joint venture with Turkish Anadolu Efes.

Jumbo appoints new head of Belgian branch

11/07/2018

Dutch Jumbo Groep Holding has made a management reshuffle, with Peter Isaac becoming the new managing director of the group's Belgian branch. Bart van den Nieuwenhof meanwhile is set to leave the group's restaurant chain La Place.

Snacks boost Pepsico’s sales

10/07/2018

Snack and beverage giant Pepsico has recorded a slight revenue growth of 2.4 % in the second quarter of this year. Net profit however went 14 % lower, due to rising taxes.

Ahold Delhaize changes management in Greece and Romania

09/07/2018

Ahold Delhaize has announced two changes to its management team in Europe: Vassilis Stavrou becomes Brand President of Alfa Beta in Greece. He succeeds Leonidas Vrettakos, who is retiring after 21 years with the business.

Tesco and Carrefour to join forces

02/07/2018

Brexit or no Brexit, British Tesco and French Carrefour have joined forces for the purchases of both A-brand products and private labels. Service suppliers too will face a united front from now on.