I usually don’t do blog posts based on conjecture, and I will warn you right now, that is all this is based on. But if one looks at what is going on at David Yurman, it certainly seems like the company is building toward something, and that just might be an IPO. Look at the evidence:
– In January, it hired Glenn Senk, the then-CEO of Urban Outfitters, to head the company. (He received an ownership stake.)
– Following that, it hired yet more high-priced retail talent, including refugees from LVMH and Anthropologie.
– And finally, just yesterday, it hired Adrianne Shapira, who formerly analyzed retail for Goldman Sachs, as its chief financial officer. Appointing a retail analyst would seem a good way to appeal to other retail analysts.
The company’s PR rep didn’t respond to inquiries from JCK—not even to decline comment.
UPDATE: Here is an item from The Daily, from a year ago, speculating about the same thing.