Nine West’s CEO step down as Sycamore splits business
10/09/2014
The newly organised businesses are Nine West (which includes the Nine West, Bandolino, Enzo Angiolini and Circa Joan & David brands, and the handbags division), Easy Spirit, NW Jewelry Group and Anne Klein.
Peggy Eskenasi, previously senior executive vice-president for product development at Kohl's, has joined Sycamore to serve as executive chairman of Easy Spirit, NW Jewelry Group and Anne Klein. She will also advise Sycamore on brand development across its portfolio of retail and consumer investments.
Stefan Kaluzny, a managing director at Sycamore, said: "We believe the reorganisation will allow each business to better serve their customers and focus on achieving greater efficiency and long-term profitability. We are excited to have a talented group of executives leading these businesses."
Kathy Nedorostek has stepped as CEO of the Nine West Footwear Group, replaced for the time being by Andrew Hede.
Eric Dauwalter, president of Easy Spirit, and Fran Lukas, president of NW Jewelry, will continue to lead their respective businesses in the new structure. Ms Eskenasi will lead the recruitment and development of a management team to lead the newly formed Anne Klein business unit
Sycamore Partners, which bought the business in December 2013 as part of the Jones Group, has also invested Kurt Geiger, Stuart Weitzman and Talbots.
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