CYGNE ADDS 3 GROUP EXEC VPS

NEW YORK--In an expansion of management, Cygne Design Group has named three group executive vice presidents. They are Kathy Fahy, who was with The Limited Stores; Richard Kramer, coming from The Leslie Fay Cos., and Martin Richter, until recently president of Faded Glory.
Kramer was president of Leslie Fay's sportswear group and is succeeded there by Cate Bandel, who will oversee the struggling company's Leslie Fay, Nipon Studio and Outlander sportswear labels. Bandel had been president of sales and marketing for the Leslie Fay and Nipon brands. Bandel joined the company in January 1994 from SK & Co., where she was president.
Kramer had been with Leslie Fay since June 1994, joining the firm as president of its former Theo Miles division. Earlier, he was with Liz Claiborne.
Fahy started with The Limited Stores in 1990 and last year was named vice president of tops. Before joining The Limited, she was at Saks Fifth Avenue in various merchandising posts.
Richter joined Faded Glory as president in 1993. Earlier, he was president of the dress division at Liz Claiborne and before that president of the Van Buren buying office.
Details of their new jobs at Cygne Design, a fast-growing private label manufacturer, were not immediately available.
Meanwhile, discussing the switch at Leslie Fay, John J. Pomerantz, chairman and chief executive officer, said in a statement that Bandel will be heading a sportswear group that "has been undergoing a dramatic turnaround in recent months."
However, the executive change at Leslie Fay comes at a time when the company is considering selling its core business, including the sportswear group, as a way out of Chapter 11. Leslie Fay has been in bankruptcy since April 1993, two months after revelation of an accounting scandal rocked the company. The fraud, being investigated by government authorities and the subject of several lawsuits, resulted in an overstatement of earnings by $119 million from 1990 to 1992.
This past week, BDO Seidman, Leslie Fay's accountants at the time of the accounting scandal, charged in court actions that senior executives, including Pomerantz, knew about and orchestrated the fraud. Pomerantz has denied the charges, saying he "knew nothing."

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