In Business This Week
HAND ON DECK AT HARTMARX
In a move that Seventh Avenue has been expecting for some time, Hartmarx Chairman and CEO Harvey Weinberg resigned from the beleaguered clothing manufacturer and retailer. His replacement will be current President Elbert Hand.
Renowned for making men's suits under the Hart Schaffner & Marx label, Hartmarx also operates several store chains and Sears's Kuppenheimer men's shops. But the retail operations have been floundering, and Hartmarx hadn't turned a profit since Weinberg took over in 1990. Hand will continue to close stores and concentrate on manufacturing.EDITED BY HARRIS COLLINGWOOD