Stefan Larsson’s Journey: From Out in the Wild to Next in Line at PVH
Stefan Larsson is coming in from the fashion wilderness. And he’s back on his way to the corner office — at PVH Corp., where he was named president and heir-apparent to longtime chief executive officer Emanuel Chirico, who is also chairman. The move marks the beginning of a deliberate changing of the guard at PVH, the $9.7 billion fashion player that’s home to Tommy Hilfiger, which is going from strength to strength and drove revenues up 11.6 percent to $4.3 billion last year, and Calvin Klein, which is pivoting away from the more fashion-forward direction of Raf Simons, but still drove revenues up 7.8 percent last year to $3.7 billion. Chirico, at 61, isn’t sprinting for the exit, but is more aware that it’s there. And although he just re-upped for five years, the general plan is for Chirico to give Larsson a chance to learn the business and then he’ll transition to executive chairman over the next three to four years, handing over the job of ceo. Larsson, 44, comes from a different generation, but in an exclusive interview with WWD on Tuesday, the two executives seemed to have chemistry and certainly shared a business philosophy, one that revolves around building consensus, takingFollow WWD on Twitter or become a fan on Facebook.
from WWDWWD http://bit.ly/2JyuEj7
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