| Business Summary | | Cygne
Designs,
Inc.
is
a
private
label
manufacturer
of
women's
career
and
casual
apparel,
serving
principally
The
Limited,
Inc.
The
Company
currently
participates
in
one
segment
of
the
apparel
market-
women's
career
and
casual
apparel.
During
2000,
the
Company's
products
included
jackets,
skirts
and
pants.
Cygne
also
produces
apparel
upon
orders
from
its
customers
for
sale
under
the
customers'
own
labels,
rather
than
producing
its
own
inventory
of
apparel
for
sale
under
the
Cygne
name.
Although
private
label
gross
margins
are
lower
than
in
the
brand
name
apparel
industry,
collection
and
markdown
costs
are
typically
commensurably
lower,
and
inventory
turns
are
generally
higher.
Inventory
risks
are
also
reduced
because
the
purchasing
of
fabric
and
other
supplies
begins
only
after
purchase
commitments
have
been
obtained
from
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Cygne
Designs
is
a
label
merchandiser
and
manufaturer
of
women's
apparel,
serving
principally
The
Limited,
Inc.
CYDS's
products
include
woven
career
and
casual
women's
apparel
for
sale
under
the
customers'
own
labels.
For
the
three
months
ended
5/5/01,
revenues
rose
from
$5.1
million
to
$10.2
million.
Net
income
fell
34%
to
$61
thousand.
Revenues
reflect
new
sales
to
Dillard's
and
higher
sales
to
the
Limited.
Earnings
were
offset
by
additional
personnel
and
higher
travel
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Bernard Manuel, 52 Chairman
and CEO | $401K | Roy Green, 67 Sr.
VP, CFO,Treasurer and Sec. | 248K | Dollar amounts are as of 30-Jan-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|