CLAIRE’S CASH-OUT: Claire’s Stores Inc. chief financial officer Ira Kaplan sold his 133,425-share stake in the company last week, according to filings released Friday by the Securities and Exchange Commission. On Monday, Kaplan sold 70,000 shares for $25.08 each and on Tuesday he sold 63,425 shares for $25.07 each for total proceeds of $3.35 million. Reached for comment, Claire’s said Kaplan, who has not sold any of his Claire’s stock in 10 years, maintains 93,000 shares in stock options, and sold his shares in order to pay back a company loan and to diversify his portfolio. Kaplan now owns no shares of the company’s common stock.

FAY’S NEW FACE: The Leslie Fay Co. Inc. has appointed Gwen Gepfert chief financial officer, effective Jan. 1, when current cfo Warren Wishart will step down. Gepfert will serve on the executive committee and will report to chief executive officer W. John Short. Gepfert was most recently cfo for Polo Ralph Lauren’s U.S. wholesale and licensing businesses with responsibility for finance and operations. "Gwen brings to The Leslie Fay Co. Inc. a strong and diverse background in finance, operations and licensing, making her a perfect match and a great addition to the skill set of our management team," said Short in a statement. Prior to joining Polo, Gepfert served as cfo at Kasper ASL Ltd.

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