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UNIVERSAL INTERNATIONAL, INC. ANNOUNCES EXECUTIVE CHANGES

 UNIVERSAL INTERNATIONAL, INC. ANNOUNCES EXECUTIVE CHANGES
 MINNEAPOLIS, Oct. 27 /PRNewswire/ -- Universal International, Inc. (NASDAQ-NMS: UNIV) today announced that Mark Margolis, its president, has resigned effective Jan. 1, 1993. At the same time the company announced that Gilbert L. Wachsman has been appointed president of its Only Deals, Inc. subsidiary. Wachsman has extensive experience in retailing including serving as president of Lieberman Enterprises, Inc. and ChildWorld, Inc. and as senior vice president of merchandising for the Target Stores division of Dayton Hudson Corporation.
 The company also announced new employment agreements with Norman Ravich, its founder and chairman, and Mark Ravich, its chief executive officer.
 Disagreements with management were cited as the reason for Margolis' resignation. Margolis remains a director of the company.
 Universal International, Inc. buys and sells quality "close-out" merchandise in its traditional wholesale business and is developing a chain of Only Deals retail stores that offer merchandise priced from $1 to $10. Universal's shares are traded on the NASDAQ National Market System under the symbol UNIV.
 -0- 10/27/92
 /CONTACT: Mark Bartholomay of Universal International, 612-533-1169/
 (UNIV) CO: Universal International, Inc. ST: Minnesota IN: REA SU: PER


AL -- MN006 -- 5242 10/27/92 09:35 EST
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Publication:PR Newswire
Date:Oct 27, 1992
Words:198
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