Salewa has named Nol Gerritse as its new brand director, effective May 2. The announcement was made by the Oberalp Group, the owner of the brand specializing in mountain sports equipment.
Nol Gerritse
Gerritse, a Dutch native and U.S. citizen, has held senior positions at multinational companies, including Havaianas, Lululemon, Keen, Colgate, and Nike.
“Joining Salewa and the Oberalp Group represents an incredible opportunity for me to be part of a brand that is iconic in mountain culture and a leader in innovation,” Gerritse said. “I look forward to contributing to and shaping the new chapter of Salewa, celebrating its tradition while exploring new frontiers in design and performance.”.
“In Nol Gerritse, we have found a leader whose international experience across various industries will allow him to successfully develop our historic Salewa brand,” said Ruth Oberrauch, vice president of the Oberalp Group. “His global expertise and passion for the mountains align perfectly with Salewa and Oberalp’s philosophy, making him a key figure in our growth strategy.”
Founded 90 years ago in Munich, Salewa has grown into a brand generating €120 million in revenue. The company was acquired in 1990 by the Oberalp Group, which employs more than 1,200 people and owns brands such as Dynafit, Pomoca, Wild Country, Evolv, and Lamun.
Fashion e-tail giant ASOS on Wednesday unveiled a radical plan to restructure its business with some big leadership changes including an MD for the UK and US and another covering Europe and the rest of the world. Through all the numerous changes, there’s a clear theme of bringing commercial and customer functions together.
ASOS
CEO José Antonio Ramos Calamonte’s aim is to create a more joined-up business that has the customer’s needs at its heart. Decision-making should be accelerated and continuous innovation and improvement will be a core focus.
The 25-year-old company also said it has “significantly” reduced its stock levels, as well as improving its product and refinancing debt. That stock levels issue is a key point given how much surplus stock the company held in recent years.
The retailer, which currently has 20 million active customers in more than 200 markets, said the changes are expected to take effect from April.
So, what are the key leadership moves that have been announced? Importantly, the company has expanded Vanessa Spence’s role from executive vice-president of creative. With the firm since 2007, she steps up from ‘only’ leading the design and creative direction for all its owned brands to become EVP brand and creative. That’s a crucial move as it sees its brand and creative strategy coming together.
There there’s the aforementioned creation of MDs for the firm’s key regions. Current VP North America Sean Trend is becoming MD for the UK and US, which is a new role. And its SVP operations Jag Weatherley becomes MD for Europe and the rest-of-world region.
Meanwhile, Michelle Wilson, previously chief of staff and strategy, is now MD of Topshop and Topman and leading a dedicated cross-functional team to ensure the brands prosper as standalone since they were sold last autumn. The brands are now majority owned by Heartland, the holding company of major ASOS shareholder and Bestseller owner Anders Holch Povlsen. But ASOS retains a minority stake and continues to sell the high-profile labels.
ASOS
Wilson will also be in charge of the ASOS global wholesale division, that takes in its American partnership with Nordstrom in the US, its Indian one with Reliance Retail, and its European one with Bestseller.
Meanwhile, it was also announced that highly experienced Zalando’s software engineering VP Przemek Czarnecki joined ASOS earlier in February as its EVP technology. That role had been held by interim EVP Hugh Williams.
And that’s not the end of the changes. To “better align strategic decision-making and communication”, EVP people experience Ras Vaghjiani’s role is also expanding to become EVP people, communications and strategy. And supporting Vaghjiani will be Rishi Sharma, promoted from interim general counsel and company secretary to SVP corporate affairs and strategy.
The business is also creating product development teams (PDTs) with a focus on strategic priorities such as loyalty and Test & React with each team having an engineering lead partnered with a product manager. It comes as the firm has radically boosted its team of software engineers and product managers.
CEO José Antonio Ramos Calamonte called the news “an exciting new chapter for ASOS” that will better equip it for speedy growth.
The changes come as it fights back from a tough period that has seen its results (and its share price) declining sharply.
French fragrance group Interparfums announced on February 26 that its 2024 net profit rose by 10% to €129.9 million, fueled by the strong performance of Lacoste fragrances. The result was just above market expectations. A consensus provided by the company had forecast a net profit of €129.3 million.
Interparfums credited tight cost management for its 11% increase in operating profit, which hit €178 million. This resulted in an operating margin of 20.2%, aligning with projections released in January.
“In 2024, we once again delivered an outstanding performance, largely driven by Lacoste fragrances, in a year dedicated to revamping distribution and relaunching the brand,” said CEO Philippe Benacin in a statement.
The company, which has proposed a dividend of €1.15 per share (up 10% year-on-year), invested €187 million in marketing and communications last year to enhance brand visibility and drive sales.
Among its key partnerships, Interparfums has extended its licensing agreement with Van Cleef & Arpels for another nine years. Meanwhile, the group is now developing the first fragrance and beauty line under a newly signed Off-White license, set to debut between late 2026 and early 2027.
“In 2025, we aim to sustain our growth trajectory, with a revenue target of between €930 million and €935 million, reflecting the recent appreciation of the U.S. dollar,” Benacin added. This would represent an increase of 5.6% to 6.2%.
Interparfums’ annual general meeting is set for April 17, when the departures of Chantal Roos, Dominique Cyrot, and Frédéric Garcia-Pelayo from the board of directors will be formally announced. Garcia-Pelayo, who served as deputy CEO until the end of 2024, has been succeeded by Daphné Benacin, previously the group’s regional export director.
Michael Strahan is set to launch a direct-to-consumer custom tailoring operation, a new avenue of growth for his clothing brand after a decade in business.
Michael Strahan – Photographer: Sean Gardner/Getty Images
The Michael Strahan Design Lab plans to deliver made-to-order suits within two weeks at flat prices, such as $399 for a two-piece set. The new line of custom suits will be available through its own online shop, which goes live on Wednesday.
It’s a big leap for the former football-star-turned-television-personality, who in recent years has been adding shelf space for his apparel line at traditional retailers including JCPenney, Belk and Tailored Brands, which owns Men’s Wearhouse. The brand has also offered made-to-measure suits through Men’s Wearhouse.
Management still wants to add new retail chains, as well as expand in existing ones, and use the new site to offer customized production for groups like sports teams, wedding parties and corporate events. The company declined to share revenue figures.
Strahan, an NFL Hall of Fame member who cohosts ABC’s Good Morning America, and his cofounder at production firm SMAC Entertainment, Constance Schwartz-Morini, started the namesake brand as a suit line in 2015. The goal was to create an affordable, tailored clothing line, Schwartz-Morini said in a statement. This latest expansion comes as economic concerns weigh on consumer confidence and budget-conscious shoppers pull back on a variety of purchases.
“Typically celebrity brands – it’s hard for them to survive,” Koral Chen, senior vice president of brand development at SMAC, said in an interview. “But the fact is we’ve been here for 10 years and growing.”
The brand has since expanded into licensed sports apparel with the NFL and NHL, including an arrangement with US sports merchandise company Fanatics Inc.
Strahan’s brand has also dabbled in sports deals and talent management, signing top college football star Travis Hunter to a name, image and likeness agreement. And in March, Strahan signed a partnership with the United Football League to be its off-field apparel partner.