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BUSINESS
April 21, 1998 | Patrice Apodaca
A visionary, it appears, is worth less than a CEO. At least that's the case at Irvine-based Mossimo Inc., where the going rate for the talents of founder Mossimo Giannulli, the self-anointed visionary--that's his official title--is $300,000 a year. The amount represents a 40% pay cut from 1997, when Giannulli was chief executive and earning $500,000. Giannulli's pay was disclosed in the apparel designer's annual proxy statement filed with the Securities and Exchange Commission.
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BUSINESS
March 26, 1999 | JONATHAN GAW, TIMES STAFF WRITER
Computer graphics equipment maker CalComp Technology Inc. said Thursday it hired turn-around specialist John Brincko as its new chief executive, to guide the company through its liquidation. Brincko, who resigned as president of Irvine apparel maker Mossimo Inc. last year, was brought in for his experience in selling groups of separate subsidiaries within a company, said Mike Pollock, a CalComp spokesman. In January, Lockheed Martin Corp.
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BUSINESS
March 26, 1999 | JONATHAN GAW, TIMES STAFF WRITER
Computer graphics equipment maker CalComp Technology Inc. said Thursday it hired turn-around specialist John Brincko as its new chief executive, to guide the company through its liquidation. Brincko, who resigned as president of Irvine apparel maker Mossimo Inc. last year, was brought in for his experience in selling groups of separate subsidiaries within a company, said Mike Pollock, a CalComp spokesman. In January, Lockheed Martin Corp.
BUSINESS
November 17, 1998 | LESLIE EARNEST, TIMES STAFF WRITER
With sales falling and the company still posting losses, Mossimo Inc. said Monday that it will not extend the contract of Chief Executive John Brincko, hired in January to reverse the Irvine apparel designer's downward slide. Brincko's one-year contract, which expires Dec. 31, included a six-month extension option, but the company said he will leave at the end of the year.
BUSINESS
November 17, 1998 | LESLIE EARNEST, TIMES STAFF WRITER
With sales falling and the company still posting losses, Mossimo Inc. said Monday that it will not extend the contract of Chief Executive John Brincko, hired in January to reverse the Irvine apparel designer's downward slide. Brincko's one-year contract, which expires Dec. 31, included a six-month extension option, but the company said he will leave at the end of the year.
BUSINESS
November 17, 1998
Apparel maker Mossimo Inc. of Irvine said it won't extend the contract of Chief Executive John Brincko, who was hired in January to reverse the firm's downward slide. Brincko's one-year contract included a six-month extension option, but the company said he will leave at year's end. It was unclear who will take the reins. Mossimo reported a third-quarter loss of $3.4 million, or 23 cents a share, compared with a $4.8-million loss, or 32 cents, a year ago.
BUSINESS
September 6, 1996 | Times Staff and Wire Reports
A federal judge gave preliminary approval to the $72-million settlement reached in an antitrust lawsuit filed by travel agents against American Airlines, Delta Air Lines, United Airlines and Northwest Airlines, which had put a cap on agent commissions. A final hearing on the settlement is scheduled for Nov. 15. . . . Barney's said its president and co-chief operating officer, Charles Bunstine II, resigned and that John Brincko, a co-chief operating officer, would replace him. . . . Aluminum Co.
BUSINESS
September 26, 2000
* Linen retailer Strouds Inc., which filed for U.S. Bankruptcy Court protection this month, said Chairman and Chief Executive Charles R. Chinni has been placed on paid administrative leave. The Industry-based company also announced that turnaround specialist John P. Brincko has been named interim president and CEO and that founder Wilfred C. Stroud Jr. has been named acting chairman.
BUSINESS
May 16, 1998 | LESLIE EARNEST, SPECIAL TO THE TIMES
Still awash in red ink, Mossimo Inc. reported a first-quarter loss of nearly $1.7 million, or 11 cents a share, more than triple its loss from a year ago, as sales slumped 40%. The Irvine-based clothing designer probably will not show a profit until 1999, but its turnaround plans are still on track, chief executive John Brincko said Friday. "We've been meeting our internal objectives over the last three months," he said.
BUSINESS
March 8, 1998 | RUSS STANTON, TIMES STAFF WRITER
Calvin Klein's empire nearly collapsed under a mountain of debt in 1992 before record producer David Geffen came to the rescue. Tommy Hilfiger went bankrupt before teaming up with Hong Kong apparel mogul Silas Chou to build the giant fashion house that bears his name today. But even in the topsy-turvy world of fashion, few falls have been as dramatic as that of Mossimo Giannulli. Two years ago, the Irvine menswear designer was the toast of Wall Street.
BUSINESS
April 21, 1998 | Patrice Apodaca
A visionary, it appears, is worth less than a CEO. At least that's the case at Irvine-based Mossimo Inc., where the going rate for the talents of founder Mossimo Giannulli, the self-anointed visionary--that's his official title--is $300,000 a year. The amount represents a 40% pay cut from 1997, when Giannulli was chief executive and earning $500,000. Giannulli's pay was disclosed in the apparel designer's annual proxy statement filed with the Securities and Exchange Commission.
BUSINESS
December 10, 1998 | LESLIE EARNEST, TIMES STAFF WRITER
Mossimo Inc. said Wednesday it has hired two more former Tommy Hilfiger Inc. executives to work for the struggling Irvine apparel company, which has just laid off more workers as part of an ongoing restructuring. The company announced last week that former Hilfiger chief executive Edwin Lewis had been hired as CEO at Mossimo. As part of the arrangement, founder Mossimo Giannulli gave up half of his stake in the company. Giannulli and Lewis will hold equal shares in Mossimo.
BUSINESS
March 20, 1998 | RUSS STANTON
How long will new Mossimo Inc. Chief Executive and turnaround specialist John Brincko be on the job at the troubled Irvine apparel designer? That question was deftly avoided by everyone connected with the company--including Brincko--when his appointment was announced earlier this month. "It's still very much up in the air whether he'll be there temporarily or permanently," a company spokeswoman said. "There's nothing set in stone at this point."
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