Financial

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Financial

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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....

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...

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...

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...

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...

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,...

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...

Calvin Near Underwear Deal With Warnaco

NEW YORK -- Calvin Klein Inc. is reportedly close to signing a deal with The Warnaco Group involving the sale or license of Klein's lucrative $85 million men's underwear business.

Linda J. Wachner, chairman and chief executive officer of...

Immediate Goods, Special Programs Key January Market

NEW YORK -- This week's innerwear market has been living up to moderate expectations.

With the bulk of foundations buying already done for spring and early summer, the showroom traffic, as is typical in January, has been light, but makers of...

W&L Reported Close to Filing for Bankruptcy

NEW YORK -- Woodward & Lothrop, the department store chain that has been a Washington, D.C., institution for 113 years, is reportedly on the brink of bankruptcy.

Trade sources said Wednesday the retailer has lined up $100 million in Chapter...

U.S. District Court Delays Hearing On Marciano Suit Against Brothers

LOS ANGELES -- A U.S. District Court judge has reset to Feb. 22 a hearing for a preliminary injunction sought by Georges Marciano in his suit against his three brothers, the owners of Guess Inc.

Judge Wallace Tashima extended the hearing date...

Perfumania Merger With Revlon Unit Off

NEW YORK -- Plans to merge Revlon's Prestige Fragrance & Cosmetics subsidiary into Perfumania Inc. have been dropped. Instead, the companies are considering the sale of Perfumania's retail business to Revlon Consumer Products Corp.

Ilia...

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