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JAY MARGOLIS JOINS PEPE USA AS CHAIRMAN AND CEO

 NEW YORK, July 22 /PRNewswire/ -- Pepe USA announced today that Jay Margolis, former vice chairman of Liz Claiborne, is joining the company as chairman and chief executive officer. Mr. Margolis is a 20-year veteran of the apparel industry.
 "I am delighted at this stage of my career to have this opportunity to lead a business of tremendous growth potential in the most exciting sector of the apparel industry," Mr. Margolis said.
 "I am very pleased to have Jay leading our U.S. business," said Lawrence Stroll, Pepe Group plc chief executive officer. "With Jay spearheading our efforts in the U.S., I am confident that we can fulfill the expectations of both retailers and consumers."
 Matt Rubel will continue as president of Pepe USA and report to Mr. Margolis.
 In addition, Maurice Marciano remains a shareholder and director of Pepe Group plc, the parent of Pepe USA.
 -0- 7/22/92
 /CONTACT: Lawrence Stroll of Kekst and Company, 212-302-3302/


CO: Pepe USA ST: New York IN: SU: PER

TM -- NY109 -- 4844 07/22/93 18:05 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
Words:177
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