Ron Herman (owner of Fred Segal) has partnered with Mickey Drexler (CEO of J. Crew)Unusual fit?
J.Crew will now have a section in Fred Segal on Melrose Avenue. They are calling it J.Crew Special Selections and it will carry items specially selected by Herman himself.
Fascinating but the 2 players have been in retail for 30+years - they are obviously not new to the game. Herman is quoted as saying "Some people will come in and wonder "Is it OK if I buy J.Crew?' Damn right it is, they are the best at what they do, this selection is evidence at that".
I think this is wonderful news - FOR BOTH!
Ron Herman is 100% not the owner of Fred Segal.
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