Karen Katz, former president and CEO of Neiman Marcus Team, has joined the board of Intermix, a fashion apparel retailer based mostly in New York with 29 outlets and an e-commerce small business.
Following 33 several years at Neiman Marcus, the previous eight as CEO, Katz retired from the Dallas retailer in 2018 and stayed on the board for two far more a long time. Amongst her board seats so much, Intermix is the most direct competitor to Neiman Marcus. Katz is also a director at Underneath Armour, The Serious True and Humana Healthcare. She has worked with many startups and non-public organizations as an adviser.
She also chairs the board of the Perot Museum of Nature and Science in Dallas.
“Intermix is nicely-positioned to be an marketplace leader, and I’m looking forward to assistance build the following era of a shopper-targeted, multi-manufacturer fashion retailer,” Katz explained. Intermix experienced a retail store at NorthPark Centre for 10 yrs and closed it in 2016. The store’s tactic to style retailing is to mix established and emerging designer manufacturers on the same rack to give consumers customized looks.
Intermix CEO Jyothi Rao mentioned the retailer can leverage Katz’s “product- and buyer-centric approach” to strengthen its place in the marketplace.
Intermix was owned by Hole Inc. for a several years right until last Might when it was sold to non-public equity firm Altamont Money Partners. Hole acquired Intermix in 2012 but afterwards shifted its concentrate to its major brands, and at the very same time marketed its premium children’s clothing retailer, Janie and Jack.
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