HSN CEO Mindy Grossman had a chance to become the head of J.C. Penney Co., but couldn’t come to terms with the troubled brick-and-mortar retailer, The Wall Street Journal reported Monday.
The headline on the story was “Penney CEO Search Drags On: Board Works Through Small Slate After HSN’s Mindy Grossman Turns Down Job.”
The Journal reported that Grossman had “advanced” talks to take the Penney job, but that those chats broke down “after both sides couldn’t agree on terms.”
As for Grossman, The Journal was very flattering to her. It said that Grossman, a former Nike executive, was “seen as a rising star.” In 2012, Grossman was approached by Avon Products about becoming its CEO, The Journal reported.
The financial paper also said that Grossman “is credited with crafting a more upscale image for the Home Shopping Network.” It’s HSN, dummies!