CFO ON THE GO: James R. Cannataro has resigned as chief financial officer of The Spiegel Group to take a similar position with an unidentified firm in another industry. The Downers Grove, Ill.-based apparel and furnishings direct merchant and owner of Eddie Bauer said it is conducting a search to find a replacement. Cannataro, who joined the company in 1984, will finalize his new duties on Feb. 12.
This story first appeared in the February 6, 2003 issue of WWD. Subscribe Today.
A FEMME BY ANY OTHER NAME: Apparel and accessories trade show Femme has a new name: Industry 212. Marilyn Harrington, general manager at Advanstar’s East Coast Fashion Group, which produces the show, said: “What was Femme? Was it [pronounced] ‘Fem-me’ or some said ‘Fame?’ It was confusing. So we decided Industry 212 made more sense because this is a show about New York.” The first show under the new name will take place May 4-6 at its usual locale — the Jacob K. Javits Convention Center in Manhattan.
BEAUTY AID: Revlon Inc. chairman Ronald Perelman’s offer of a bailout of Revlon’s finances has been approved by the company. Essentially confirming details of a plan announced in December, Perelman’s holding company, MacAndrew & Forbes, has agreed to lend Revlon $100 million and provide a line of credit of between $40 million and $65 million. Revlon on Wednesday registered an offering to distribute rights to purchase up to 21.7 million shares of its Class A common stock and said it expects to realize proceeds of about $50 million to help right the troubled company.