It is the third time in last two months that a member of Vince’s executive suite has stepped down; now CEO Jill Granoff of multichannel fashion retailer Vince LLC will leave the company as soon as a replacement is found. Her exit follows the departure of two other executives. Karin Gregersen, President and Chief Creative Officer, has decided to leave the company and her job will not be filled at this time. Recently, Lisa Klinger too resigned from her position as CFO and was replaced on an interim basis by Mark Brody. The company posted double-digit net sales growth in the first quarter of fiscal 2015 and prepares to update its e-commerce offerings. It reported net sales of US $ 59.8 million during the first quarter of 2015, up 11.8% year-over-year from US $ 53.5 million during the same period in 2014.
The company has now hired Livia Lee as Senior Vice President of Merchandising, effective July 20. Lee previously worked for Lacoste, Victoria’s Secret and Gap.
