Mr. Cahn founded the company with his wife, Lillian, in New York City in 1961. They sold the upscale handbag business in 1985 for a reported $30 million.
https://www.nytimes.com/2017/02/11/...prod=nytcore-iphone&smid=nytcore-iphone-share
https://www.nytimes.com/2017/02/11/...prod=nytcore-iphone&smid=nytcore-iphone-share