DVF co-chairman Joel Horowitz resigns

Co-chairman of Diane von Furstenberg Studio (DVF), Joel Horowitz has put in his papers. He had joined the company in August 2012; however there has been no official announcement about his exit.

At the time of taking on the new role at DVF, Horowitz had said, “I’ve seen so many opportunities over the past few years, but none have shown as much potential or excited me as much as DVF. Diane and her team have created something incredibly special that consumers all over the world appreciate, and I look forward to working with the management team to further grow the business.”

His career began with Ralph Lauren Corporation, where he served in different roles before joining Murjani International. Later Horowitz moved to Tommy Hilfiger and along with Hilfiger and their partners Lawrence Stroll and Silas Chou formed Tommy Hilfiger Inc. in March 1989. His tenure at the company also saw the completion of its IPO in 1992. His positions at Tommy varied from president and chief operating officer to chief executive officer and executive chairman. He became non-executive chairman in April 2005 before retiring in from the company in the same year.

Industry experts speculated that Horowitz’s appointment at DVF would ultimately lead to the company announcing an IPO. But now that he has made an exit, sources claim that the IPO plan may now be off the company’s radar. In April this year, DVF roped in Paolo Riva as CEO after a two-year search.