This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Could Lauren's Roger Farah Be Apple's Next Big High Fashion Hire?

NEW YORK (TheStreet) -- Apple (AAPL - Get Report) hiring pattern these past 12 months suggests a shifting emphasis on fashion and a eye-appeal away from pocket protectors, hard drives and screen size.

That's not to say that the latter are suddenly unimportant but merely suggesting that the ultra-secretive technology company has something up its sleeve -- perhaps literally, with an iWatch -- that involves a bit more fashionable flair than its typical products. 

Last July Apple hired Paul Deneve, then-CEO of global fashion company Yves Saint Laurent, as a vice president for Apple and would report directly to CEO Tim Cook. His job description is simply for "special projects," which has obviously only fueled speculation about what his purpose actually is at the company.

Deneve wasn't the only head-scratcher hire. As The Saint wrote, "In 2013, Apple hired fitness expert Jay Blahnik, who consulted with Nike  (NKE - Get Report) as Nike developed its popular FuelBand. Then a month later, Apple hired Ben Shaffer, who served as Nike's FuelBand designer. That year, rumors circulated that Apple had as many as 100 people developing the iWatch."

There's still more. In October Apple hired Angela Ahrendts who was the CEO of Burberry.

Clearly, Apple was and likely still is, hellbent on the fashion aspect of whatever product or products it is working on. And that's good, because there's no need to release something as hideous as the Samsung Galaxy Gear. 

>>Read More: Tim Cook Is Doing Just Fine, One 'Incremental' Step at a Time

Perhaps my speculation is completely unwarranted, but it would not surprise me to see Roger Farah, former president and executive vice chairman of Polo Ralph Lauren (RL), go to Apple as well. 

The 61-year-old stepped down as president in 2013, when he became the executive vice president. He will retire this month but remain on the board until August. Farah "is credited with turning the company into a fashion powerhouse" according to The Wall Street Journal.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
AAPL $132.64 0.95%
NKE $104.53 0.12%
FB $81.03 0.68%
GOOG $542.21 -0.06%
TSLA $245.53 -0.04%

Markets

DOW 18,260.04 -25.70 -0.14%
S&P 500 2,130.51 -0.31 -0.01%
NASDAQ 5,101.7740 +10.98 0.22%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs