NEW YORK — Bert Reifer said that he was leaving as chief executive officer of Anne Pinkerton (U.S.A.) and that he and his partners are no longer financing the three-year-old bridge sportswear company.
Reifer made this disclosure in response to queries about the status of the Pinkerton business.
“There was a difference in opinion on the future growth and direction of the company,” said Reifer, whose partners, he said, are Hong Kong financiers. “Anne herself is in the process of arranging new financing, in order to keep her label in the marketplace.”
Pinkerton, president and designer of the firm, is in Hong Kong, according to Reifer, and was not available for comment. Reifer stated that the company, with a volume of $9 million, is marginally profitable. While delivery of the spring-summer collection has been completed, the fall collection will be shipped only if Pinkerton finds new financing, he added. The Pinkerton office and showroom at 499 Seventh Ave. will remain open at least until June.
Reifer became a principal in the firm in May 1992, after having been a founder and owner of Mary Ann Restivo, which was bought by The Leslie Fay Cos. in 1988 and closed in 1991.
He said he and his partners are continuing to seek new business opportunities here.