|
|
Article: IDOL HIRE LIFTS KARAN STOCK.(John Idol appointed CEO of Donna Karan International)
- Article from:
- WWD
- Article date:
- July 30, 1997
CopyrightCOPYRIGHT 1997 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK -- Shares of Donna Karan International got another lift Tuesday to 12 7/8, up 1 1/8, following the appointment Monday of John Idol as chief executive officer.
This gain comes on top of a 1 5/16 gain Monday to 11 3/4.
As reported, Karan, who had held the ceo title, remains chairwoman and chief designer. Idol was most recently Polo Ralph Lauren's group president of product licensing.
About 1.1 million shares of Donna Karan were traded Tuesday on the New York Stock Exchange, compared with a typical daily volume recently of about 500,000.
...