Article: Josephine Chaus opens wallet again to ease firm's losses. (Bernard Chaus Inc.)

NEW YORK - Josephine Chaus has done it again.

Staring at a loss of $29.7 million in the fourth quarter, Chaus - for the second time in the last fiscal year - reached deep into her own pocket and put $14.4 million back into Bernard Chaus Inc.

Half of that money will cover the expenses of signing Andrew Grossman, the new chief executive officer of the women's sportswear company.

Chaus said restructuring efforts are in place and she expects to see improvement in the bottom line in the first half of calendar '95. Bookings are 40 percent ahead of a year ago, the company said.

Gross - man former president of Jones Apparel Group, who, as ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!