US: Hartmax files for Chapter 11
By just-style.com | 26 January 2009
Hartmarx Corporation, the US-based clothing group, has filed for protection under Chapter 11 of the US Bankruptcy Code. The company said that the action had been taken as a result of a decline in discretionary apparel purchases by consumers and by the company's retail customers.
just-style articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you're already a member, login here.
More articles related to this one
UK: New stores help Burberry to Q1 sales gain
British luxury goods firm Burberry Group Plc today (15 July) said it has made "a solid start to the year" after first quarter sales rose 8% as new store openings helped offset a slowdown in wholesale revenues.
INDIA: Higher costs push S Kumars to FY profit drop
Indian fabric and apparel maker S Kumars Nationwide Ltd, one half of an investment group that has successfully bid for bankrupt US suit maker Hartmarx Corporation, has posted a 5.1% drop in full-year profit as soaring sales failed to offset higher costs.
INDIA: Arvind ends Hartmarx tie-up
Textile producer Arvind has ended its association with US suit maker Hartmarx following the company's bankruptcy and subsequent acquisition.
