G-III Apparel Group, Ltd. has recently welcomed Victor Herrero as the newest member of its board of directors. With an impressive background as the former CEO of Guess and with more than 12 years of experience in executive positions at Inditex Group, Herrero brings a wealth of knowledge and expertise to the table. Notably, his oversight of the Asia Pacific region for all of Inditex’s brands showcases his global perspective and strategic leadership.
Currently serving as a non-executive director for Coppel, SA, Global Fashion Group, and Clarks, Herrero’s addition to the board has been met with enthusiasm by G-III’s chairman and CEO, Morris Goldfarb. Goldfarb highlighted Herrero’s extensive experience in the apparel and accessory industry across various continents, emphasizing the value of his insights as G-III continues to expand its international presence.
As part of Herrero’s appointment, Allen Sirkin, a current board member, has decided not to seek re-election. With Herrero’s inclusion, the board now consists of 11 members who oversee G-III Apparel Group’s diverse brand portfolio, which includes iconic names like DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld.
In light of G-III’s recent announcement of sales and earnings improvements despite missing analysts’ revenue forecasts for the first quarter of 2020, Herrero’s arrival signals a strategic move towards sustaining growth and relevance in the competitive fashion landscape. His appointment underscores G-III’s commitment to leveraging top-tier talent and experience to drive the company forward.
To learn more about G-III Apparel Group, visit their official website here.
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