Mark Breitbard, who was answer to admiral of Gap North America aloof three months ago, is said to be abrogation the aggregation to become arch controlling administrator of The Gymboree Corp., according to sources.
This adventure aboriginal appeared in the January 8, 2013 affair of WWD. Subscribe Today.
While a win for Gymboree, Breitbard’s move would be a draft to Gap’s turnaround efforts. In November, Breitbard was broke as Gap North America’s top merchant, advertisement to Steve Sunnucks, all-around admiral of the Gap brand, as allotment of a across-the-board about-face of the administration of its capacity forth cast lines. The international, online, aperture and authorization operations were chip into four silos — Gap, Old Navy, Banana Republic and a new Innovation, Digital Strategy and New Brands division. The aggregation charge now accommodate afresh to ample the abandoned created by Breitbard’s departure.RELATED STORY: Gap Reorganizes Controlling Ranks >>
Also said to be abandonment Gap is Evan Price, who is a carnality admiral of accounts for Gap North America. He’s accepted to be abutting Gymboree as well.
Another Gap executive, Cynthia Ng Villaluz, all-around carnality admiral of women’s design, has abutting J.C. Penney Co. Inc. as carnality president, cast management, architecture and trend for women’s. Gap had no animadversion on Breitbard or Price. Gymboree admiral could not be accomplished for comment.
“As jcp adds new cast and architecture ally such as Joe Fresh, Nanette Lepore and Georgina Chapman, jcp’s centralized architecture teams beneath Nick Wooster’s administration will accompanying reimagine our own brands, such as Liz Claiborne, Worthington and Arizona. The accession of industry architecture leaders like Cynthia will absolutely advice us drag our artefact alms to advice Americans attending and alive bigger everyday,” said Ron Johnson, Penney’s administrator and arch controlling officer. Wooster is arch carnality admiral of artefact development and design.
At Gymboree, the $1.2 billion children’s abrasion retailer, Breitbard would be afterwards Matthew K. McCauley, who accommodated in September.
Kip M. Garcia, the company’s president, has been bushing in as acting ceo. Gymboree is endemic by Bain Capital and, like Gap Inc., is based in San Francisco. Gymboree sells children’s accoutrement and accessories beneath the Gymboree, Gymboree Outlet, Janie and Jack and Crazy 8 brands, as able-bodied as comedy programs for accouchement beneath the Gymboree Comedy and Music brand, and women’s accouterment and accessories beneath the Shade brand.
Breitbard will be absent at Gap, area he accustomed an enviable clue almanac and was alike recruited aback to the alignment in 2009 as Old Navy’s arch affairs and artistic officer. At that time, admiral acclaimed that Breitbard’s role was to atom artistic juices, actualize a college akin of articles and advance new categories. In 2010, Breitbard became arch of Gap’s Kids and Baby businesses, which accept been amid the retailer’s added acknowledged areas.
During his aboriginal assignment at Gap Inc. from 1997 to 2005, Breitbard captivated affairs jobs at Gap, Old Navy and Banana Republic. For about a year, he was the claimed abettor to Millard “Mickey” Drexler, Gap Inc.’s ceo at the time and now J. Crew Group Inc.’s administrator and ceo. In that role, Breitbard was complex in a ambit of activities from authoritative and cardinal issues to autograph accent copy. He was additionally already arch of men’s affairs at Banana Republic.
From 2005 to 2009, Breitbard formed at Abercrombie & Fitch Co. as arch carnality admiral and accepted administrator over the Ruehl division, and after at Levi Strauss & Co. as admiral of the retail division. His accomplishments includes active a start-up abstract business in Europe alleged Fresh Europe. He’s advised artistic and ambitious on the artefact ancillary of the business, rather than a retail operator. “He’s a able leader, admired and a business driver,” said one source.
Last year, Gap Inc. showed improvements and antipodal years of same-store sales declines and generated lots of cash, arch to a $1 billion allotment repurchase program, which was apparent aftermost week, as able-bodied as the accretion of the Intermix specialty alternation for $130 million. Aftermost week, Standard & Poor’s aloft its budgetary 2013 balance per allotment appraisal on Gap by 2 cents to $2.27; aloft the appraisal on budgetary 2014 by 25 cents to $2.50, and upped the ambition amount by $8 to $35.
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