Kurz disappears from the helm of seven for all mankind.SEVEN for All Mankind 7 For All Mankind (often referred to simply as Seven or Seven Jeans) is a California-based designer jeans company founded by Michael Glasser, Peter Koral, and Jerome Dahan in 2000. The company is headquartered in Vernon, California. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is all about the perfect fit. And the premium jeans manufacturer seemed to have found one in its chief executive, Andreas Kurz, an apparel industry veteran who had done stints at Polo Ralph Lauren Polo Ralph Lauren (NYSE: RL) is American fashion designer Ralph Lauren's luxury lifestyle company. Polo Ralph Lauren specializes in high-end casual/semi-formal wear for men and women, as well as accessories, fragrance, and housewares. , Diesel and Hugo Boss. Kurz had joined the company after Bear Steams Merchant Banking took a 50 percent stake in Seven. Less than a year later, however, Women's Wear Daily Women's Wear Daily (WWD) is a fashion-industry trade journal sometimes called "the bible of fashion."[1][2] It is the flagship journal of Fairchild Publications, Inc.[3] WWD's publisher is Ralph Erardy, Sr. reports that he's abruptly stepping down. The reasons for Kurz's departure are a mystery. Kirsten Sharett, a spokeswoman for Seven, said in an e-mail, "At the moment we have no comment." Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. Merchant Banking also declined to comment. Seven is no stranger to high-level turmoil. Peter Koral, the company's chairman and president, feuded with former co-owners Jerome Dahan and Michael Glasser over rights to the brand. The legal battle was settled about a year ago, but only after Dahan and Glasser launched rival jeans company Citizens of Humanity Citizens of Humanity is a designer denim manufacturer based in Huntington Park, California, that was founded by the makers of 7 For All Mankind. A portion of all [Citizens of Humanity] sales are donated to Conservation International [Citizens of Humanity at Jeans.com [1]]. . Seven appeared to have put that turmoil behind it when Bear Steams infused the company with $80 million last year, and Kurz was brought on. At the time, Koral, who retains the 50 percent of Seven not controlled by Bear Steams, was positive about the direction the company was headed. "Our engines have started running and Andreas is pushing the accelerator," Koral said in an interview with WWD WWD Women's Wear Daily (newspaper) WWD World Water Day (March 22nd) WWD Wastewater Discharge WWD Westward (weather reports) WWD Cape May, NJ United States . Kurz put forvcard aggressive plans to expand Seven's reach beyond its denim core by diversifying with tops, jackets, shoes, belts and handbags, among other items. The aim was to create a lifestyle brand that would allow Seven to push additional products into its existing store base, which includes upscale department store heavyweights Bloomingdale's Inc., Nordstrom Inc. and Neiman Marcus Group Inc. With the plans in place, Kurz was quoted last April as envisioning double-digit sales growth at Seven in four to five years. Last year, the company racked up an estimated $240 million in sales, up from $90 million in 2003. Staff reporter Rachel Brown can be reached at (323) 549-5225, ext. 224, or by e-mail at rbrown@labusinessjournal.com. |
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