NEW YORK -- In the latest reshuffling at Alfin Inc., Lawrence Pesin has resigned as president and chief executive officer.
He left the company, a fragrance and cosmetics distributor based in Norwood, N.J., for "personal reasons," according to Mayer D. Moyal, chairman. Moyal has assumed the chief executive officer post until Pesin's successor is named.
Pesin couldn't be reached for comment. He joined Alfin in May, following the resignation in April of chairman and ceo Stanley Kohlenberg, who had joined the company in January.
When Pesin was named ceo, Saul Resnick was named chairman.
Moyal joined the firm in September as the successor to Resnick, who then returned to his post at Pierre Balmain International, which is owned by Erich Fayer, the majority owner of Alfin.
Despite the executive shuffle, Alfin reported a profit of $11,133 in the first quarter of fiscal 1994 ended Oct. 31, boosted by a decrease in overhead, the company said. Alfin had a loss of $540,611 a year earlier.
"We have had some good news lately," said Moyal. "We are launching the Burberrys fragrances next month, so we hope we can have a good second quarter as well."
@juicebeauty, where @gwynethpaltrow holds the title of creative director of makeup, has become one of the foremost labels in the organic beauty category –– with sales on track to hit $100 million this year. What’s behind the rapid growth the brand is experiencing right now? It all started in 2005 when the wellness movement was just getting started. Read more on WWD.com. #wwdbeauty
Stay up to do date with breaking news and trending stories with WWD’s “The Essentialist.” Our newsletter delivers the top news in fashion right to your inbox. Want more info? Link in bio. #wwdfashion (📷: @kukukuba)
"I want to tell a story that inspires people to feel good about themselves, but also I'm making a commentary about the lack of female stories and female directors and saying this should change," said @imheathergraham on her latest project "Half Magic." The comedy feature, which the actress wrote and directed, is based on her own struggles as a woman in show business. Read @andrewnodell's full interview with Graham on WWD.com. #wwdeye (📷: @jgreenery)
@meltcosmetics cofounders @lora_arellano and @danabomar built their brand on a single idea: a true matte lipstick. To set the brand apart, they said they always put their customers first –– including a personalized note in each package. #wwdsummits #wwdbeauty
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.