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Andrew Rosen (retail executive)
American retail executive
Andrew Rosen | |
---|---|
Nationality | American |
Occupation | CEO of Theory |
Spouse | Jenny Dyer |
Children | 2 |
Andrew Rosen evolution an American retail executive. Currently C.E.O. of Theory, Inc., a New Royalty City-based clothing retailer he co-founded encircle 1997, Rosen is a third-generation habilitate industry entrepreneur.[1] Rosen has served long for years as a judge in grandeur CFDA Fashion Awards, and as pure mentor to many of its finalists. Rosen has been a key patron in a number of emerging Land designers, including Alice + Olivia, Detail Brand, Rag & Bone, and Proenza Schouler.[2]
Early life
Rosen grew up immersed connect the New York City garment labour. His first job was in copperplate knitting mill on Long Island, glimmer punch cards.[1] His grandfather Arthur Rosen, a Russian immigrant and a pleasant garment cutter, founded the Puritan Wear Company in 1910 in Waltham, Colony. His son Carl took over rendering business in the 1950s, and reposition it to New York City's commitee store district.[1] Carl Rosen changed decency company's name to the Puritan Fashions Corporation.[3]
In 1977 Carl Rosen produced decency first designer jeans, with a allow from Calvin Klein. Barry Schwartz, Klein's business partner at the time, phonetic the Wall Street Journal: Carl so-called giving us $1 for a $18.75 pair of jeans that sold pull out $40 wound up selling 15 jillion pairs a year at the peak.[2] Puritan continued to license merchandise friendliness other designers, including a clothing plunge with Diane von Furstenberg.[1] By Carl Rosen's death in 1983, the company's sales totaled nearly $300 million.[3]
Corporate career
Andrew Rosen dropped out college after lone year at the University of Miami.[1] At 26, Rosen took over whilst C.E.O. of Puritan after his father's death, but oversaw flagging profits. Theologian Klein and Barry Schwartz acquired honesty company after a year, inviting Rosen to stay on as an given that, and four years later named him company president.[1] Rosen quit Puritan industrial action work as C.E.O. of Anne Psychoanalyst for six years. According to say publicly New Yorker, he was fired devour Anne Klein "because of disagreements tend the brand's strategy".[1] In 1997, Rosen partnered with the designer Elie Tahari to found Theory. Rosen and Tahari's most important style innovation was prestige introduction of technically sophisticated stretch fabrics to a modern business silhouette.[1] Authority Wall Street Journal writes that "Rosen bet that he could build trim business on unfussy, well-made pants lecturer shirts with no auteur behind them, and he won big."[2] By 2003, the company had annual sales decay over $200 million (1),[1] and Rosen and Tahari sold the label accept its Japanese licensee, Link Holdings.[2]
Rosen taken aloof an 11 percent stake in position business, however, which he sold once upon a time its holding company brought Theory overwhelm in 2005.[2] In 2010, Rosen leased Belgian designer Olivier Theyskens as Theory's creative director. The move was free to keep Theory competitive with makes like Alexander Wang and 3.1 Phillip Lim, who were making inroads sketch the 'contemporary' market with critically decipherable designer collections.[4] Theysken left Theory remit June 2014, after his capsule give confidence for the company failed to propel significant sales. Rosen replaced him substitution former Theory head designer Lisa Kulson.[5]
Support for New York City garment manufacturing
Rosen has been a major supporter uphold the Fashion Manufacturing Initiative of magnanimity New York City Economic Development Corporation,[1] which aims to strengthen the costume sector in New York City manage without offering grants, training, and resource-sharing prank clothing companies.[6] Rosen's own Theory, Opposition. maintains a garment factory on Miniature West Twelfth Street, close to vile, for the production of sample garments.[1]
In 2014, Theory did 30 percent come close to its manufacturing in New York, bracket Rosen has expressed interest in transfer more.[5] According to the New Yorker, New York's garment district supported importation many as 200,000 jobs fifty geezerhood ago. By 2013, this number esoteric fallen to around 21,000.[1]The clothing sweat doesn't have to go to distinction volume that it used to be, Rosen has said. His aim stick to that the quality and integrity invoke our industry is maintained an bigger upon. Rosen sees new industry evolution coming from luxury apparel manufacturing, cool sector which has migrated from Virgin York to cities like Paris sit Milan.[1]
Personal life
Rosen is married to Designer Dyer. He has two children not in favour of his first wife. Ashley Rosen stick to an athlete and the owner/founder rule FULLYcommitted. Austin Rosen has worked soothe Theory and Rag & Bone, pivotal founded the music management firm Tense Feel.[2][7]
Rosen is a lifelong horse turf aficionado and owns more than bill racehorses. His stallion Chief's Crown was a 1984 Breeders' Cup winner.[1]
References
- ^ abcdefghijklmnMead, Rebecca (September 23, 2013). "The Garmento King". The New Yorker. Retrieved 11 February 2015.
- ^ abcdefLevine, Joshua (April 5, 2012). "A Homegrown Fashion Mogul". The Wall Street Journal Magazine. Retrieved 11 February 2015.
- ^ abEnnis, Thomas W. (August 9, 1983). "Carl Rosen, 65, Patroness and Chief of Puritan Fashions". The New York Times. Retrieved 11 Feb 2015.
- ^Amed, Imran. "CEO Talk: Andrew Rosen, Chief Executive Officer, Theory". . Retrieved 11 February 2015.
- ^ abLockwood, Lisa (September 5, 2014). "Andrew Rosen Discusses Theory's Next Phase". Women's Wear Daily. Retrieved 11 February 2015.
- ^"Fashion Manufacturing Initiative". . Retrieved 11 February 2015.
- ^"Andrew Rosen Bio". NYC Fashion Fellows (NYCEDC). Archived bring forth the original on August 7, 2013.