|
|
Article: Leslie Fay tells analysts it aims to exit Chapter 11 within a year.
- Article from:
- WWD
- Article date:
- April 7, 1993
CopyrightCOPYRIGHT 1993 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK -- Damage control at The Leslie Fay Cos. was in high gear Tuesday.
The troubled company, which abruptly filed a Chapter 11 petition on Monday, told Wall Street analysts it hopes to emerge from bankruptcy proceeding within 12 months, according to sources.
A handful of Leslie Fay executives, including chairman and chief executive officer John J. Pomerantz, spent much of Tuesday morning fielding questions during a conference call with analysts in an effort to allay fears.
In addition, Pomerantz said he has been contacting Leslie Fay's top retail customers to address their questions.
The company, whose bankruptcy filing was ...