SOMETHING BREWING AT WACOAL: Barbara Lipton, a Saks Fifth Avenue executive, will become vice president of merchandising and design for the licensed Donna Karan division of Wacoal America, on June 24, WWD has learned.Lipton will be responsible for merchandising and design for the Donna Karan Intimates and DKNY Underwear lines. She succeeds Norma Flanagan, who left the company this spring.Lipton has been vice president and divisional merchandising manager of intimate apparel and hosiery at Saks since 1998, and has been vice president and dmm of fashion jewelry since 2000.Lipton will report to Richard C. Murray, president of Wacoal America.

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