Kenneth Cole to step aside
15/04/2008
Footwear brand Kenneth Cole Productions (KCP) has announced the appointment of Jill Granoff as its new chief executive officer. She will take over the role from Kenneth Cole on May 5. Mr Cole will continue as chairman and chief creative officer, retaining creative control over brand positioning, product, design, and advertising.
The New York-based company said that Ms Granoff would assume primary responsibility for domestic and international operations including the company's retail, wholesale, and licensing businesses and the related support functions.
She was previously the executive vice president of direct brands of Liz Claiborne Inc. She was responsible for the key growth engines at Liz Claiborne with global oversight for Juicy Couture, Lucky Brand Jeans, Kate Spade and the company's outlet stores and E-commerce businesses.
KCP reported a net loss for the fourth quarter of $3.1 million, compared to net income of $8 million in the same quarter year before. Net sales for the fourth quarter were $132.1 million, down 2.1% from $135 million in the comparable quarter of the prior year.
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