EFTA02437323.pdf

To: Jeffrey Epsteinheeproject©yahoo.comi From: Sultan Ahmed Bin Sulayem Sent Wed 9/16/2009 6:54:30 PM Subject: Fw: from the Post, about Bergdorfs actually... Title: Fw: from the Post, about Bergdorfs actually... Sent from my BlackBerry® wireless device From: "David Jackson - Istithmar" Date: Wed, 16 Sep 2009 22:46:04 +0400 To: Jamal Majid Bin Thane Maryam Share Yuvraj Narayan Sarah Lockie Subject: Fw: from the Post, about Bergdorfs actually... It seems some of the work of the Perella and Bameys PR team is working. They have been pushing the line that problems arc across the industry and not just us so why 8 articles in a row about Bameys. The fact that they arc also PE backed with big debt load compares favorably to us. Sent Remotely Using 131aelcBerry —Original Message — From: Dyson, Kevin To: David Jackson • sttt mar Sent: Wed Sep 16 22:37:57 2009 Subject: FW: from the Post, about Bergdorfs actually... Hi David, I'm not sure if you saw this article from the N.Y. Post today...however it was so nice to read B.S. about someone else for a changc...perhaps we have fended them (the press) off for a while...although I doubt it! Great article in WWD today as well...thanks! Warm regards, kcvin Kevin M. Dyson Senior Vice President & General Manager , Madison Avenue Buyers' remorse Two Bergdorf execs rip their new work rules By JAMES COVERT Last Updated: 2:52 AM, September 16, 2009 Posted: 12:52 AM, September 16.2009 EFTA_R1_01510120 EFTA02437323 A decades-old wall between Neiman Marcus and Bergdorf Goodman has crumbled -- and now management is beginning to show cracks, too. Two key executives in particular were stretched thin following a move this summer that folded the fashion office at Bergdorf — the Fifth Avenue luxury retail icon — into Neiman, its Dallas-based corporate parent that operates more than 40 stores across the country, sources said. Sponsored Links Tommy Fazio -- who had won praise as men's fashion director at Bergdorf before he was forced to shoulder additional responsibilities at Neiman in June — has left the company, a Neiman spokeswoman confirmed. Fast-talking Fazio — known for his eye for detail and strong tics with designers like Torn Ford and Thom Browne — "wasn't too happy" about the new workload, according to one person close to the executive, and has left to join an obscure men's clothing label called Spurt. Neither Spurt nor Bergdorf returned calls for comment. Meanwhile, sources said Roopal Patel a tastemaker for Bergdorf who was reportedly furious this summer when she was forced to supervise accessories at Neiman -- was making a public scene yesterday in the midst of New York Fashion Week. Patel, who previously held a more glamorous post at Bergdorf, supervising woolen's ready-to-wear clothing, was 'yelling and angrily stomping her feet' in a testy conversation with Bergdorf CEO Jim Gold on the street outside a fashion show by designer Catherine Malandrino, according to one person who witnessed the ruckus. "She didn't seem to be mad at Jim [Gold]," the person added, but rather pleading and complaining about the mess at the company as word of Fazio's resignation spread. A Neiman spokeswoman said "the reorganization recognized the talents of both Tommy and Roopal by giving them the opportunity to work on a much larger scale." taking on responsibility for 42 stores instead ofjust one. But while both execs were loaded with more work, one source said they received "little, if any" corresponding boost in compensation as Neiman has kept a tight lid on expenses. What's more, the role of fashion directors Fazio and Patel — who traditionally have shaped the merchandise at stores without a direct eye on the bottom line — has been questioned as the retailers' operations become increasingly numbers- driven. Neiman President and CEO Karen Katz — who engineered the recent consolidation of Fazio and Patel's roles — "maybe doesn't totally get the fashion office," according to one person close to the company. The dust-up is another headache for Neiman Chairman Burt Tansky, who is beset by rumors that he will retire -- even as the retailer scrambles to cut costs as sales continue to plunge. Adding to the pressure is a mountain of debt the company took on four years ago in a SS billion buyout by the private- equity firms TPG and Warburg Pincus. DISCLAIMER *** ***** ********* This email and any files transmitted with it are confidential and contain privileged or copyright information. 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