By  on November 19, 2008

CJ Apparel Group chief executive officer Jeffry Levy is stepping down after helping to return the moderate Caribbean Joe brand to profitability in the two years since Hilco Consumer Capital LLC acquired the New York-based business.

Levy helped broker the January 2007 deal, committing to lead the firm during the turnaround. He will remain until a successor is found, likely by the end of the year, said Jamie Salter, Hilco ceo. He said the company is already in talks with an unidentified candidate.

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