NEW YORK (Thomson Financial) - Cygne Designs Inc. Friday named Jay Furrow president and chief executive officer, effective immediately.
Furrow will replace current President, CEO and Chairman Bernard Manuel, who will continue to serve as chairman.
Furrow has held numerous executive positions in the apparel industry, including serving as CEO of Innovo Group, now known as Joe's Jeans Inc., the company said.
Cygne shares rose 9.5% to 23 cents in morning trading. Christie Rizk cr/vj COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2008 AFX News
