How CFOs Became One of Fashion’s Most In Demand Roles
Kirby Perkins, managing director at Crist Kolder Associates, an executive search firm specializing in the chief financial officer role, can’t recall a busier time at the company. “The market for exceptional finance talent is white hot,” Perkins said. “It started with Covid when companies found themselves in a position where they really needed a top notch finance executive to make it through.” In the past year, 50 fashion companies — LVMH Fashion Group, MatchesFashion and Skims among them — have named new finance chiefs, according to Kirk Palmer and Associates, an executive search firm. This month alone, Allbirds, Stitch Fix and Burberry swapped out their CFOs. Asos has shuffled through two interim CFOs since October. While each situation has its nuances, the frenetic churn reflects some fundamental shifts in the retail business over the last few...
