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Article: Family-owned - it isn't out of style; many men's firms continue the tradition from generation to generation.
- Article from:
- Daily News Record
- Article date:
- May 20, 1996
- Author:
CopyrightCOPYRIGHT 1996 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)
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NEW YORK - Apparel stocks may be a hot topic on Wall Street right now, but there stir are plenty of privately owned family-run businesses that are playing important roles m men's wear
Not too many years ago almost all of the industry was in the hands of family- run companies, but since the '60s there has been a steady move to consolidate into big public corporations. Even though occasionally a family has bought its business back from a conglomerate, for the most part it has been a one-way street.
But bigness and family operations are not completely divergent. In fact, total ownership of the world's biggest apparel company, Levi Strauss & Co., has recently ...