Could Joshua Schulman be headed to Coach Inc.?
Sources said the former president of Bergdorf Goodman is headed to Coach, possibly as brand president for the Coach brand.
A spokeswoman at Coach declined comment. Schulman could not be reached for comment.
The move suggests that the company is moving closer to a possible acquisition of handbag maker Kate Spade & Co. Schulman’s joining the company as brand president could set the stage for a management structure where the brand presidents all report to chief executive officer Victor Luis. Coach also owns Stuart Weitzman.
Coach has said it is on the acquisition trail, and Wall Street analysts believe that the accessories firm is transforming itself to be a holding company where it owns multiple brands under its corporate umbrella.
When word got out last week that Schulman was leaving Bergdorf’s on May 10 after five years at the retailer, it was stated that he had accepted a “leadership role at a multinational fashion company.” He also wore a second hat as president of NMG International, including overseeing the Munich-based Mytheresa.com division.
While Bergdorf’s marked Schulman’s first time running a department store, his experience — 25 years — is primarily on the wholesale side in the luxury sector.
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