Jim Gold, a former longtime Neiman Marcus government, has joined a competitor of the Dallas-based luxurious retailer that has a worldwide e-commerce enterprise specializing in “proper off the runway” style.
Gold has been named interim CEO of Moda Operandi after the departure of Ganesh Srivats, who had been CEO for greater than two years.
Gold was president and chief merchandising officer of Neiman Marcus when he left in March 2019 after 28 years with the Dallas retailer. He signed a separation settlement with noncompete limitations that expired in July.
The rivals named in that noncompete settlement included Moda Operandi and different retailers comparable to Amazon, YOOX Web-a-Porter Group, Saks Fifth Avenue, Nordstrom, Matches Vogue and Far Fetch.
It’s not clear whether or not Gold is a candidate for the everlasting CEO place. A call hasn’t been made, a spokeswoman mentioned.
Moda Operandi permits prospects to put orders straight from designers after a runway present. It was co-founded in 2010 by a former Vogue editor, Lauren Santo Domingo, who, in accordance with the corporate’s web site, seen a disconnect between what was on the runways and what was in shops.
“I’m grateful to Ganesh for his contributions to our enterprise and for main our extremely proficient and devoted group by way of these turbulent instances,” mentioned Santa Domingo, chief model officer of the corporate she co-founded.
“I’ve lengthy admired Moda Operandi’s spectacular consumer following and really a lot sit up for working with Lauren and her group as interim CEO,” Gold mentioned in assertion. He couldn’t be reached for extra remark. Gold left because the board of Neiman Marcus employed Geoffroy van Raemdonck to be CEO in February 2019.
Gold brings with him “intensive style retail expertise and a deep understanding of Moda Operandi’s luxurious client,” Santo Domingo mentioned. “I sit up for working with Jim as we envision new and thrilling methods to serve our extraordinary shoppers.”
The privately held firm doesn’t disclose annual gross sales, a spokeswoman mentioned. A yr in the past, it raised $100 million, bringing its whole fairness capital acquired to $345 million. In accordance with its web site, the retailer says it really works with 1,000 manufacturers and designers, has 400 staff and showrooms in New York, London and Hong Kong, and ships to 125 nations.