Claire’s licensed bedding a go; Gene Kahn named Claire’s ceo
May 30, 2007,
Pembroke Pines,Fla.– Eugene Kahn, former chairman and ceo of May Department Stores, has joined Claire's Stores as ceo. Claire’s, a 3,000-store retailer of teen and tween fashion accessories, yesterday completed its merger/acquisition by an affiliate of Apollo Management, the firm that also owns Linens ’n Things.
Whisper Soft Mills president Vincent DeRosa told HTT, “ We will ship by the end of July into early August” for the back-to-school launch of the Claire’s Room bedding. Retailers carrying the line will be announced before then.
DeRosa said pieced and appliquéd comforter sets are set to retail at $79.99 twin, with 200-thread-count sheet sets at $29.99. In terms of styles, DeRosa said, “We’ve sold five of the cut-and-sew beds, and several of the pajama print group.”
Peter Copses, a senior partner of Apollo, said of the executive appointment, "Gene Kahn is a proven executive in the retail industry whose leadership skills and background as an effective merchant were the ideal combination we were looking for in a ceo for Claire's.”
Claire's has also announced that Mark Smith has rejoined the company as president and managing director of its European Operations. Smith co-founded one of the predecessors to Claire's U.K. business and successfully led the European operations of Claire's from 1996 to 2002.
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