Word: feinberg
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...LARRY FEINBERG...
...same time, Feinberg started reaching out for other well-known lines, e.g., Catalina swimwear (which claims to be the world's biggest swimsuit maker), Fruit of the Loom hosiery. Last week, still pulling itself up by the garters, Kayser agreed to pay $13 million for Milwaukee's thriving Holeproof Hosiery Co. (1954 net: $1,157,984), one of the biggest U.S. lingerie and stocking manufacturers. The merger, Kayser's sixth in one year, will make it the world's largest producer of lingerie, stockings and women's accessories. Solidly in the black, after six years...
...Good Names. Kayser's quick climb, a one-year wonder in an ailing industry, is cut right to the pattern of rangy (6 ft. 4 in., 200 lbs.) 47-year-old Abe Feinberg's whole career. A hosiery salesman's son who went to work at 14 "cleaning 17 cuspidors a day for 17 underwear salesmen," Feinberg rose to be a cuspidor user in two years, quit his $75-a-week salesman's job when it interfered with his evening studies at Fordham Law School. He earned bachelor's and master's degrees...
...head of Hamilton Mills, a lucrative hosiery concern which then wholesaled its output to chain stores, Feinberg became convinced, in an era of overproduction, that hosiery manufacturers would need well-known retail names to survive, bought into Kayser and then Fruit of the Loom. Now, he says: "We have a sense of assurance that we will be accepted...
...Chairman Feinberg's air of unhurried assurance belies a dozen outside activities. He heads Brandeis University's board of trustees, directs fund-raising for causes ranging from the Truman library to the United Jewish Appeal. In his spare hours Feinberg finds time (and an opportunity to display Catalina Bermuda shorts) for golf with his red-haired wife, also likes to swim, play squash,' handball and gin rummy. He has few expensive tastes beyond 60? cigars and conservative, $200 custom-made suits, says: "I drive the oldest Cadillac in Westchester...