NEW TITLES AT BERGDORF: Bergdorf Goodman has promoted four of its staffers. Susan Palumbo, who was previously divisional merchandise manager of footwear, adds the title of vice president. David Asher, the dmm of fourth floor better apparel, will now add sixth-floor sportswear to his responsibilities. Deborah Soss was named dmm of second-floor better apparel, lingerie, and third-floor American designer collections. She was previously the associate dmm of those categories. Finally, Tracy Margolies was promoted to associate dmm “on five” from senior buyer.
This story first appeared in the August 21, 2002 issue of WWD. Subscribe Today.
PRICEY ART: L’Oréal USA has acquired Artec Systems Group, a Port Washington, N.Y.-based hair care company. Terms were not disclosed. Founded in 1990 by Leland Hirsch and Michael Mazzei, Artec makes and markets hair care and hair color products for salons, including the Textureline, Purehair, Kiwi, Enamels and Spaline brands. Artec, which last year generated $38 million in sales, joins L’Oréal USA, a $3 billion company, which makes the Redken, Matrix and L’Oréal Professionnel salon brands. L’Oréal USA is a wholly owned subsidiary of the $12 billion beauty giant L’Oréal Group.
BUCKS FOR BURANI: Mariella Burani has a new investor. Banca Popolare di Lodi has bought a 2 percent stake in the company as a “financial operation,” according to a spokesman for the regional bank based in northern Italy. Mariella Burani, which went public in 2000, owns Mila Schön and produces Stephen Fairchild’s line through a 50-50 joint venture. Fairchild, meanwhile, has hired New York-based agent Enrico Libanito to spearhead distribution in the U.S., marking the first time that collection will be sold in America.
TSA’S NEW AUTHORITY: The Sports Authority said Tuesday that James Tener, executive vice president and chief operating officer, left the company to pursue other interests. Marty Hanaka, chairman and chief executive officer; Elliott Kerbis, president, and George Mihalko, vice chairman will share operational oversight, while the sporting goods and apparel chain conduct a search for a successor.