Holt Renfrew Names New President

Mario Grauso, the current president of Joe Fresh (Toronto), will become Holt Renfrew’s (Toronto) new president this September. Mark Derbyshire is stepping down as president of Holts after seven years.

“There are few senior leaders of Mario’s pedigree and proven track record of success in the luxury retail space, and we are delighted that he will bring his extensive experience to the leadership of Holt Renfrew,” Galen Weston, chairman and owner of Holt Renfrew, said in a statement.

Grauso has previously worked at Vera Wang, Céline, Calvin Klein and Giorgio Armani, reports the Financial Post. He’s credited with a successful expansion of Joe Fresh into the Middle East, Mexico and the Philippines.