The Daniel Kulle period at Forever 21 has come to an finish.
Kulle spent 25 years with H&Mbefore being lured by the fast-fashion retailer’s new homeowners to develop into chief government officer at Forever 21 in February 2020. However in response to an e-mail he despatched Tuesday night time to his contacts, Kulle mentioned he had resigned his submit two weeks in the past and will probably be “taking a while off to seek out out my subsequent transfer.”
Simon Property Group along with Genuine Manufacturers Group and Brookfield Property Companions purchased Endlessly 21 out of chapter for $81.1 million not together with one other $73 million for the products already purchased and different prices. It’s a part of SPARC, which owns Brooks Brothers and different manufacturers. David Simon, CEO of the mall developer, approached Kulle about taking the highest job on the Los Angeles-based fast-fashion retailer proper earlier than the pandemic.
At H&M, Kulle had been serving as strategic adviser to former H&M Group ceo Karl-Johan Persson and was a part of a steering group for 3 new digital start-ups throughout the H&M Group when he joined Endlessly 21. It was his digital expertise that was most interesting to Endlessly 21’s new homeowners.
Neither SPARC nor Kulle may instantly be reached for remark.
https://wwd.com/business-news/retail/daniel-kulle-resigns-top-spot-at-forever-1234979664/ | Daniel Kulle Resigns Prime Spot at Endlessly 21 – WWD