From My point of view, I was bitterly opposed to the Genesco-I.Miller deal…with the sale of the company its "soul" was gone. Genesco closed down the Long Island factory; they ruined the brand names - Mademoiselle (I.Miller sub-division) non longer exists; nothing any longer exists. They completely obliterated the whole thing - it was all stupidity. They didn't belong in the high-grade business; they didn't understand it. To be high-grade, you have to act high-grade.
The (Miller) family came out pretty well financially: I think each brother, or each bloc, got two and one-half million dollars. They got five-year contracts as consultants - all the b.s. My father, for example, was a consultant whom nobody wanted to consult with. My father went to his office every day for five years and they never asked him one goddamned question.
1954 | I. Miller is brighter than ever!