Jill Granoff, formerly group president of direct-to-consumer, is being promoted to executive vice president of direct brands and will be responsible for
Juicy Couture, Lucky Brand and Sigrid Olsen, as well as the company's outlet and e-commerce business. The direct brands will receive more time and talent investment going forward. Claiborne president
Trudy Sullivan will run the less sexy of the two new divisions.
A July 11 Investors Day meeting should reveal more details of the company's future structure and the roles of the 40-plus brands in the portfolio. All, besides the "power brands," are susceptible to divestiture, including selling, closing or being turned into an exclusive for a retailer.
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