Neiman Marcus Acquires Ralph Lauren Executive as CEO

Neiman Marcus Group announced last week that current CEO Karen Katz, set to retire in February, will be replaced by former Ralph Lauren executive Geoffroy Van Raemdonck.

Van Raemdonck is no stranger to the luxury brand sector. His experience includes serving as group president for Ralph Lauren’s Europe, Middle East, and Africa divisions and global travel retail, CEO at St. John Knits International, and various leadership roles at Louis Vuitton. Regarding his new role as president and CEO of Neiman Marcus, he expects to work closely with the leadership team, its 14,000 global employees, and the company’s luxury brand partners to innovate and engage customers in new ways. He also gives honor to his predecessor and the company as a whole, by stating, “Neiman Marcus manages one of the most iconic brand portfolios in fashion retailing, and I am excited to build on the great foundation Karen created during her tenure.” 

Katz will remain on the company’s board and will work closely with van Raemdonck during the transition process. Board chairman David Kaplan credits Katz for helping establish Neiman Marcus as a digital leader in luxury fashion and retail, and appreciates her 30+ years of vision and significant contributions. Read more here.