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LVMH

Newspeopleretailers

Forever 21 Names New CEO

by Katie Lee

Los Angeles — On January 19, Forever 21 named Winnie Park as chief executive officer (CEO) of the fashion brand. The appointment is effective immediately. Park joins Forever 21 from Paper Source, where she served as CEO for the past 6 years. Park’s tenure at Paper Source is marked by transforming the brand from a brick-and-mortar retailer to a lifestyle brand with a robust digital platform spanning social, digital content, online subscriptions and affiliate partnerships. She also led the successful sale of the brand to an affiliate of Barnes & …

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Newspeopleretailers

Luxury Outerwear Retailer Mackage Appoints New CEO

by Katie Lee

Montreal — Mackage, the luxury outerwear specialist, has appointed New York City fashion veteran Tanya Golesic as chief executive officer. She joins the Canadian retailer from Jimmy Choo. Golesic is a Canadian who has lived and worked in New York for over 20 years and brings a rare depth of global high fashion experience to Mackage, underscoring the company’s commitment to worldwide growth in the luxury space. “Tanya’s results-driven approach will build brand desirability through innovative digital marketing, focused product assortments and international expansion in key markets. All will serve …

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Newsretailers

LVMH to Acquire Tiffany & Co. for $16.2 Billion

by Katie Lee

Paris and New York City — LVMH Moët Hennessy Louis Vuitton SE (LVMH), the world’s leading luxury group, and Tiffany & Co., the global luxury jeweler, have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or $16.2 billion. The transaction is expected to close in the middle of 2020. For more than 180 years, Tiffany has been synonymous with elegance, innovative design, fine craftsmanship and creative excellence. Founded in 1837 when …

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