Financial
W&L Files For Bankruptcy
NEW YORK -- Woodward & Lothrop, one of the last over-leveraged retailers to remain outside the bankruptcy courts, finally succumbed to its debt load and entered Chapter 11 proceedings Monday.
This confirms reports in these columns on Jan....
— Jan 18, 1994
He-Ro Postpones Holders' Meeting for Fourth Time
NEW YORK -- For the fourth time in the last three months, The He-Ro Group has rescheduled its annual meeting, this time until "the second week in March," a company spokeswoman said last week. A specific date has not been set, she said.
The...
— Jan 18, 1994
CHH Will Boost Private Label to 25% of Women's Inventory
NEW YORK -- Carter Hawley Hale Stores Inc. will build private label to 25 percent of its women's apparel inventory this year, as the retailer seeks to "take back the reins of control from the vendor community."
That was the message from David...
— Jan 18, 1994
Announcement Expected Today on Calvin Klein-Warnaco Deal
NEW YORK -- An announcement is expected today that a deal has been struck between Calvin Klein Inc. and The Warnaco Group involving the sale or license of Klein's highly profitable $85 million men's underwear business.
Calvin Klein Inc. and...
— Jan 18, 1994
HartMarx Returns to Profitability for Year
CHICAGO -- Relieved of the drag from its money-losing retail business through some fancy financial footwork, Hartmarx Corp. reported a full year in the black after three years of multi-million dollar losses.
For the year ended Nov. 30, net...
— Jan 18, 1994
W&L Says it Has Heard Rumors it's Filing Ch. 11
WASHINGTON -- Woodward & Lothrop said in a statement Thursday that it has heard reports of an impending Chapter 11 filing before, but the company did not deny the possibility it was about to make such a filing.
As reported here Thursday,...
— Jan 14, 1994
Banker Says Covarrubias Near Closing Deal for GFT
FLORENCE -- A group of Mexican entrepreneurs led by industrial magnate Fabio Covarrubias is close to concluding its bid for troubled Italian designer label manufacturer GFT SpA, according to an investment banker representing Covarrubias.
Dante...
— Jan 14, 1994
