| Business Summary | | Aris
Industries
Inc.,
during
2000,
was
engaged
in
the
design
and
manufacture
or
importation
of
sportswear,
outerwear,
activewear
and
loungewear.
The
Company's
business
was
conducted
domestically,
with
substantially
all
of
its
net
sales
derived
from
domestic
customers,
although
it
contracted
with
others
to
manufacture
certain
of
its
products
overseas.
Commencing
March
1,
2001,
most
of
the
Company's
revenues
will
be
derived
from
licensing
royalties
and
retail
sales.
The
Company
will
no
longer
be
engaged
in
the
manufacture
and
wholesale
distribution
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Aris
Industries,
Inc.
is
engaged
in
the
licensing
and
sale
of
men's
and
young
men's
sportswear,
outerwear,
activewear,
swimwear
and
loungewear.
For
the
three
months
ended
3/31/01,
revenues
fell
34%
to
$28.7
million.
Net
loss
before
extraordinary
item
fell
78%
to
$1.5
million.
Revenues
reflect
the
Company's
transition
from
manufacturing
and
distributing
to
licensing
and
brand
management.
Net
loss
was
offset
by
increased
gross
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Arnold Simon, 54 Chairman,
Pres, CEO | $870K | Gregg Fiene, 48 Vice
Chairman | 281K | Paul Spector, 58 Sr.
VP, CFO, Treasurer and Sec. | -- | Vincent Caputo, 46 VP,
Assistant Treasurer and Assistant Sec. | -- | Tom Nastos, 41 VP-
Production | 383K | Dollar amounts are as of 31-Dec-1999 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
|
|