OXMAN RESIGNS: Sergio Oxman, co-founder of Miami-based Cosabella, has resigned as vice president of sales for the lingerie company. However, Oxman will play a key role in the future development of the firm as a consultant.
A Cosabella spokeswoman said Oxman was white-water rafting and could not be reached for comment. In a statement, Oxman said he was departing to “spend more time with my wife and to discover new adventures. I will greatly miss my colleagues and the company I helped build. But I plan to remain involved in the company, and I hope my new experiences will provide me with a fresh perspective.”
Oxman created Cosabella in 1983 with partners Ugo and Valeria Campello. They pooled resources — $2,000 — and decided to try fashion lingerie, which they considered to be a relatively unexplored market in the U.S. In 1989, the team’s efforts came to a brief halt when the Cosabella warehouse was destroyed by Hurricane Andrew. Oxman said the building had been “flattened to smithereens. There were thongs flying all over the place.”
Cosabella now generates annual wholesale revenues in excess of $20 million in the U.S., and more than $5 million in Europe, according to industry estimates.
Valeria Campello, president, will take over Oxman’s responsibilities, including sales and department and specialty store business, until a successor is named. The company is interviewing potential successors.
LINGERIE ANGELS: Lady Ester Lingerie Corp. has reached an agreement with Angels Intimates to form a partnership called Lady Ester Intimates LLC. Angels Intimates was created in March by several veterans of the intimate apparel industry. Angels Intimates will be headed by David Clingo, chief executive officer; Rich Burroughs, president; James Donaghy, executive vice president; Jack Roberts, executive vice president of sales, and John Festa, vice president of sales.
“Our first-year [wholesale sales] expectation is to do $12 million to $18 million,” Clingo said.
Bob Sadock, president of Lady Ester Lingerie, said the new alliance will focus primarily on private label product for department stores, specialty chains and mass merchants.
FIGLEAVES TAPS BORISH: Lauren Borish has been named senior buyer of men’s and women’s underwear, women’s lingerie, sleepwear, swimwear and hosiery at Figleaves.com., a U.K-based online retailer of branded intimate apparel.
Borish will oversee U.S. branded products. She had been a buyer of intimate apparel, sleepwear, swimwear and jewelry at Bloomingdale’s Direct for seven years. She reports to Ryan Murray, global buying and merchandising director in the U.K.
UJA RAISES $200,000: The annual awards dinner for the Intimate Apparel Division of UJA-Federation of New York drew 155 guests and raised more than $200,000, said Tom Garson, chairman of the organization’s intimates division.
The gala cocktail and dinner event, staged at The Roosevelt Hotel in Manhattan, honors industry and retail executives for their contributions to the apparel industry and community service. Honoree Lucy Cindric, senior vice president of women’s apparel, accessories and intimate apparel at Wal-Mart Stores, was presented an award by Lisa Waltuch, director of trend, color and design for product development at Wal-Mart.
Art DeCesaro, vice president and general manager of the Vassarette division of VF Corp.’s Vanity Fair unit, received an award from Frank Magrone, a 55-year veteran of the intimate apparel industry.