WWD.com/fashion-news/ready-to-wear-sportswear/in-brief-coming-back-home-casey-taking-helm-at-carter-s-1553832/
government-trade
government-trade

In Brief: Coming Back Home… Casey Taking Helm At Carter’s

Azzaro, best known for its eveningwear, on Wednesday said it had terminated a licensing agreement with Decitex Corp.

- COMING BACK HOME: Azzaro, best known for its eveningwear, on Wednesday said it had terminated a licensing agreement with Decitex Corp. and was moving management of its ready-to-wear production in-house. The French company, which was purchased by Andorra-based Reig Capital in 2006, said the move would allow it to grow its collections and launch new products. Nathalie Fransen, Azzaro chief executive officer, said the company was also developing new partnerships in Russia and the Middle East. Azzaro said it now would collaborate with French firms Grandis and Maille Creation to make its clothes.

- CASEY TAKING HELM AT CARTER’S: Michael Casey, executive vice president and chief financial officer of Carter’s Inc., will succeed Frederick Rowan 2nd as chief executive officer when Rowan retires on Aug. 1. Casey joined Carter’s as vice president of finance in 1993 and assumed his current title in 2003. Rowan, who also will relinquish his seat on the firm’s board, was president and ceo of VF Corp.’s Lee and Bassett-Walker divisions, and was a corporate group vice president of the parent company before joining Carter’s as president and ceo in 1992. He became chairman in 1996. Highlights of his tenure include the acquisition of rival children’s wear firm OshKosh B’Gosh in 2005 and diversification into the mass channel and global sourcing. The company, which had 2007 revenues of $1.41 billion, has initiated a search for a new cfo.