Fashion World updates

Ojo the Latest Out in Coty’s Ongoing Executive Shake-up

Women's Wear Daily -

Ukonwa Ojo, the global chief marketing officer of Cover Girl and Sally Hansen, is the latest high-level departure from Coty Inc.’s consumer division. Her exit comes a week after it was announced that Laurent Kleitman, president of the Consumer Beauty division, was being replaced by chief executive officer Pierre Laubies. “We have tremendous respect for Ukonwa and gratitude for her contributions to Coty. During her two years here, she helped build our global marketing team and capabilities and spearheaded brave brand initiatives,” said a Coty spokesperson in a statement confirming her departure to pursue other opportunities. Ojo relocated from her post in London with Unilever in 2016 to join Coty as senior vice president of Cover Girl. She was promoted to chief marketing officer, global Cover Girl, Sally Hansen and Consumer Beauty U.S. last summer. Ojo was instrumental in the relaunch of Cover Girl, as well as the debut of the brand’s own store in Manhattan’s Times Square that she said was inspired by events like Beautycon. Despite the spark Ojo injected into the beauty nameplates, the Consumer Beauty division continues to struggle. Consumer Beauty sales declined last year — down 20.6 percent in the fourth quarter, to $828.8 million. Part of that was

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Drexler Steps Down as Chairman of J. Crew Group to Focus on New Ventures

Women's Wear Daily -

Millard “Mickey” Drexler has stepped down as chairman of J. Crew Group Inc. and is being succeeded by Chad Leat, another member of the J. Crew board. Drexler, the former chief executive officer of J. Crew, is retiring to devote his full time to Drexler Ventures LLC and other interests. Drexler Ventures was launched in July 2017. Drexler Ventures invests in and advises emerging brands, including Outdoor Voices, which sells men’s and women’s activewear, and Warby Parker, the eyewear company that for every pair of eyeglasses sold, another is donated to a needy person. Drexler owns 10 percent of the J. Crew Group, which is principally owned by TPG Capital and Leonard Green & Partners. With his departure from J. Crew, the 74-year-old Drexler will continue to hold onto his stake and also serve as a strategic adviser to J. Crew’s office of the ceo and the J. Crew Group board. The office of the ceo is running the company and is composed of Michael Nicholson, president and chief operating officer; Adam Brotman, president and chief experience officer; Lynda Markoe, chief administration officer, and Libby Wadle, president of Madewell. The company has been searching for a new ceo since Jim Brett was removed from the

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