In the middle of a widespread broadcast surrounding Neiman Marcus Group’s (NMG) potential sale, Bergdorf Goodman, a high-end luxury departmental store owned by NMG, has announced the news of departure of its President Joshua Schulman. He presided over NMG’s international arm and apart from his position at Bergdorf, he also supervised NMG-owned Munich-based luxury e-tailer Mytheresa.com.
Schulman has been with Bergdorf Goodman for five years and will officially take his departure next month on 10th May to join a yet to be named global fashion business. Previously the CEO of Jimmy Choo, he has overseen multiple big pocket projects for the retailer including the most hyped Rihanna’s Fenty x Puma collection as well as a big push into the footwear segments and hot men’s market.
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Post his departure, President and Chief Merchandising Officer of Neiman Marcus, Jim Gold will be taking over the Bergdorf Goodman side and Mytheresa.com President, Michael Kliger will now report to Karen Katz, President and CEO of NMG. The future of Neiman Markus looks ambiguous as the company continuously states declining sales and is seriously considering putting itself up for sale.