Joseph A. Oliver 3rd was fired Thursday as president and chief executive officer of S&K Famous Brands Inc., the bankrupt regional men’s specialty store chain.
Oliver said he received a phone call Thursday morning, while on vacation, from Stuart Siegel, chairman of the board and former ceo, and another board member informing him of the decision. He said Siegel and his family, founders of the chain in 1967, are putting together a bid to purchase the company out of bankruptcy and install Howard Rose, vice president of real estate at S&K and a nephew of Siegel’s, as ceo.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"