LOS ANGELES COUNTY
Preparing for the eventual retirement of its chairman, House of Fabrics Inc. on Thursday announced a realignment of its top management, creating an office of the chairman occupied by three members of the company’s founding family.
The Sherman Oaks concern, which operates the nation’s largest chain of home-sewing fabrics stores, promoted its president, Barney Sofro, 43, to vice chairman. The company said the move was designed to better prepare him to succeed David Sofro, 73, his father and the company’s co-founder, who continues as chairman.
Joining them in the office of the chairman is Charles Sofro, 68, David’s brother and a co-founder. Charles Sofro, who formerly had been vice chairman, will assume the new title of founding chairman. But the post is not ceremonial, and he will continue to play a key role in the company’s real estate and acquisitions activities, according to Gary L. Larkins, who succeeds Barney Sofro as president.
Larkins, 42, who previously was executive vice president, joined House of Fabrics in 1976.
House of Fabrics has 779 stores in 47 states. It earned $11.3 million on sales of $278.3 million in the fiscal year ended Jan. 31.