Viewing page 27 of 107

This transcription has been completed. Contact us with corrections.

Georg Jensen Makes Changes; Take-Over by Kenton is Hinted

By ISADORE BARMASH
A new top-management change and the appointment of three new directors at Georg Jensen, Inc., the retailer and wholesaler of silver, chinaware and crystal, may result in the acquisition of the 48-year-old company by the Kenton Corporation.
Jensen announced yesterday the appointment of S. Roger Horchow, a 42-year-old Virginian and former Neiman-Marcus executive, as chairman and chief executive officer. Mr. Horchow, who most recently headed the mail-order subsidiary of Kenton, was also named a director of Jensen, as was Robert H. Kenmore and Gardiner S. Dutton, chairman and executive vice president of Kenton, respectively.
Dan Rodgers, who was named Jensen's chairman last fall, has resigned this post, the company said, but will remain a director of Jensen and chairman of the G.J. Holding Company, a private investment concern in which a major interest is held by the New Court Securities Corporation.
"The Kenton Corporation has assumed management responsibility for Jensen and a more permanent arrangement with that company may emerge from this relationship," said John Birkelund, president of New Court, an investment banking and investment management company.

S. Roger Horchow

Kenton, listed on the American Stock Exchange is a diversified retailing and marketing company whose subsidiaries include Cartier, Inc.; Mark Cross, Ltd.; F.B.C. Stores, a discount-store chain; the Ben Kahn Furs Corporation; Georges Kaplan, Inc., Republic-Cellini, a sportswear importer; Kenneth Jay Lane, a fashion jewelry designer; and Valentino, the Italian couturier.
Asked if the "more permanent arrangement" might involve Kenton's purchase of the Jensen business, Mr. Birkelund

Continued on Page 53, Column 4