Allied Stores Taps Morosky as President
Allied Stores Corp. has appointed Robert H. Morosky, who resigned as a top official of the Limited Inc. in June, as its president and chief operating officer.
Morosky, 46, will join Allied in New York Nov. 30. The company did not reveal Morosky’s salary.
As an executive for 15 years with the Limited, the Columbus, Ohio-based women’s specialty retailer, Morosky was involved in developing the company’s international merchandising, computerized distribution systems and acquisitions.
Morosky quit June 15 to start a private investment company, the Robert H. Morosky Co., and help raise money for the Catholic Diocese of Columbus. He recently gave $1 million to kick off a $10 million fund drive for the diocese.
Campeau Corp. of Toronto purchased Allied Stores in December in a $3.5-billion leveraged buyout. Only six of the private company’s 23 divisions remain.
Included among Allied’s holdings now are the specialty retailers Brooks Bros. and Ann Taylor along with the department stores Maas Bros. in Florida, Bon Marche in Seattle, Jordan Marsh in New England and Sterns in New Jersey and Pennsylvania.
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