Abercrombie & Fitch
Christos Angelides, President of Abercrombie & Fitch, has left the all-American retailer, effective immediately, eliminating him as a possible contender for CEO. Hollister President Fran Horowitz will oversee both brands in the newly created role as President and Chief Merchandising Officer and report to Executive Chairman Arthur Martinez. It’s been quite a year for the brand following the dismissal of controversial CEO Mike Jefferies and they have been on a mission to revamp their image ever since to win back customers. Two new presidents will also be named to lead the Abercrombie and Hollister brands.
Management consultancy firm Bain & Company partner Erika Serow has been named President and Chief Executive of Sweaty Betty’s US business, effective from January 18. She will be based in New York. She has over 20 years experience in there retail sector, most recently as Head of the Americas retail practice at Bain & Company, where she was also a partner and Director.
Sweaty Betty received investment of an undisclosed sum from US-based private equity firm Catterton in February this year to support its expansion in key markets, such as the US.
Craig Hadley, Victoria Plum’s former Head of Buying, will join online furniture retailer MatalanDirect.com as Buying Director. Hadley has been appointed to oversee strategic category on boarding for the new online home brand, bringing experience with product design and brand development with him from Victoria Plum.
Matthew Bassiur has been named Vice President, Head of Global Intellectual Property Enforcement at Alibaba Group. He joins the Chinese e-commerce giant from Pfizer and previously worked at Apple; he will report to President Michael Evans and start next month. “Matthew’s appointment is the latest step in Alibaba Group’s comprehensive and industry-leading efforts to fight counterfeits,” said Jack Ma, Executive Chairman of Alibaba. Bassiur will lead a team that works with international brands, industry associations, regulators and law enforcement to further the company’s efforts at protecting intellectual property.