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Restoration Hardware co-ceo moving on

Corte Madera, Calif. - RH co-ceo

Carlos AlberiniCarlos Alberini
will exit the retailer next month to lead an apparel company in the process of being acquired by private-equity firm Leonard Green & Partners.

Alberini will become chairman and ceo of denim specialist Lucky Brand. His tenure at RH ends effective Jan. 31.

RH chairman and ceo-ceo Gary Friedman will oversee Alberini's duties in the interim. Speaking during RH's third quarter conference call yesterday afternoon, Friedman said although he was saddened by Alberini's departure, "it is truly a lucky day for everyone associated with Lucky Brand."

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