ESCADA MOVE: Escada (USA) Inc. promoted its director of wholesale sales, Kimberly Robbins Jetnil, to vice president of wholesale. Janet Adams previously held that post, but left the firm two years ago. Jetnil will oversee wholesale sales for Escada apparel and accessories for the German company’s several design divisions, including Escada Collection and Escada Sport. She joined Escada in 2000 as a national account sales executive. Jetnil continues to report to Lawrence C. DeParis, president and chief operating officer of Escada (USA) in New York.
DELAY AT SAKS: Saks Inc. said in a filing with the Securities and Exchange Commission on Friday that it will delay its first-quarter report for the period ended April 30 beyond the extended deadline of June 14. The quarterly report, or Form 10-Q, is expected by Sept. 1, the same time that the Birmingham, Ala.-based firm said it will file its annual report. Two weeks ago, Saks announced that its audit committee was adding another inquiry in connection with payments from vendors at its Saks Fifth Avenue division.
MINI TENDER OFFER: St. John Knits International on Friday disclosed that Saddlehorn Partners has made an unsolicited offer to St. John stockholders to acquire up to 48,000 shares of St. John’s common stock, or less than 1 percent of St. John’s outstanding common stock, at about $28.25 a share. St. John’s majority shareholder, Vestar/Gray Investors, owns 92 percent of the outstanding common shares, and has advised St. John that it does not intend to tender any of its shares. St. John has 10 business days from the start of the Saddlehorn offer to state its position regarding the offer to its stockholders.