MONTREAL, Jan. 26, 2018 /CNW/ - LXRandCo, Inc.
("LXRandCo" or the "Company") (TSX: LXR, LXR.WT), an
international omni-channel retailer of branded vintage luxury
handbags and accessories, is pleased to announce the appointment of
Ms. Audrey Lara as Chief Financial
Officer of LXRandCo, Inc. Ms. Lara will officially assume her
duties with the Company on April
1st, 2018.
A French citizen, Ms. Lara brings to LXRandCo more than 15 years
of finance and capital markets experience, with an extensive
background in financial planning and operations, management and
strategy, and a deep knowledge of retail and especially retail
technology. She joins from Paris-based Criteo SA (NASDAQ:CRTO) where she
was Chief Financial Officer for the Europe, Middle
East and Africa (EMEA)
region, overseeing a business with revenues exceeding US$500 million across 12 different subsidiaries.
During her seven years at Criteo SA ("Criteo"), she participated
through varying finance roles and responsibilities in the initial
stages of the company's growth to the company's eventual listing on
the NASDAQ in 2013. Prior to her role at Criteo, Ms. Lara served in
varying roles of increasing responsibility at Deloitte SAS in the
retail vertical of the financial audit department.
"Audrey's experience in retail and especially retail technology
will be very valuable for LXRandCo, as we continue building our
omni-channel brand internationally. With LXRandCo positioned where
traditional retail and technology intersect, Audrey will play a key
role in helping us execute this strategy" said Fred Mannella, Chief Executive Officer of
LXRandCo. "Audrey has a passion for the luxury product category and
understands deeply the importance of experiential retail, we are
very enthusiastic to have her join the team." Added Mr.
Mannella.
"This is a great opportunity for me to further my career with a
company that is reshaping the future of the branded vintage luxury
business and more broadly the retail industry. LXRandCo has a
culture of entrepreneurship, innovation and a will to transform
traditional retail by giving a second life to iconic luxury
products, which is evident in all its people across the
organization. I'm thrilled to join such a talented team and
contribute to the continued success of the Company." Said Ms.
Lara.
Ms. Lara will oversee LXRandCo's finance, accounting and
investor relations areas of the business. She will also be involved
in the strategy formulation and execution aspects of the
omni-channel strategy of the Company.
The company also noted today that Mr. Jeremy Stepak, currently LXRandCo' s Interim
Chief Financial Officer will remain in his current role until the
finalization and approval of the Company's annual filings for 2017,
expected no later than March 31,
2018. The Company and its Board of Directors would like to
extend its sincere thanks for the role Mr. Stepak played in
facilitating both the reverse-takeover of and the subsequent
listing of LXRandCo on the public markets. "Jeremy has deep
knowledge of the capital markets and a passion for our brand.
We wish him the best in his future projects." said Mr.
Mannella.
About LXRandCo
LXRandCo is a rapidly growing, international omni-channel
retailer of branded vintage luxury handbags and other personal
luxury products. LXRandCo sources and authenticates high-quality,
pre-owned products from iconic brands such as Hermès, Louis Vuitton, Gucci and Chanel, among others,
and sells them at attractive prices through: a retail network of
stores located in major department stores in Canada, the United
States and Europe;
wholesale operations primarily in the
United States; and its own e-Commerce website,
www.lxrco.com.
Caution Regarding Forward-Looking Statements
Certain statements in this press release are prospective in
nature and constitute forward-looking information and/or
forward-looking statements within the meaning of applicable
securities laws (collectively, "forward-looking
statements"). Forward-looking statements generally, but not
always, can be identified by the use of forward-looking terminology
such as "outlook", "objective", "may", "could", "would", "will",
"expect", "intend", "estimate", "forecasts", "project", "seek",
"anticipate", "believes", "should", "plans" or "continue", or
similar expressions suggesting future outcomes or events and the
negative of any of these terms. Forward-looking statements in this
news release include, but are not limited to, statements regarding
the Company's intended use of proceeds from the offering and the
expected closing date of the Offering. Forward-looking
statements reflect management's current beliefs, expectations and
assumptions and are based on information currently available to
management, which includes assumptions about management's
historical experience, perception of trends and current business
conditions, expected future developments and other factors which
management considers appropriate. With respect to the
forward-looking statements included in this press release,
management has made certain assumptions with respect to, among
other things, the Company's ability to meet its future objectives
and strategies, the Company's ability to achieve its future
projects and plans and that such projects and plans will proceed as
anticipated. as well as assumptions concerning the satisfaction of
all conditions of closing to the Offering, including receipt of all
necessary regulatory and stock exchange approvals, and the
successful completion of the Offering within the anticipated
timeframe, general economic and market growth rates, currency
exchange and interest rates and competitive intensity.
Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
future circumstances, outcomes or results anticipated or implied by
such forward-looking statements will occur or that plans,
intentions or expectations upon which the forward-looking
statements are based will occur.
All forward-looking statements included in and incorporated into
this press release are qualified by these cautionary statements.
Unless otherwise indicated, the forward-looking statements
contained herein are made as of the date of this press release, and
except as required by applicable law, the Company does not
undertake any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Readers are cautioned that the actual results achieved will vary
from the information provided herein and that such variations may
be material. Consequently, there are no representations by LXRandCo
that actual results achieved will be the same in whole or in part
as those set out in the forward-looking statements.
SOURCE LXRandCo, Inc.