Financial
Sara Lee Back in South Africa with Purchase of Kiwi Brands
CHICAGO -- Sara Lee Corp. has acquired the South African company Kiwi Brands Ltd. and its subsidiary companies. In 1986, the company divested itself of Kiwi brands, then called Nicholas Kiwi Ltd., in response to economic sanctions imposed against...
— Jan 19, 1994
Means Says Take the Global Plunge
NEW YORK -- Retailers considering operations outside the United States need to go into other markets with a focused, aggressive global strategy -- not with a toe-in-the-water mentality.
That's the message from Grady E. Means, managing partner...
— Jan 19, 1994
Business Slump Cuts Price Tag on Kayser-Roth
NEW YORK -- The purchase price of Kayser-Roth Corp. has been lowered by $63 million to $170 million because of a downturn in Kayser-Roth's business.
Legwear Acquisition Corp., representing Grupo Synkro SA de CV and a group of Mexican investors,...
— Jan 19, 1994
Elf Aquitane Expected to Jettison its Stake in Bidermann International
PARIS -- French petroleum giant Elf Aquitaine is expected to announce Thursday that it will pull the plug on its stake in Bidermann International.
Elf holds about 13 percent of Bidermann SA, the holding company that controls Bidermann...
— Jan 18, 1994
Cone, Majestic Deal Seen As Lift to Both
NEW YORK -- The acquisition of Cone Mills' apparel corduroy business by Majestic Mills last month should be a good deal for both firms, according to executives from the two companies as well as industry analysts.
The move gets Cone out of...
— Jan 18, 1994
Arnault Denies Rumors of For-Sale Sign on Celine
PARIS -- The principals of Celine have denied reports in the Paris press that the firm is up for sale. "This rumor has no foundation. It's completely untrue," insisted Bernard Arnault, whose holding company, Financiere Agache, controls Celine. Arnault...
— Jan 18, 1994
Quake Exacts Toll On Stores in Los Angeles
LOS ANGELES -- The devastating 6.6 magnitude earthquake here that claimed at least 24 lives Monday wreaked havoc on retailers, particularly at Northridge Fashion Center, which is close to the temblor's epicenter in the San Fernando...
— Jan 18, 1994
