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While this discussion did start off as a chat about online sales by luxury retailers, it is now exclusively a discussion about the Nordstrom space in the Toronto Eaton Centre, and now appears to be veering into a debate about the comparison between Nordstrom and Saks. Given that this is the Holt Renfrew thread, maybe any further discussion could please continue in the Nordtrom or Toronto Eaton Centre threads. Thanks.
 
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The entire concourse level of Holt Renfrew on Bloor was either completely empty or boarded up this morning.
 
The new Holt "Beauty" department has opened on the concourse level of the Holt Renfrew Centre, which is also undergoing a redesign. Only a Chanel boutique has yet to open.
 
Holt Renfrew Appoints New President & CEO

May 20, 2020

Toronto-based large-format luxury multi-brand retailer Holt Renfrew has announced that it has appointed a new President and CEO. Industry veteran Sebastian Picardo will replace Mario Grauso, who has led Holt Renfrew on a path of significant change over his four-year tenure with the company. It comes at a time of stress for retailers following an extended period of store closures as well as shifting consumer sentiment at an unprecedented time.

The new Holt Renfrew President and CEO, Sebastian Picardo, most recently held the position of Deputy President and Chief Operating Officer at Hong Kong-based luxury department store chain Lane Crawford. Over the eight years, Picardo led the company to invest in fashion and technology to further make Lane Crawford a leader in its markets which include operations in China. Before joining Lane Crawford, Picardo held senior leadership positions at Burberry, Net-a-porter, and Alexander McQueen.

 

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