Barneys New York announced today the appointment of Mark Lee to the company as the new CEO. Lee has been in the luxury brand and retail industry for 25 years and has worked at some of today’s top designers.
Mark Lee was the former President and CEO of the Gucci brand from 2004 through 2008. Throughout Lee’s leadership at Gucci, the brand achieved significant brand success and saw a 46% increase in revenue growth. During his final year at Gucci, the brand was even named as the “Most Coveted Luxury Brand In The World” by Nielsen in 2008. Mark has also spent some time working for Yves Saint Laurent as CEO and held top positions at Saks Fifth Avenue, Giorgio Armani and Jil Sander.
Andy Watson, Chairman of Barneys, said: “We are delighted to welcome Mark Lee to the business and look forward to supporting him as he takes the business forward, capitalizing on his wealth of experience in the retail industry. The appointment marks an exciting new era for Barneys as we look to build the brand and maximize its existing strong platform for growth. We continue to believe that Barneys is a great business that is well positioned to make the most of market opportunities.”
Source: Barneys New York