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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The Shape of Things to Come, With Haute Label dMondaine
Things are in great shape over at dMondaine! The slimming lingerie brand, created by designer Kiana Anvaripour, is designed to enhance women’s curves rather than hide them, while...
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Áslaug Magnúsdóttir, co-founder and formerly CEO of Moda Operandi, has left the company...Carissa Rosenberg Tozzi, formerly entertainment director at Seventeen, has been promoted...
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Another Cannes Jewelry Theft: $2.6 Million de Grisogono Necklace Disappears
Catch them if you Cannes! A second jewelry theft has taken place at Cannes and this time it was a $2.5 million de Grisogono necklace.
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