Saks Off 5th, which recently separated its point-com and stores activities into separate companies, has appointed two new HR managers.
Saksoff5th.com has appointed Maggie Gregg Chief Human Resources Officer and member of the Company’s Executive Committee, reporting directly to Paige Thomas, President and CEO.
Additionally, the Saks Off 5th store company known as O5 has appointed Abby Duran HR Director, reporting directly to Rob Brooks, President of O5. Duran will be a member of the O5 executive committee.
“As separate business entities, the two have distinct associate needs that require dedicated HR support to ensure the best culture and offerings in the workplace,” Off 5th said in a statement Thursday.
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Saks Off 5th, a low-cost luxury retailer, split its e-commerce and store business into separate companies last June, envisioning growth especially on the dot-com side. Parent company Hudson’s Bay Co. has partnered with investor Insight Partners for the separation, with Insight investing $ 200 million in Saks Off 5th, valuing it at around $ 1 billion and highlighting the potential value of the deals. digital products from a number of fashion retailers. .
The Saks Off 5th split mirrored last March’s remake of HBC’s regular-priced Saks Fifth Avenue business into separate point-com and store companies. Insight injected $ 500 million into saks.com for a valuation of $ 2 billion. HBC, according to sources, would like to undertake initial public offerings of saks.com and saksoff5th.com.
The hiring of new HR managers reflects the need to intensify the search for additional talent to further develop companies and make them public.
Brooks previously oversaw human resources before creating separate business units for stores and e-commerce companies.
Gregg comes to saksoff5th.com from The Estée Lauder Cos. Inc., where she has spent the past eight years in human resources, most recently as vice president, global human resources business partner supporting finance and strategy, new business development, diversity and others. functions across business. “She has extensive experience leading cross-functional and international teams and supporting and sustaining growing businesses,” Off 5th said in its statement. Prior to The Estée Lauder Cos., Gregg held key human resources roles at Apple Inc. and previously at Ann Taylor.
“I firmly believe that there is no field more important than our people and we are committed to investing and attracting the talent we need to move the business forward,” said Thomas, adding that he is “essential that we continue to build an engaged company, a collaborative and inclusive culture for our associates, and I have no doubts that Maggie is the right leader to take our human resources strategy to the next level.”
“Saksoff5th.com has a unique opportunity to strategically leverage its start-up mindset to define a strong and cohesive culture that reinforces talent as a top priority,” said Gregg.
Duran has spent most of her 20-plus-year career at L’Oréal, where she held various human resources management positions, most recently as Vice President of Human Resources, Luxury Division-International Designer Collections. Previously, she led Human Resources for the SalonCentrics division, the company’s distribution arm for professional products such as Redken, Matrix and more. In this role, she oversaw the human resources and talent strategy for approximately 4,000 employees, including a head office, six distribution centers, 575 beauty stores and a field sales organization of over 600. Previously, she held HR positions at the United States Tennis Association and Warner Media, and is an Executive Coach accredited by the International Coaching Federation.
“With over 100 Saks Off 5th locations in North America, it was imperative that we identify a seasoned HR manager with extensive field experience to fully support our in-store team,” said Brooks.
Duran added, “My goal at Saks Off 5th is to create an inclusive employee-centric culture where associates feel valued for their contributions and take pride in improving the customer experience every day.