Neiman Marcus Names Ralph Lauren Exec To Be CEO

NEW YORK (AP) — Luxury retailer Neiman Marcus Group is naming a Ralph Lauren executive to succeed its CEO and President Karen Katz, who is retiring.
The Dallas-based retailer, which has been looking to cut its debt from leveraged buyouts, says that Geoffroy van Raemdonck will officially start Feb. 12. Katz will continue to serve on the company’s board of directors and will work closely with van Raemdonck to facilitate the transition. Katz has been with the company for 30 years, inclu