The year has only just gone past one month and already, there has been an increasing number of very high profile movements of heads of blue-chip compa
The year has only just gone past one month and already, there has been an increasing number of very high profile movements of heads of blue-chip companies/fashion houses to another. Italian designer, Riccardo Tisci has now joined the growing list. The creative director of Givenchy who is just shy of twelve years at the storied French label has called it quits with the fashion house. The split is however amicable and came at the end of his existing contract. Tisci’s tenure at the house was the perfect storm of creativity, commercial viability and undeniably luxe that is guaranteed to sell out as soon as they hit shop floors. In one of the most publicized coups of his tenure at the brand, Tisci designed both Kim Kardashian’s dress and Kanye West’s tuxedo for their 2014 wedding ceremony. Rumor has it that his next port of call will be Versace, though there is no confirmation yet. The designer has had a long relationship with the house’s current designer, Donatella Versace, even going as far as to cast her in a recent ad campaign.
Also leaving a notable fashion house is the CEO of Ralph Lauren, Stephen Larrson. Stephen and the founder, Ralph Lauren were said to have had a clash of creative interest, prompting his move. The two had different views on how to evolve. Ralph Lauren Corp. abruptly announced that the CEO will be leaving in May after a creative clash with the fashion brand’s founder, sending shares of the struggling company into a tailspin. He was only less than two years on the job. His severance package will include $10 million in cash as well as health benefits over the next two years. Larsson may have been doomed to fail because of his background in budget apparel, which runs counter to Ralph Lauren’s upscale image. Larsson worked for H&M and Old Navy, where he focused on streamlining supply chains and squeezing expenses. Ralph Lauren’s focus, meanwhile, has been on designs, quality and client relationships.
Stephen Larrson and Ralph Lauren
