Jim Gold, a longtime former Neiman Marcus government, has teamed up with a competitor of the Dallas-based luxurious retailer that has a worldwide e-commerce enterprise specializing in “contemporary off the runway” vogue. .
Gold has been named appearing CEO of Moda Operandi after the departure of Ganesh Srivats, who had been CEO for greater than two years.
Gold was President and Chief Advertising and marketing Officer for Neiman Marcus when he left in March 2019 after 28 years with the Dallas retailer. He signed a separation settlement with non-competitive limitations that expired in July.
Rivals named in that non-competitive deal embrace Moda Operandi and different retailers comparable to Amazon, YOOX Web-a-Porter Group, Saks Fifth Avenue, Nordstrom, Matches Trend, and Far Fetch.
It is unclear if Gold is a candidate for the everlasting CEO place. No resolution has been made, a spokeswoman mentioned.
Moda Operandi permits prospects to order straight from designers after a present. It was co-founded in 2010 by a former vogue Editor, Lauren Santo Domingo, who, in keeping with the corporate’s web site, observed a disconnect between what was on the runways and what was within the shops.
“I’m grateful to Ganesh for her contributions to our enterprise and for main our extremely gifted and devoted crew by means of these turbulent occasions,” mentioned Santa Domingo, chief model officer for the corporate she co-founded.
“I’ve lengthy admired Moda Operandi’s spectacular consumer following and am wanting ahead to working with Lauren and her crew as interim CEO,” Gold mentioned in a press release. He couldn’t be reached for extra remark. Gold left when Neiman Marcus’s board employed Geoffroy van Raemdonck to be CEO in February 2019.
Gold brings with him “in depth expertise in vogue retail and in-depth information of the Moda Operandi luxurious client,” Santo Domingo mentioned. “I stay up for working with Jim as we envision new and thrilling methods to serve our extraordinary prospects.”
The non-public firm doesn’t disclose annual gross sales, a spokeswoman mentioned. A 12 months in the past, he raised $ 100 million, bringing his complete fairness acquired to $ 345 million. In keeping with its web site, the retailer says it really works with 1,000 manufacturers and designers, has 400 workers and showrooms in New York, London and Hong Kong, and ships to 125 international locations.
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