By  on April 30, 2009

Paul Buxbaum, the new chief executive officer of Haggar Corp., has spent a career repairing or liquidating damaged apparel firms. So when he was named chief executive of the casual pants brand in March, it led to rampant speculation as to the company’s health.

As principal of the Buxbaum Group, his background included the overhaul of then-faltering juniors’ brand Rampage in 2005 and its acquisition by Iconix Brand Group Inc. The same year, he facilitated the sale of a 50 percent stake in Seven For All Mankind to Bear Stearns. This track record, while respected, also prompted questions about his intentions for his new ward.

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