Belk announces retirement of Tim Belk as CEO
The Board of Directors of Belk, Inc. announced on June 29, 2016 that Tim Belk will retire as chief executive officer of the company in July 2016. He will continue to serve on the Belk Board. Lisa Harper, who previously served as chief executive officer of Hot Topic, Inc., will succeed Tim Belk as CEO, effective July 5, 2016.
“After managing through the ownership transition and filling a number of key management positions, I’ve decided this is an opportune time for me to retire as CEO of Belk,” said Tim Belk. “It has been an honour to continue my family’s legacy by serving the company over the past 35 years. I would like to express my gratitude to the thousands of associates, both current and former, and the customers who have helped create the company Belk is today. Their commitment to and passion for our company has been incredible.”
He added, “I also appreciate the partnership we’ve developed with Stefan Kaluzny and Sycamore Partners. Their vision and expertise will carry the company forward to even greater success. A North Carolina native who worked on the selling floor at Belk as one of her first jobs, Lisa Harper brings more than two decades of experience across the retail industry. I am confident she will be a dynamic leader who will carry forth our values, our brand, and our focus on our customers. I look forward to working with Lisa during a transition period in July and in my continued role as a board member.”
Stefan Kaluzny, chairman of the Belk, Inc. Board of Directors and managing director of Sycamore Partners, said, “Tim’s vision and passion as a leader were among the qualities that first attracted us to Belk, and I look forward to continuing to work with him on the Board. We are excited for the company’s next chapter, and we believe Lisa will position Belk for future success as we build on the company’s legacy and continue to deliver its Modern. Southern. Style.”
Tim Belk has served as CEO of the company since 2004. He joined the company in 1981 as a management trainee, and has served in a variety of roles, including buyer, store manager, divisional merchandise manager for men’s and boys, senior vice president of human resources, and president of stores and real estate. He led the company through the acquisitions of Parisian, Proffitt’s and McRae’s.
Harper served as CEO of Hot Topic from March 2011 until June 2016. She will continue to serve on the Hot Topic Board of Directors, which she joined in June 2008.
Harper served as CEO from 2001 to 2006 and Chairman from 2002-2006 of the Gymboree Corporation, a publicly traded company operating a chain of specialty retail stores for children and women. She also held various creative, merchandising and design positions at Gymboree and, before that, held similar positions with several other clothing retailers, including Limited Too, Esprit de Corp., GapKids, Mervyn’s, and Levi Strauss.
Harper is a native of Durham, North Carolina and attended the University of North Carolina at Chapel Hill.
Belk, Inc., a private department store company based in Charlotte, N.C., is the home of Modern. Southern. Style. With 293 Belk stores located in 16 Southern states and a growing digital presence. Belk is a portfolio company of Sycamore Partners, a private equity firm based in New York. Belk and its e-commerce arm offer a wide assortment of national branded and private label fashion apparel, shoes and accessories for the entire family along with top name cosmetics, a wedding registry and a large selection of quality merchandise for the home.
Sycamore Partners is a private equity firm based in New York specializing in consumer and retail investments. The firm has more than USD 3.5 billion in capital under management. The firm’s strategy is to partner with management teams to improve the operating profitability and strategic value of their businesses. The firm’s investment portfolio currently includes Aeropostale, Belk, Coldwater Creek, Dollar Express, EMP Merchandising, Hot Topic, the Kasper Group, MGF Sourcing, Nine West Holdings, Talbots and Torrid.
New President of the Fédératiion Française du Prête à Porter Féminin
At the General Assembly of June 30, 2016, the French Federation du Prèt à Porter Féminin has elected a new Board and Pierre-François Le Louët was named President of the Federation. There were also other elections
For a three year term were elected
President : Pierre-François Le Louët
First Vice President : Daniel Wertel
Second Vice President: Frédéric Chaigneau
Third Vice President : Alain Sarfati
Treasurer: Eric Sprung
Pierre-Françoit Le Louët (42) has a diploma of ESCP Eurpe and of IFM. He startet his carrier as parliamentary assistant before joining the marketing team of L’Oréal in 1998. In 2001 he joined the NellyRodi agency formed by his mother and serving the sector of economic consulting. In 2003 he became the President of the company. He enjoys contempory art and is also executive director of Nelly Rodi Japan and President of its investment arm the NellyRody Money Box. Since 2007 he is administrative director of the Syndicat de Paris de la Mode Féminine and integrated in the Board of Director of the Federation between 2007 – 2010 and again from 2013 he will now preside.
He welcomes the action of his predecessor Daniel Wertel and confirms: “The three last years and in line with the Board of Directors, Wertel and his team has coordinated an important modernisation of the Federation. I am happy that he has accepted to continue a marked position within the newly elected Board. In this framework our member companies have been subject to an important and fast transformation. I will accompany this mutation in line with the board in order to help the enterprises to respond to the new environment: evolution of consumer habits, transformation of distribution channels, digitalisation and winning new markets without neglecting the necessary leadership in Paris.”
14 new administrators were elected, thereof four are newcomers, among seven regional syndicates within the Federation, namely
Yves Casile / Mode Habillement Rhône-Alpes / Nathalie Chaize
Frédéric Chaigneau / Mode Grand Ouest / Mât de Misaine
Sylvie Chailloux / Mode Grand Ouest / Textile du Maine
Pierre-François Le Louët / Syndicat de Paris de la Mode Féminine / NellyRodi
Freddy Marcy / URIC / Groupe Mulliez-Flory
Amedi Nacer / Normandie Habillement / Simon Fonlupt Production, Les Établissements Thierry
Myriam Nublat / Syndicat de Toulouse / Heteroclyte
Jean-Yves Papin / Mode Grand Ouest / Hofica
Philippe Pianko / Syndicat de Paris de la Mode Féminine / International Diffusion
Gérard Ravouna / Mode Habillement Rhône-Alpes / Babouchka
Alain Sarfati / Syndicat Interrégional / Eva
Eric Sprung / Syndicat de Paris de la Mode Féminine / Sprung Frères
Elie Weill / Syndicat Interrégional / Vêtements Weill
Daniel Wertel / Syndicat de Paris de la Mode Féminine / Feelgood
The Federation is a business partner of French fashion enterprises with the objective to accompany brands in their development as well as internationally. The Federations role is to open new markets, to support the members in their strategy of growth and to forecast the new environment such companies are faced with.
The Federation also regroups seven regional syndicates of the French prèt-à-porter sector, and the Federation serves as an intermediary between public authorities, employers and institutions, elected authorities and media.
It is also the focal point for all players of fashion generating a support of around EUR 6 billion yearly. In 2015, the turnover of the French prête-à-porter sector reached EUR 11 billion.