(Reuters) - Canadian retailer Hudson’s Bay has lured a top executive from Hong Kong-based Lane Crawford to run its centuries-old department-store business, New York Post said.
Citing sources, the paper said Canadian Bonnie Brooks had left the Chinese luxury chain to become president and chief executive at The Bay.
The appointment follows Hudson’s Bay’s buyout last month by U.S.-based private equity fund NRDC, which plans to convert a small number of Bay stores to its Lord & Taylor brand, and install jewelry boutiques at Bay stores under the Fortunoff brand it bought out of bankruptcy this spring, the paper said.
Brooks will report to Jeffrey Sherman, a former Polo Ralph Lauren executive who was named CEO of Hudson’s Bay last month, the paper said.
Both Hudson’s Bay and Lane Crawford could not be immediately reached for a comment.
In addition to The Bay, Hudson’s Bay operates the Zellers, Home Outfitters and Fields chains.
Reporting by Purwa Naveen Raman in Bangalore; editing by Sue Thomas