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Destination Maternity taps seasoned CFO to lead financial charge
In its search to find the right financial overseer, Destination Maternity Corp. didn’t have to look any farther than the auto parts industry. On Monday, the maternity apparel retailer named David Stern, former CFO of Pep Boys – Manny, Moe and Jack, as executive VP and CFO, charged with leading the finance and accounting, real estate, loss prevention and procurement areas of the company. Stern will report to CEO Anthony Romano. -
Destination Maternity rejects takeover bid
Destination Maternity Corp. has turned down an offer from a French company that disclosed a 13.1% stake in the U.S. company, according to a Securities and Exchange Commission filing Monday.
The nation’s largest retailer of maternity apparel rejected an offer from children’s clothing company Orchestra-Premaman, which manufactures clothing for children and infants, saying the request for talks regarding a potential acquisition were not in the best interests of Destination Maternity shareholders.

