April 2023

Patti Cazzato has come a good distance from being worker No. 8 at Sam & Libby when the shoe company was in its early stages some 30 years ago. But she is tapping into that have and more as the brand new chief executive of NakedCashmere, a Southern California direct-to-consumer women’s and men’s cashmere line launched seven years ago by husband-and-wife team Bruce and Leslie Gifford. Last 12 months, Luxembourg-based buyout fund Legatus I acquired the cashmere brand’s parent company and began scouting for a CEO. Soon, they heard about Cazzato, who most recently was the top of emerging businesses at Victoria’s Secret. In that job, she negotiated the lingerie company’s $18 million strategic investment last 12 months in Frankies Bikinis, a swimwear...