Valérie Hermann Departs Reed Krakoff-------
Valérie Hermann, the president and CEO of Reed Krakoff Co. since 2011, has resigned from her post, reports WWD. The executive, who previously served as the CEO of Yves Saint Laurent in Paris, will officially step down on March 15. “Valérie is a founding partner of the Reed Krakoff company and has been a trusted friend and adviser over the last three years,” offered Krakoff, who presented his first show since acquiring his brand from Coach during New York fashion week. “I am extremely grateful to Reed Krakoff for giving me the opportunity to come to the U.S. and develop, together with him and a wonderful team, what is certainly going to be one of the most exciting American luxury brands,” added Hermann. Krakoff will assume the role of CEO. No announcement has yet been made regarding Hermann’s future plans.