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April 16, 2008
Granoff Leaves Liz For Kenneth Cole
Kenneth Cole has recruited Liz Claiborne’s Jill Granoff as its new CEO in an effort to get the company back on track. Granoff, who is currently executive vice president of direct brands at Liz, will replace Kenneth Cole himself in the CEO role. However, Cole will remain chairman and chief creative officer of his company.
Granoff has a challenge ahead, considering that Kenneth Cole’s profits fell 73.5% last year while revenues dipped 4.8%. Granoff is expected to streamline the company's operations and work on retail and brand building.
She takes on the new post May 5th.
Posted by Blacks on April 16, 2008 10:59 AM
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