Arnold Brant Silverstone and Oxford Industries are parting ways.
On Monday, Silverstone, president and designer of the Arnold Brant label, resigned his position and will leave the company later this month after a short transition period.
In a telephone interview with DNR Monday afternoon, Silverstone and James F. Tuman 3rd, president of the Lanier Clothes division of Oxford Industries, which oversees the Arnold Brant label, stressed that the departure was amicable.
“Two years ago, we bought the Arnold Brant business and we’re happy with the way things have transpired,” Tuman said. “We’ve accomplished a lot of what we had hoped and Arnie was an integral part of the success. And we’re committed to the brand going forward.”
He stressed that the label has a “good team in place,” in terms of sales, marketing and design, which gives the label “a good basis for a solid business. We just won’t have Arnie as a spokesperson anymore.”
Silverstone will retain an undetermined interest in the business and will be available for “support and guidance” in the future if needed, the two stressed.
“I’m very proud of the brand that I started 10 years ago; it’s been an incredible ride,” Silverstone said. “I’m going to take a little time off. I want to spend time with my family in Canada and then I’ll decide what I want to do.”
He said he intends to stay active in the business in some way.
“This is just another phase in life,” Tuman said. “There’s no animosity. It just happened.” Silverstone said he is leaving with the “utmost respect for [Oxford CEO J. Hicks Lanier] and Jim Tuman. I’m just taking a different route.”
Oxford bought SFI Apparel, Silverstone’s for an undisclosed amount at the end of 2005. The purchase immediately gave Oxford a foothold into the upper-end of the clothing business.