News & Scoops
2012 December 12
Puma CEO Franz Koch Steps Down
(NEW YORK) After six years at Puma, two of which were spent as CEO, Franz Koch is stepping down from the chief exec role as well as PPR's group executive committee. Koch will work alongside Puma's chairman and PPR managing director Jean-Francois Palus until Spring 2013, when his position will be filled by a yet-unknown CEO. Koch's leave along with the recent departure of the administrative board's chairman, Jochen Zeitz, coincides with PPR's aim to turn the label's financial struggles around after the announcement that profits were down by 85.1 percent.
Additional recent management changes at Puma include the appointment of Andy Koehler, formerly manager of Adidas AG (ADS), as chief operating officer, and Jean-Francois Palus, formerly PPR SA Managing Director, as chairman. In the effort to boost profits, Puma will also close 80 existing stores, focusing instead on production and marketing.
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Dr. Dennis Basso On His Big FIT Alum Moment
One of the coolest cats in the biz is Dennis Basso, and today the designer is receiving an honorary degree at FIT's commencement ceremony. We couldn't let this honor pass by without...
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Parsons Shows Off Senior Theses and Fêtes Proenza Schouler
Last night Parsons was on parade! The design school held their annual Parson Fashion Benefit to debut their students' senior theses in a fashion show at Chelsea Piers to a packed house...
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Daniella Helayel Out At Issa London
Daniella Helayel, founder and creative director of Issa London, will be exiting the company after over a dozen years at the label she launched. She will be succeeded by Blue Farrier...
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