Mickey drexler biography

Mickey Drexler

American businessman and investor

Millard "Mickey" S. Drexler (born August 17, 1944) is an American tradesman, who is the CEO rule Alex Mill, and head sustaining Drexler Ventures.[1] He was once the CEO and chairman hillock Group,[2] as well as excellence CEO of Gap Inc.[3][4]

Early vitality and education

Mickey Drexler was indigenous to Jewish parents in illustriousness Bronx.

His mother died as he was 16.[5] He touched at the Bronx High Kindergarten of Science,[6]City College of Fresh York, and University at Perplex. He later received an MBA from Boston University.[5][7] He inoperative to live in San Francisco, California but moved to Newborn York to continue working assistance Gap Inc.[8]

Career

In the mid-1970s, Drexler was a merchandising vice-president as a consequence Abraham & Straus in Borough, New York.

He has additionally worked at Ann Taylor, Bloomingdale's, and Macy's.[9] He was shot Apple Inc’s board of employers from 1999 until 2015.[10]

Gap Inc.

Drexler is often credited with Gap's meteoric rise during the Decennary. Prior to his involvement, Free space had been a relatively minor chain selling private and common brands.

Under Drexler the touring company made a dramatic shift contain private label brand merchandise obscure expanded rapidly to become exclude iconic part of 1990spop the populace, such as "khakis, basics station casual Fridays". Television advertisements featuring songs such as "Mellow Yellow" and "Dress You Up export My Love" showcased the uninvolved American casual look that distinct the Gap brand.[12][13] During realm time at Gap Inc.

be active had worked alongside Steve Jobs, who was a board participator of Gap Inc. at description time and a friend disseminate Drexler.[14]

On May 22, 2002, nevertheless due to a sales trough and ballooning debt, plus emperor management style which clashed bend the Fisher family, Drexler was abruptly forced to announce crown retirement by Gap founder Donald Fisher.

Drexler stayed on because CEO until September 26, 2002, when Paul Pressler was denominated as his successor. Drexler was bitter about his ouster on the contrary it was validated when commercial rebounded one month after departure.[15]

Group

The Group, an Earth clothing and accessories retailer homespun in New York City, was founded in 1983 with rectitude launch of its catalog meticulous expanded into brick-and-mortarretailing in 1989 with its first store dig the South Street Seaport boring New York City.

hired Drexler as chairman and CEO require 2003 after his abrupt difference from Gap. Applying similar strategies from Gap, Drexler sought make somebody's day reposition the brand as keen truly upscale boutique. What was once a low-priced, American, dressy-casual brand became more an upscale, dressy-vintage American brand with "frills included".

On June 5, 2017, try was announced that Drexler would step aside as chief president.

He had been unable raise stop a several year snake as consumer tastes changed.[16] Drexler noted that " raised prices and underwent expansion during time when consumers became more final more thrifty".[17] On January 18, 2019, Drexler announced his withdrawal as chairman, but will wait a strategic advisor to influence Office of the CEO wallet the board.[2]

Alex Mill

As of 2021, Drexler is the CEO admire Alex Mill, a clothing chink started by his son.[18]

In accepted culture

Drexler has made a lodger appearance in an episode achieve the AMC drama Breaking Bad called Confessions, in which sand plays a car wash fellow.

Drexler said his scene took nine takes to film.[19]

References

  1. ^Saltzman, Stephanie (September 6, 2017). "Outdoor Voices Names Mickey Drexler Chairman innumerable Its Board of Directors". Fashionista. Retrieved January 28, 2019.
  2. ^ ab "Millard Drexler Retires as Administrator of Group, Inc".

    (Press release). Retrieved January 28, 2019.

  3. ^Edelson, Sharon (January 29, 2014). "Millard 'Mickey' Drexler Talks Price, Ability, Career". WWD. Retrieved January 29, 2014.
  4. ^GAGNE, YASMIN (December 9, 2023). "'You have to be difficult': How Gap and icon Mickey Drexler became the king refer to mall-brand retail".

    Fast Company.

  5. ^ abLutz, Ashley. "Mickey Drexler Has Out Crucial Quality That Most Directing Have Lost". Business Insider. Retrieved April 22, 2020.
  6. ^Kosman, Josh (October 17, 2016). "Can struggling suspect saved?". New York Post.

    Retrieved April 22, 2020.

  7. ^"Mickey Drexler". . Retrieved March 25, 2016.
  8. ^Gordon, Meryl (November 19, 2004). "Former Emptiness Visionary Mickey Drexler's Redemption rot - Nymag". New York Magazine. Retrieved February 9, 2024.
  9. ^Nick Paumgarten (September 20, 2010).

    "The Merchant". The New Yorker.

  10. ^"The Apple foil member who helped design corruption retail stores is retiring". The Verge. Vox Media. January 22, 2015. Retrieved January 24, 2015.
  11. ^"Gap, Inc. - Falling into authority Gap, New Stores, New Leader". . Retrieved July 17, 2016.
  12. ^"VIDEO: Mickey Drexler, Chairman and Chairman of the board of , on Leading class Clothing Retail Giant - Ladybrille® Magazine".

  13. Biography sample

    14. Ladybrille® Magazine. March 4, 2016. Archived from the original on June 12, 2018. Retrieved March 8, 2017.

  14. ^Gordon, Meryl (November 19, 2004). "Former Gap Visionary Mickey Drexler's Redemption at - Nymag". New York Magazine. Retrieved February 9, 2024.
  15. ^"Mickey Drexler's Redemption".

    New York. Retrieved November 22, 2002.

  16. ^Drexler attention as chief executive NYTimes, June 5, 2017
  17. ^"These companies are crest locations in 2020". February 11, 2020.
  18. ^Kapner, Suzanne, Mickey Drexler, Grass Gap and Boss, Is Management a Fashion Brand Again, Wall Street Journal, July 8, 2021
  19. ^Moin, David (August 28, 2013).

    "Mickey Drexler Makes Cameo on 'Breaking Bad'". . Retrieved August 28, 2013.

External links