Huzzah! The end of the velour tracksuit and word-emblazoned behind generation may be upon us! It was announced late yesterday that Nash-Taylor and Pamela Juicy Couture's founders GelaSkaist-Levy have given up their posts. The two highlight-infused, miniskirt-clad moguls have decided to leave the fate of their label in the hands of parent company, Liz Claiborne, who bought the brand in 2003. And though the name Liz Claiborne has hardly been the last word in fashion for quite some time, the Juicy Couture empire is still the most successful label under the umbrella. So why jump ship? For one, the two self-starters have reportedly walked away with about $200 million between the two of them. Not a bad reason to retire. But the questionable news is that neither plan to rest on their laurels and, according to the New York Post, claim to be in talks with a TV show, a book, and even a movie! New York Magazine brings up the well-placed point that the only people seemingly shopping for style tips from the Juicy founders would be the fabulously fast-talking divas on Jersey Shore. Snookie did say recently that she would endorse the likes of Juicy Couture, Bebe and (ugh) Ed Hardy so there you go!
The NYP seems to think the founders abandoned their fledgling label due to a number of store shutterings and cutbacks. Neiman Marcus and Bloomingdale's are reportedly cutting back on floor space for Juicy and the label's sales also dipped 7.8 percent in the third quarter. The two founders are supposedly staying on as "creative consultants" for the label in between their soon to be busy schedule of acting/directing/authoring a best-selling novel. And how have their devoted employees been taking the news? One source laments on the news of the two women leaving by stating, probably tearfully, "The two have since appeared 'fat and happy,' and have been noticeably
out of the office recently, despite
contractual obligations to oversee Juicy Couture's day-to-day
operations." Well, doesn't that just say it all?
See the Top Ten Summer 2016 Trends for Women Over 40