Yesterday, WWD announced Paul Guez has stepped down as CEO of Blue Holdings Group, the parent company of brands such as Antik and Taverniti So Jeans. He leaves the company looking to develop foreign markets such as Japan and Europe with expansion into the footwear, children’s clothing, eyeglasses, and outerwear markets.
Glenn Palmer, a turnaround specialist, has stepped in to help the company reevaluate Blue Holdings Group amid what they say is a "softening denim market." Specifically, Palmer’s looking to reevaluate their distribution plans This is the third change in senior management at Blue Holdings Group in seven months.
We’ll see in the coming months what this means for their umbrella of premium jeans. Keep your eyes on the shelves!