Interim Bed, Bath and Beyond CEO to stay on in role
Interim chief executive of Bed, Bath and Beyond Sue Gove will retain the role, according to a statement made by the company on Wednesday.
Gove is the founder of a retail consulting and advisory firm, Excelsior Advisors. Before that, she was president and chief executive officer of Golfsmith International Holdings, chief operating officer of Zale Corp, according to CNBC and the organisation’s website.
She replaced Mark Tritton, who was stood down in July this year after net sales tumbled 25 per cent in its first quarter, sending shares down 13 per cent. The organisation has since secured $500 million in financing, and committed to shutting down 150 stores in August as a cost-saving measure, according to Reuters.
“Without question there are challenges around credit limits and things like that, so we work very closely with suppliers to make sure that we are focused on our in-stock position,” Gove said in an interview with the New York Times.
“That is one of the most important measures that we’re identified — making sure that we’re in stock for the holiday season with the products that our customers will be excited about.”
“There is a tremendous amount of work in every aspect of the business. We’re truly in a turnaround mode.”
Estée Lauder Companies appoints new vice president
Bart Dubbeld has been appointed as the new vice president and general manager for travel retail in Southeast Asia.
The channel is owned by Estée Lauder Companies – a beauty brand that sells products in about 150 countries – and is responsible for duty free environments, including airports, airlines, cruises, downtown locations and border shops, according to the ELC website.
According to The Moodie Davitt Report, Dubbeld will be responsible for driving growth and profitability in the region, and will report to ELC senior vice president Karen Housman.
Dubbeld has been with the company since 2013, and has been running the Dr. Jart + skincare brand since 2020.
In this role, he joins the travel retail Asia Pacific leadership team, and will officially begin on 1 October.
Hearts on Fire appoints head of product management in a newly created role
Luxury jewellery brand Hearts on Fire has appointed executive Barbara Ng as head of product management.
Before this role, Ng was president of parent company Chow Tai Fook’s total jewellery solutions department.
She has previously led supply chain and manufacturing operations for a variety of multinational companies in Hong Kong.
Global president of Hearts on Fire, Rita Maltez congratulated Ng, and welcomed her to the executive leadership team.
“With her extensive experience I’m confident she will elevate our global supply-chain to be ever more connected and agile so we can best meet customer needs,” she said.
Ng will lead the brand’s product management department, and will oversee a range of roles including product planning and fulfilment distribution and logistics.
Hearts on Fire diamond Jewellery is available in over 26 countries, and 800 locations.
