Joshua Schulman, president of US upscale department store Bergdorf Goodman and of its parent company Neiman Marcus Group’s (NMG) international arm, is to leave the business next month to join a “multinational fashion company”.
WWD reports that Schulman, who has been with Bergdorf Goodman for five years and whose role included the overseeing of NMG-owned, Munich-based luxury etailer Mytheresa.com (acquired by NMG in 2014), will leave on 10 May to join an as yet unnamed global fashion business.
As a result Neiman Marcus’s president and chief merchandising officer Jim Gold will oversee the Bergdorf Goodman team and Mytheresa.com president Michael Kliger will now report to Karen Katz, NMG president and chief executive officer.
The news comes shortly after it was revealed that Neiman Marcus was effectively on the market for sale. The department store group revealed last month that it was exploring strategic options that may lead to a sale of the business, with industry sources touting Canada’s Hudson’s Bay Company, parent of Saks Fifth Avenue, as the most likely purchaser.
Neiman Marcus has more than 40 stores in the US; it was bought in 2013 by Ares Management and the Canada Pension Plan Investment Board.
Before joining Bergdorf Goodman, Schulman was CEO of British luxury brand Jimmy Choo from 2007-2012 where he worked alongside its founder Tamara Mellon. Prior to that he held senior roles at Gap and Yves Saint Laurent.