Daily News Record back issues from March 1992:
Retailers book plain-front pants for initial tests this fall; style will go from fashion runways to department and specialty store shelves.
Mar 02, 1992; ... NEW YORK -- While better department and specialty store retailers say the majority of their fall '92 dollars will be devoted to pleated pants, many are testing plain-front (or flat-front) versions following the revival of this style on the fashion runways. Stores are aren't ...
Hilfiger and Wishnow: a new clothing couple? (Tommy Hilfiger and Barry Wishnow talk about forming a joint venture sports clothes company) (Brief Article)
Mar 02, 1992; ... NEW YORK -- Sportswear pro Tommy Hilfilger and tailored clothing heavy Barry Wishnow have been talking about forming a joint venture to produce "sport clothing" with the designer's label, according to strong market rumors. Until recently, Wishnow was chief executive at Hugo Boss ...
Putting fabrics into focus. (a look at Dan River Inc.'s shirting fabrics) (Brief Article)
Mar 02, 1992; ... "The successful merchant today is emphatic about a specific look," according to Art Okun, creative director of Dan River Mills. One approach, particularly important in the present economy, is to focus in on a particular type of merchandise and avoid a supermarket approach to fashion ...
Real estate deal to give May Co. net a big boost. (May Department Stores Co.'s second-quarter earnings) (Brief Article)
Mar 02, 1992 ... ST. LOUIS (FNS) -- While most retailers are hoping business will pick up and profits improve in the third quarter, accounting wizardry will give May Department Stores Co. a three-month head start on beefing up the bottom line. The company said it will record a $200 million ...
Behind the scene: charting the course of North Beach Leather. (Company Profile)
Mar 02, 1992; ...HOBAN'S HISTORY Michael Hoban's story isn't all that different than say, Calvin Klein's or Ralph Lauren's. Hoban's version: The designer/partner of a small dress shop in San Francisco was asked to make a pair of leather pants by one of his customers. He did. The pants ...
Michael Wallen says: Macy's West creates 'men's environments.' (R.H. Macy and Company Inc's president of merchandising Michael Wallen is optimistic about the future of men's wear in the company) (Interview)
Mar 02, 1992; ... DNR: What's new in the men's departments at Macy's? MICHAEL WALLEN: We've made some very bold moves such as continuing to build headquarter departments in the downtown San Francisco store. For instance, we just opened a new Armani Le Collezioni shop there. We've also made ...
Active firms set up their new-name offense. (activewear companies increase their market share through licensing and acquiring new brand name products; Bassett-Walker Inc.)
Mar 02, 1992; ... NEW YORK -- Activewear companies are building market share by de-emphasizing private-label programs, acquiring new names and redefining distribution. Each strategy is an attempt to play up even more the obvious strengths of brands. Names such as Nike and Champion ...
Getting ready to play ball with buyers. (West Coast activewear manufacturers are gearing up for business at the upcoming show in Las Vegas, Nevada)
Mar 02, 1992; ... LOS ANGELES -- West Coast activewer manufacturers are fine-tuning their lines in an effort to win retailer dollars at the upcoming MAGIC show in Las Vegas. Although little fall business has been done prior to the show, manufacturers say that they're listening to retail reaction ...
Makers seek payoff from value pricing. (sport shirt makers see value pricing as essential to their sales this fall)
Mar 02, 1992; ... NEW YORK--Value pricing is a hot topic among men's sport shirt makers as the fall '92 selling season moves into full swing. They see day-in, day-out value prices as essential to ensuring strong sell-throughs at retail this fall. some manufacturers are working on tighter margins ...
Greeting fall with fundamentals. (sportswear manufacturers prepare for fall 1992 market by going back to basics)
Mar 02, 1992; ... The three predominant strategies in the young men's and contemporary markets for fall '92 are lower prices, basics-oriented special programs and tighter, focused lines that draw on each company's specific strengths in the present marketplace. Resources are approaching MAGIC and ...
Denim far from fading away. (denim jeans still best sellers for manufacturers and retailers)
Mar 02, 1992; ... NEW YORK -- Denim jeans are once again one of spring's brightest stars for manufacturers and retailers. Makers chalked up big gains in spring jeans bookings, and stores are already realizIng hefty spring increases at cash registers. Retailers are hoping fashion-colored denim ...
Seattle crowd sets sights on Vegas. (Seattle, Washington-based young men's sportswear companies look forward to the trade show in Las Vegas, Nevada)
Mar 02, 1992; ... SEATTLE (FNS) -- Seattle-based young men's sportswear companies have mixed expectations about the volume of confirmed orders they will receive at MAGIC. Nevertheless, all vendors interviewed by DNR agreed that MAGIC, which will be held March 12-15 at the Las Vegas Convention ...
Clothing travels U.S. country roads. (country style clothing making a comeback with designers)
Mar 02, 1992; ... NEW YORK -- Country is back in style and everyone agrees it's long overden. The designers kept country alive when the tailored clothing market went on an extended Italian spree. Ralph Lauren, Joseph Abboud and Alexander Julian, among many, continued along the American country way. ...
Ivy - the next 'new' fashion? (Ivy League look is the fashion trend at the SEHM show in Paris, France) (Brief Article)
Mar 02, 1992 ... There's a feeling in the air that we're due for a new phase in the long history of "tradition" ... or call it Ivy League, preppie, classic or natural shoulder. In fact the trend is already mushrooming in Europe, as this columnist advised readers upon returning from the SEHM show in Paris ...
Traditional specialists must lead, not overdo: Gordon. (Kenneth Gordon, president of Kenneth Gordon New Orleans on fashion trends of shirts returning to traditional styles) (Brief Article)
Mar 02, 1992 ... "Retailers who departed a little from tradition are so happy to see it now," says Kenneth Gordon, president of Kenneth Gordon New Orleans. "But," he stresses, "we're not going back to tradition, we're going forward." With regard to tradition's appearing in Europe as a fashion, ...
Talbott: stores happy about tradition's return. (Audrey Talbott of neckwear company Robert Talbott Inc. says retail stores and customers are now coming back to traditional neckwear) (Brief Article)
Mar 02, 1992 ... "Several years ago," says Audrey Talbott, chairman of the very traditional Robert Talbott neckwear company, "we were forced to move on to new fashion ideas to satisfy some of our more than 600 retail customers. Now many of these same stores want to go back to traditional neckwear as they ...
Gitman sees tradition selling to fashion shopper. (Gitman Brothers Shirt Company Inc.'s Kenneth Pearlstein on fashion trends and customers) (Brief Article)
Mar 02, 1992 ... "We are the kind of traditional firm that has moved with the fashion flow," says Kenneth Pearlstein, president and CEO, Gitman Bros. "We have had to do that," he explains, "not only because our times have dictated certain fashion changes but also because it was necessary for our company's ...
Cordura shoulders the messenger's burden. (E.I. du Pont de Nemours and Company Inc's nylon cordura is durable when used in the manufacture of messenger bags)
Mar 02, 1992; ... NEW YORK -- From a bike messenger's bag to a fast-track executive's fashionable shoulder briefcase, the evolution of tough technical fibers and fabrics from their original use to more fashionable consumer functions is a strong new trend. High-tech fabrics originally designed for ...
Blasting the politics of protectionism. (James Bovard, author of 'The Fair Trade Fraud,' offers views on the debate about fair trade and the textile industry)
Mar 02, 1992; ... WASHINGTON (FNS)--In the debate over whether government should support the textile industry and its workers or put their fates in the hands of the marketplace, there is no mistaking where James Bovard stands. "Politicians should not have the power to say which jobs will be ...
Country moves to mainfloor. (men's clothing manufacturers are introducing country-style casual slacks to the popular market )
Mar 03, 1992; ... NEW YORK -- The country look in casual slacks has lost its snob appeal and is making it on mainfloor. Many major slacks manufacturers say the look -- particularly corduroys and brushed twills -- represents a perfect complement to the casual dressing that has pervaded the ...
Strong '91 mill profits seen carrying into '92. (economic aspects of the U.S. textile industry)
Mar 03, 1992; ... NEW YORK (FNS) -- Following a bleak year in 1990, the U.S. textile industry bounced back in 1991 and most mills are expected to add to their gains in 1992. Eliminating special charges, for a group of nine publicly owned textile mills combined profits climbed 50.5 percent in the ...
Sales at L.L. Bean up 5.2% for year. (fiscal year 1991) (Brief Article)
Mar 03, 1992 ... FREEPORT, Maine (FNS) -- Sales at L.L. Bean, Inc., for the year ended Feb. 23 increased 5.2 percent to $628 million from $597 million the year before. The privately owned mail-order firm said profits were up but did not disclose specific figures. However, it did ...
Lauren takes to men's ski. (clothing designer Ralph Lauren markets men's ski apparel) (Brief Article)
Mar 03, 1992 ... NEW YORK -- Ralph Lauren has launched his first performance men's ski collection. The collection, for fall '92, carries the Polo by Ralph Lauren label and will be made up of ski suits, stretch pants, jackets and sweaters. It uses technical performance fabrics such as H2Off, ...
Schoeneman gets Dior clothing license. (Christian Dior Inc. contracts J. Schoeneman Inc. to manufacture and market its tailored clothing line; former licensee, Hart Schaffner & Marx, files suit) (Brief Article)
Mar 03, 1992; ... NEW YORK -- J. Schoeneman is the new licensee for Christian Dior men's tailored clothing, but Hart Schaffner & Marx, which has held the license for the past 20 years, has gone to court to challenge the new agreement. Hart Schaffner & Marx, a Hartmarx Co., filed a lawsuit in the ...
Stafford. (Stafford U.S.A. Ltd. awarded clothing license contract by Guy Laroche Paris) (Brief Article)
Mar 03, 1992 ... STAFFORD (USA) has acquired the U.S. tailored clothing license for GUY LAROCHE PARIS, according to Richard Stotter, chief executive officer of the American branch of Stafford Pty Ltd. of Australia. The ...
2 new Atlanta shows slug it out to a draw. (men's wear shows compete in Atlanta: Atlanta Traditional Clothiers Market, and Atlanta Haberdashers Market)
Mar 03, 1992; ... ATLANTA -- There was no clear winner at the war of the men's wear shows waged here late last month. Going ahead to head were the Atlanta Traditional Clothiers Market (ATCM), a new show sponsored by the Atlanta Apparel Mart, and the Atlanta Haberdashers Market, presented by Ad ...
Templer is CEO, president at Freudenberg LP. (Jeffrey A. Templer takes executive slot at Freudenberg Nonwovens L.P.) (Brief Article)
Mar 03, 1992 ... NEW YORK -- Jeffrey A. Templer has been named president and chief executive officer of Freudenberg Nonwovens LP, the North American subsidiary of Freudenberg & Co. of Weinheim, Germany. He will assume responsibility as executive vice-president and chief operating officer on ...
P.C.T. forms new YM sportswear division. (P.C.T. Industries to manufacture young men's clothing under a new division, N.O.T. Clothing, headed by former employees of defunct slacks manufacturer, Bojo) (Brief Article)
Mar 03, 1992 ... NEW YORK -- Four former employees of Bojo have joined P.C.T. Industries, a large apparel contractor based in Los Angeles, to form (N.O.T.) Clothing, a bottoms-driven young men's sportswear firm. (N.O.T.) Clothing is a wholly owned division of P.C.T. The first season for (N.O.T.) ...
EPA sets $1 billion plan for U.S.-Mexico border. (Environmental Protection Agency plans to reduce pollution along the Mexican border; U.S. owned textile and apparel plants located in Mexico will be included in the program) (Brief Article)
Mar 03, 1992; ... WASHINGTON (FNS) -- In an effort to alleviate ecological concerns over a North American Free Trade Agreement, the Environmental Protection Agency has issued its final draft of a $1 billion-plus environmental plan along the U.S.-Mexico border. The plan, unveiled by President Bush ...
Forstmann stock price below plan. (Forstmann and Company Inc. public stock offering) (Brief Article)
Mar 03, 1992 ... NEW YORK (FNS) -- Forstmann & Co. stock, which came to market in an initial public offering last week, continued to trade over the counter at near its $9-a-share offering price Monday. It closed Monday at 9 1/8, up 1/8, and traded as high as 9 1/2. Both the $9-a-share ...
Earnings at Mercantile decrease 8.1% in period. (Mercantile Stores Company Inc. fourth quarter 1991/92 earnings) (Brief Article)
Mar 03, 1992 ... FAIRFIELD, Ohio (FNS) -- Mercantile Stores Co. reported earnings slipped 8.1 percent in the fourth quarter and 7.7 percent in the year ended Jan. 31. Profits in the three months dipped to $41,073,000, or $1.12 a share, from $44,674,000, or $1.22, in the year-ago period. ...
ICI unit posts $17.5M trading loss in year. (Imperial Chemical Industries PLC fiscal year 1991 finances) (Brief Article)
Mar 03, 1992 ... LONDON (FNS) -- Imperial Chemical Industries PLC said Thursday that its specialty chemicals and materials division, which includes its man-made fibers operations, had trading losses of 10 million pounds ($17.5 million) on a 4.9 percent increase in sales to 2.14 billion pounds ($3.74 ...
Delayed shipments cut Greif's profits. (Greif Cos. fourth quarter 1991/92 earnings) (Brief Article)
Mar 03, 1992 ... NASHVILLE, Tenn. (FNS) -- Delayed shipments to R.H. Macy & Co. and Saks Fifth Avenue, along with a weak Christmas for retailers in general, contributed to Greif Cos.' $404,000 loss in the quarter ended Jan. 31, according to Norman M. Fryman, president. Greif's loss (DNR, Feb ....
Caldor profits up 13.7%. (Caldor Inc. discount stores' fourth quarter 1991/92 earnings) (Brief Article)
Mar 03, 1992 ... NORWALK, Conn. (FNS) -- Caldor Corp. reported profits rose 13.7 percent in the fourth quarter, but, after a special charge, earnings for the year slid 45 percent. The discounter earned $28,388,000, or $1.95 a share, in the quarter ended Feb. 1, against $24,957,000, or $2.21 a ...
Judge urges accord on plan for Ames. (bankruptcy judge James A. Goodman calls for quicker agreement on the Chapter 11 reorganization of Ames Department Stores Inc.) (Brief Article)
Mar 03, 1992; ... NEW YORK (FNS) -- The bankruptcy judge overseeing the Ames Department Stores, Inc., Chapter 11 case criticized attorneys representing various creditor committees for failing to reach agreement on a reorganization plan. Bankruptcy Judge James A. Goodman said at a court hearing ...
Bonds negotiating a reorganization. (Bonds mens apparel stores seeks a credit agreement from Maurice L. Rothschild and Co.) (Brief Article)
Mar 03, 1992 ... NEW YORK (FNS) -- Bonds is negotiating with Maurice L. Rothschild & Co. of Illinois for a credit guarantee agreement as part of a plan to reorganize the financially troubled men's apparel chain. At the same time, Bonds is negotiating with unsecured creditors for an out-of-court ...
Zanzara International Ltd. (management profile of the Chicago neckwear manufacturer) (Column)
Mar 03, 1992; ... Although Chicago has long had a flourishing women's designing and manufacturing scene, men's has been declining for years -- with the obvious exceptions of Hartmarx and Oxxford. The windy city is now staging an identity as a neckwear center. About a half dozen neckwear companies are ...
Joe Sherman Neckwear. (management profile of the Chicago neckwear manufacturer) (Column)
Mar 03, 1992; ... The newest company in town, Joe Sherman Neckwear, was founded two years ago by its 79-year-old namesake. Last fall it was bought by John and Lauren Grossman and Marc Cohen. The indomitable Sherman, an industry veteran, still works several days a week. Lauren Grossman and Cohen formerly ...
Carter & Holmes. (management profile of the Chicago neckwear manufacturer) (Column)
Mar 03, 1992; ... The grandfather of local neckwear companies is Carter & Holmes, which was founded in 1891. Two years ago, the company was purchased by Alvin Lauter and his son, Brad. Alvin Lauter had been with Jaymar-Ruby. Shortly after the purchase, the company filed for Chapter 11. "We got ...
I.T. Tie Co. (management profile of the Chicago neckwear manufacturer) (Column)
Mar 03, 1992; ... Another firm, the I.T. Tie Co., specializes in young men's merchandise with retail price points ranging from $12 to $30. "Traditional is not our thing," said Mike Furlet, who founded the company nine years ago. The company currently has three labels, Attitudes, Chicago Neckwear ...
Prices rise on some blend print cloths. (textile prices) (Column)
Mar 03, 1992; ... NEW YORK -- Some wide-width polyester/cotton print cloths increased in price late last week as deliveries tightened for later months. This came as importers warned that polyester/cotton print cloths from overseas were increasingly difficult to get for second- and third-quarter ...
Courtaulds Textiles net falls 14% in '91. (fiscal year 1991 earnings) (Brief Article)
Mar 03, 1992; ... LONDON (FNS) -- Courtaulds Textiles PLC reported a 14 percent drop in attributable profits to 17.8 million pounds ($31.2 million U.S.) on a 6.3 percent fall in sales to 922 million pounds ($1.61 billion) for the year ended Dec. 31, 1991. This compares with attributable profits ...
Get Wet has changed its name to YMLA, (Young Men of Los Angeles). (Brief Article)
Mar 04, 1992; ... * Get Wet has changed its name to YMLA, (Young Men of Los ...
L'Zinger International. (Harlan Bratcher becomes new vice-president of sales for three divisions; John Badum is new vice-president of international sales) (Brief Article)
Mar 04, 1992; ... Changes are happening over at L'Zinger International as well. According to president Jerry Hirsh, the company will be expanding its offering in the men's area, including the addition of various silk blends and more-rugged styles. The company has also lowered prices 20 to 25 percent for ...
Henry Cotton's. (fashion designer Stefano Durelli's company opens showroom in the U.S.) (Brief Article)
Mar 04, 1992; ... Last week Henry Cotton's opened its new showroom, and its designer, Stefano Durelli, came over from Italy to help celebrate. High on his list for America is opening a freestanding store, hopefully by the end of the year. The company is already scouting out space on Madison Avenue. "It's ...
Robert Stock. (fashion designer signs licensing agreement with Sun Apparel Inc. to manufacture and distribute Robert Stock jeans)
Mar 04, 1992; ... Designer Robert Stock continues to add licenses. He has just signed a licensing deal with Sun Apparel, Inc., to manufacture and distribute a line of Robert Stock jeans. The collection will debut next week at MAGIC for fall '92 and will consist of 12 styles in various finishes that will ...
McCrory meeting set for Thursday. (unsecured creditors of McCrory Corp. meet to discuss company's Chapter 11 plan) (Brief Article)
Mar 04, 1992 ... NEW YORK (FNS) -- A meeting of unsecured creditors of McCrory Corp. will be held at 2 p.m. Thursday in the New York Vista hotel to organize an official committee in the company's Chapter 11 case. McCrory, which has been in business about 40 years and operates about 820 variety ...
Burlington to share in G&L stock offer. (Burlington Industries Inc. to sell 400,000 of its Galey and Lord Inc. stock shares in initial public offering according to registration statement with Securities and Exchange Commission)
Mar 04, 1992; ... NEW YORK (FNS) -- Burlington Industries, which sold substantially all of Galey & Lord to an investment group in 1988, plans to sell 400,000 of its Galey & Lord shares in the initial public offering being made by its former division. The sale would reduce Burlington's common ...
Country is goin' south. (Southern retailers to market 'country gentleman' look with tweedy, layered comfortable sportswear for fall '92)
Mar 04, 1992; ... ATLANTA -- Retailers in the South plan to bring out the country gentleman in their customers this fall with tweedy, layered, comfortable sportswear. Better men's specialty stores here believe the look, which started with denim dress shirts being worn with sport jackets, will be ...
Tony Lambert firm slashes sales force. (T-J Knit Enterprises Inc. eliminates majority of New York-based sales staff and road force) (Brief Article)
Mar 04, 1992; ... NEW YORK -- T/J Knit Enterprises, Inc., makers of Tony Lambert-label knitwear, has eliminated most of its New York-based sales staff and road force. This comes in an effort to downsize its operation and cope with the changing marketplace, according to Mark Grebler, president and ...
Nutmeg cashes in on boom in spectator sportswear. (Nutmeg Industries Inc. increases profits fivefold to $2,674,000 in fourth quarter ending January 25, 1992) (Brief Article)
Mar 04, 1992 ... TAMPA, Fla. (FNS) -- Fueled by strong sales of licensed spectator sportswear, Nutmeg Industries, Inc., reported profits increased nearly fivefold in the fourth quarter and more than tripled in the year. In the quarter ended Jan. 25, earnings jumped to $2,674,000, or 23 cents a ...
Moody's upgrades VF debt rating. (Moody's Investors Service Inc. upgrades rating to A3 on VF Corp.'s $700 million senior debt) (Brief Article)
Mar 04, 1992 ... NEW YORK (FNS) -- Moody's Investors Service, Inc., has upgraded its rating on about $700 million in VF Corp. senior debt to A3 from Baa1. VF's prime-2 rating for commercial paper was not affected, the rating agency said. The action reflects improved performance, the ...
Equipment producers: mills slow on uptake of testing systems. (exhibitors at International Textile Machinery Exhibition observe textile industry slow to make capital investments in new textile equipment technology)
Mar 04, 1992; ... CHARLOTTE, N.C. -- The technology for testile-testing and quality-control instruments has reached a level that enables mills to do almost anything they want, or need, according to industry leaders. However, U.S. mills appear to be slow to make the necessary capital investments ...
Modest gain in UK test-systems sales. (British textile laboratory equipment manufacturers report better orders and sales since 1991 International Textile Machinery Exhibition)
Mar 04, 1992; ... LONDON (FNS) -- British manufacturers of textile laboratory equipment report there has been a modest upturn in business since late last year despite the continued recession in the world textile industry. Companies say they have experienced better orders and sales since the ...
He Man B&T chain files Chapter 11. (big and tall men's wear specialty stores experience decline in sales due to recession) (Brief Article)
Mar 04, 1992; ... NEW YORK (FNS) -- He Man, Inc., a Big & Tall men's wear specialty chain, filed a Chapter 11 reorganization petition Tuesday, citing a "dramatic decline in sales because of the slumping economy and increased competition in retailing." The petition, filed in bankruptcy court, ...
Stores fear new moves to end China's MFN status. (despite President Bush's veto of bill to end China's most-favored nation status, U.S. retailers lobby Congress to continue good trade relations with China) (Brief Article)
Mar 04, 1992; ... WASHINGTON (FNS) -- Despite President Bush's veto of a bill that woul tie China's trading benefits to improvements in its human rights policies, retailers aren't taking for granted that the issue won't be resurrected on Capitol Hill. "We will be vigilant," said Dale Tate, ...
Denim fabric plants running full, net up.
Mar 05, 1992; ... CHARLOTTE, N.C. -- Denim fabric seems to be one area that is thumbing its nose at a shaky economic climate. With the overall U.S. economy continuing to struggle, denim fabric producers are running strong. They're in a more profitable position than they were a year ago as they ...
Crystal Brands loses $4.1M in the 4th period. ($4.1 million) (Brief Article)
Mar 05, 1992 ... SOUTHPORT, Conn. (FNS) -- Crystal Brands, Inc., reported a fourth-quarter loss of $4,139,000 against a year-ago profit of $11,229,000, or $1.23 a share. For the year ended Dec. 28, after restructuring charges and accounting changes, the company racked up a loss of $71,394,000. ...
Country makes soft landing. (tailored clothing market becoming receptive to soft-touch style of 'country' used in suits, sport coats and trousers)
Mar 05, 1992; ... NEW YORK -- As American as Levi's, Brooks Bros. and Timberland, country is staging a return engagement in the tailored clothing market. But today's country coats are only a distant cousin of the scratchy wool jackets loaded down with the suede patches, throat latches and tricky ...
Dior mum on HS&M lawsuit. (Christian Dior switches U.S. tailored clothing license to J. Schoeneman Inc. from Hart Schaffner & Marx) (Brief Article)
Mar 05, 1992; ... PARIS -- Christian Dior refused to explain Wednesday why it had switched its U.S. tailored clothing license to J. Schoeneman from Hart Schaffner & Marx, and declined to comment on a lawsuit by HS&M. Philippe Vindry, president, Christian Dior Couture SA, declined to comment on ...
Healing the economy: 7 candidates - 7 prescriptions. (presidential candidates offer their views on economic policy; includes related article concerning the textile and clothing industries)
Mar 05, 1992 ... WASHINGTON (FNS) -- With the economy, consumer confidence and trade considered key issues across the country, retailers, and textile and apparel manufacturers have plenty at stake in this presidential election. Heading into Super Tuesday, March 10, Republican challenger Pat ...
K Mart posts gains in 4th quarter, year. (1991) (Brief Article)
Mar 05, 1992 ... TROY, Mich. (FNS) -- K mart Corp., helped by improved performance in its fashion business and the favorable impact of LIFO provisions, reported earnings rose 19.2 percent in the fourth quarter and 13.6 percent in the year. Profits in the three months ended Jan. 29 advanced to ...
The Limited to spend $50 mil on mall deal. ($50 million contract with O'Connor Group for investing in the purchase and upgrading of selected regional shopping centers) (Brief Article)
Mar 05, 1992 ... COLUMBUS, Ohio (FNS) -- The Limited, Inc., plans to invest up to $50 million in a plan to purchase and upgrade selected regional shopping centers. In an agreement with the O'Connor Group, a real estate investment management and development firm, The Limited will commit the ...
L.L. Bean to open in Japan. (Brief Article)
Mar 05, 1992 ... FREEPORT, Maine (FNS) -- L.L. Bean, Inc., has entered a joint venture with two Japanese giants to open Bean retail stores in Japan. Bean's Japanese partners are Seiyu Ltd. and Matsushita Electrical Industrial Co. Ltd. Seiyu is a supermarket and department store chain; ...
Landlord in deal to acquire Grafton. (Cadillac Fairview Corp. acquiring controlling interest in Grafton-Fraser Inc.) (Brief Article)
Mar 05, 1992 ... MONTREAL (FNS) -- Cadillac Fairview Corp., one of the largest landlords of financially troubled Grafton-Fraser, has agreed to acquire controlling interest in the 118-store men's wear chain. Glenn Stonehouse, chief operating officer and executive vice-president of Grafton-Fraser, ...