Joe’s Jeans CEO Resigns

Marc Crossman has resigned from his position as chief executive officer of Joe’s Jeans Inc. and will remain a consultant for the Los Angeles–based premium-denim maker, according to a company statement.

Samuel Joseph “Jay” Furrow Jr. was named interim CEO.

“We are thankful for Marc’s leadership and relationship with the company. During Marc’s tenure, the company has undergone several transformations from a private-label craft and accessory business to an internationally recognized premium-denim company,” Furrow said. “We look forward to Marc’s continued involvement and support of the company.”

In 2013, Joe’s Jeans purchased premium-denim brand Hudson for $97.6 million. Hudson founder Peter Kim is a member of the Joe’s Jeans board and remains Hudson’s chief executive.