DOMURACKI LEAVES KASPER FOR PEGASUS
Byline: Eric Wilson
NEW YORK — Mary Ann Domuracki is leaving her post as executive vice president of finance and administration of Kasper ASL to become chief financial officer of Pegasus Apparel Group.
Domuracki joined Kasper in January 1999 and worked with the company throughout its acquisition of the Anne Klein trademarks last spring. She had previously been a consultant with the financial advisory firm Conway Del Genio Gries & Co. and had held several executive positions at Danskin until March 1998, when she resigned as its president and chief executive officer.
“I’ll really be helping the company in its financing operations, its due diligence about the different companies it might be interested in acquiring and also in establishing internal financial controls and reporting,” Domuracki said Tuesday.
Domuracki will start at Pegasus on Nov. 6 and report to Stephen L. Ruzow, chairman and ceo of Pegasus, which has taken majority stakes in Pamela Dennis, Miguel Adrover, Daryl K, Angela Amiri and Judith Leiber since its inception this year. Ruzow said Domuracki’s assets included her experience with the Anne Klein acquisition at Kasper, as well as her strength in international financial markets, as Pegasus is now looking toward deals with European-based designers.
“Another thing we liked about Mary Ann is she has had a multibrand capacity at Kasper,” Ruzow said. “We are all about brands.”
Domuracki is the first high-level appointment at Pegasus since the departure of Mary Wang, who was president of its Daryl K division and had been working with Ruzow on acquisitions and as a corporate troubleshooter. Wang left Pegasus in September to become president of Coach.
In a separate development, Kasper said on Tuesday that its Anne Klein licensing division had renewed a long-term deal with Takihyo Co. to manufacture and distribute its apparel through February 2005. Takihyo has been the Japanese licensee for the Anne Klein and Anne Klein II trademarks since 1974.
Under the terms of the renewal, Takihyo will restructure its Anne Klein offerings under the corporate strategies that have been implemented in the U.S. since Kasper’s 1999 acquisition of the Anne Klein trademarks.
Takihyo currently sells merchandise under the Anne Klein II label in the Japanese equivalent of the American bridge market and will convert that product to the Anne Klein label for spring retailing. For the fall 2001 season, Takihyo will introduce an Anne Klein 2 collection in Japan as a better-priced brand.
Takihyo also imports and distributes the A Line Anne Klein collection, as well as Anne Klein jewelry and watches under agreements with Anne Klein’s U.S. licensees.
“Takihyo has played an important role in strengthening the Anne Klein label in the Japanese market, and through its efforts, Anne Klein is one of the most recognized American fashion brands in Japan,” said Arthur S. Levine, chairman and chief executive officer of Kasper.
Under the license renewal, Takihyo will continue to have the rights to sublicense the Anne Klein trademarks in Japan for various accessory product categories.