“I really like to find very smart people — which there are many of here — and give them as much responsibility as they want to take,” he said.
Well aware of the tremendous consolidation that has occurred in the luxury business in the last 10 years, Bolen said there are no immediate plans for a buyout or acquisitions. He said he and his predecessor agree there is “a tremendous amount we can do on our own at this point.” But that doesn’t mean something might not make sense down the road.
“I don’t have anything on my mind, but that doesn’t mean something we need to acquire won’t come along tomorrow,” Bolen said.
De la Renta insisted he didn’t promote a yes-man. “We don’t always agree on everything. But it’s important to have someone who challenges you at every step.”