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Waddle steps up to become CEO of J. Crew Group. Singer departs – WWD

Libby Wardre In addition to his current leadership responsibilities at Madwell, J. He has been appointed Chief Executive Officer of the J. Crew Group, which oversees the Crew and J. Crew Factory.

Jan singerJ. Crew Group CEO and J. “We chose to pursue other efforts,” the company said Tuesday, although it ran the crew’s business but was not responsible for Madwell. After serving as CEO of Victoria’s Secret, he joined the J. Crew Group last January and was a short-lived event for singers who previously worked for Spanx and Nike.

Madewell has been on a positive track for years, J. Crew has been plagued by fashion failures and quality issues over and over again. We couldn’t regain enough trust among consumers and regain that “cool element”. Once upon a time, this retailer had a special place in fashion. A blend of niche, whimsical, preppy, classic, color, mixing patterns and prints between luxury and mainstream, it was never too fashionable.

More stable than its sister division, Madwell does well with downtown charm, a clear fashion voice, and loyal supporters. Rooted in casual and laid-back denim.

Libby Wardre at the WWD CEO Summit.
Andrew Kist / WWD

The parent company broke out of bankruptcy last September and completed a four-month restructuring process that included significantly reducing debt and bringing in new ownership. Anchorage Capital Group LLC, which manages private investment funds with a focus on default and leveraged issuers, is currently the majority owner. Although it was rebuilt and went bankrupt, J. Crew brands still need turnarounds.

Wadle has over 25 years of experience in the retail and apparel industry, has spent the last 16 years at J. Crew and has held senior management positions at each brand.

Most recently, she was President of Madewell and then CEO. There, the brand has achieved significant and consistent growth under her leadership. She has been with Madwell since it was started by the legendary Millard “Mickey” Drexler.

“Libby’s connectivity to the J.Crew and Madewell brands, her solid ability to build communities inside and outside the organization, and her track record of providing excellent operational and financial performance make her an ideal person to lead the J. Crew Group. “. Kevin Ulrich, J. Chairman of the crew board. “Importantly, thanks to J. Crew for his dedication and contribution, and to Jan for leading the company over the difficult years in the industry. I hope her future efforts will be the best. hoping.”

The company operates 161 J. Crew retail stores, 144 Madewell stores, and 168 J. Crew Factory stores in the United States. Operates websites for Crew, Madewell, and J. Crew Factory.

Jan singer
John Aquino / WWD

Waddle steps up to become CEO of J. Crew Group. Singer departs – WWD

Source link Waddle steps up to become CEO of J. Crew Group. Singer departs – WWD

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