Major Changes Taking Place Within the Industry

L’Oréal USA Announces Executive Leadership Changes

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L’Oréal USA announced on January 30th, the departure of two long-time L’Oréal leaders, along with several new executive appointments to key divisional and brand roles across the company. All newly appointed executives will join the L’Oréal USA Strategic Committee. David Greenberg, Ikdeep Singh, Tim Coolican and Stephane Charbonnier will all take on new roles while Sarah Hibberson and Pat Parenty will be retiring.

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Macy’s Sees Stock Rise Amid Talks of Sale

Macys-LogoThe in-person retail that department stores offer has faced an uphill battle in recent years. Buying online has become a true contender for consumer business with that service for notable chains like Macy’s.

It also shows the evident reason for the chain’s recent rise in stock price. Jumping seven percent, Macy’s stock reached $33.04 late last week as interest in a potential sale climbs as well.

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Ralph Lauren’s Future Unclear Following Exit Of CEO Stefan Larsson

polo-ralph-lauren-logo-vector-fclkrjsm-1Everything seemed to be going smoothly early on following the hire of Stefan Larsson in September 2015. The former H&M and Old Navy executive was brought into Ralph Lauren as chief executive officer with intentions of replacing Lauren himself.

Still, this relationship never truly seemed to get off the ground. Rumors have swirled ever since regarding their communication and difference in outlook for the company, though only as rumors.

That can no longer be the case following news of Larsson’s departure from Ralph Lauren effective May 1st. In his stead, chief financial officer, Jane Nielson, will continue to enact his Way Forward plan within the brand. She will do so until they concludes their search for a new successor to Larsson’s position.

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CEO Frederic Cumenal Departs Tiffany & Co. Following Low Financial, Holiday Numbers

brands-TiffanyCoFrederic Cumenal has announced his departure from his position as chief executive officer at Tiffany & Co. In his stead, chairman Michael Kowalski will once again enter the role of CEO. He was originally succeeded by Cumenal three years prior, who joined Tiffany in 2011 before being promoted.

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Condé Nast Starts Restructuring Process Proposed In October

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Condé Nast first talked about restructuring late last year. In October, they revealed the plan to consolidate their copy, research and creative teams among other changes. Those proposals have begun taking effect as of the end of January.

Those three teams within the Condé Nast organization have indeed been consolidated. This was previously confirmed on top of coinciding layoffs. While larger cuts have yet to take place, other considerable changes have been rumored. Most have been surrounding the marketing, corporate sales and magazine publishing teams.

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