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1 Fung Business Intelligence Centre Global Retail & Technology Flash Report FRYE and Bonobos new leadership Copyright © 2015 The Fung Group. All rights reserved.
May 7, 2015
2 MAJOR EXECUTIVES APPOINTED The Frye Company Names Adrienne Lazarus CEO
On May 6, Global Brands Group Holding Limited named Adrienne Lazarus as CEO of The Frye Company, one of the group’s controlled brands. Ms. Lazarus is an accomplished fashion and retail industry executive with 25 years of experience and a strong track record of building and growing teams and businesses at Intermix and Ann Taylor.
Ms. Lazarus’ appointment reflects Global Brands’ strategic focus on positioning Frye as a leading lifestyle brand. With the brand’s rich heritage and reputation for quality, it appeals to the fashion-‐conscious due to its classic, vintage styling, durability, and quality. Frye currently has four flagship retail stores in the Soho neighborhood of New York City, Boston, Georgetown, and Chicago, in addition to a rapidly growing online
presence. The brand is expected to benefit from Ms. Lazarus’ ability to relate to consumers, build a strong brand and marketing vision, and develop effective teams.
Prior to joining Frye, Ms. Lazarus served as a consultant to the retail industry. Before that, she was President at Intermix, a multi-‐brand fashion retailer from 2009 until it was acquired by Gap Inc. in 2013. At Intermix, Ms. Lazarus successfully repositioned and led a turnaround of the company, increasing its sales and appeal to the contemporary fashion customer. Prior to that, she held several positions at Ann Taylor, including vice president of the Ann Taylor brand, where she played a leading role in launching Loft and growing it to more than 500 stores with more than $1 billion in sales. Ms. Lazarus started her career at May Department stores.
2 Fung Business Intelligence Centre Global Retail & Technology Flash Report FRYE and Bonobos new leadership Copyright © 2015 The Fung Group. All rights reserved.
Names Francine Della Badia CEO
On May 7, Bonobos announced that founder Andy Dunn was stepping aside as CEO to become executive chairman and that Francine Della Badia was named CEO. Ms. Della Badia is an experienced apparel industry executive with more than 16 years of experience at Coach and other retailers. She will oversee the Bonobos, ANR, and Maide product lines and also join the company’s board of directors.
Ms. Della Badia will run day-‐to-‐day operations of the company, which has seen significant growth over the last 12 months, in which it doubled the number of its Guideshops, including the opening of a new flagship store in the Flatiron district of New York City scheduled for June
2015. The brand is also carried in 118 Nordstrom stores and at several Belk stores. Bonobos, founded in 2007, sold its one-‐millionth pair of pants in April 2015 and now offers nearly every category of menswear online and in physical stores. The company raised $55 million in a Series D round in July 2014.
Most recently, Ms. Della Badia ran Fashion CampNYC, an accelerator based in New York. Before that, she worked at Coach, most recently as head of the North American retail merchandising, planning and allocations teams. Her prior experience includes stints as vice president of Victoria’s Secret stores, as well as at J. Crew and Banana Republic. Ms. Della Badia Fran holds a B.A. degree in International Affairs and French from Lafayette College.
3 Fung Business Intelligence Centre Global Retail & Technology Flash Report FRYE and Bonobos new leadership Copyright © 2015 The Fung Group. All rights reserved.
Deborah Weinswig, CPA Executive Director—Head of Global Retail & Technology Fung Business Intelligence Centre New York: 917.655.6790 Hong Kong: +852 6119 1779 [email protected] Cam Bolden [email protected] Marie Driscoll, CFA [email protected] John Harmon, CFA [email protected] Amy Hedrick [email protected] Aragorn Ho [email protected] John Mercer [email protected] Charlie Poon [email protected] Kiril Popov [email protected] Stephanie Reilly [email protected] Lan Rosengard [email protected] Jing Wang [email protected]
