L'Amy America announced several new appointments and internal promotions ahead of the International Vision Expo East fair in New York. They should help keep up the momentum for the U.S.-based company, whose global sales are expected to grow at a double-digit rate this year, reaching a level of more than $40 million on a global basis and continuing to generate strong profits. They already rose by 22 percent last year.
One year ago, in March, L'Amy America and L'Amy SA in France became separate sister firms, both of them owned by the same parent company, the International Luxury Group (ILG), which also markets watches and other accessories on a global scale.
The two companies have their own distinct IT systems, and they manage different brands and licenses on a global basis. In particular, L'Amy America holds eyewear licenses for Canali, Champion, Nicole Miller, Ann Taylor and Sperry. It also has a distribution partnership with Eyewear Designs for New Balance eyewear.
While Stephen Rappoport continues to run the U.S.-based operation as president and chief executive of L'Amy America, Dominique Alba was made CEO of the French-based operation after the split, taking care also of exports and an Italian sales subsidiary. Rappoport has been with the L'Amy group for many years? He took charge of L'Amy America in 1996 and managed all the operations of the group for 18 months before the latest change of ownership three years ago.
While they are run separately, the two companies work closely together strategically on many brand and business initiatives, including the distribution of some of their own collections in their respective territories.
L'Amy America has established a new office in Milan for its new Canali license and other European brands that may join its portfolio in the future. The first employee, an experienced Italian brand and marketing professional, Beatrice Belotti, has just joined the company.
Another new manager at L'Amy America is Phaedra Chernoff, who worked previously with Marchon and Safilo. She has been appointed corporate key accounts manager for the U.S. company. Two long-time managers of L'Amy America, Cheryl Canning and Daniel Shack, have been promoted to the position of vice president - the first one for marketing and luxury lifestyle brand development, and the other one for product and business development.