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Article: Sara Lee closing Mark Cross division.(Brief Article)
- Article from:
- Daily News Record
- Article date:
- August 29, 1997
- Author:
CopyrightCOPYRIGHT 1997 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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Mark Cross, the 152-year-old luxury leather goods company is being closed only four years after it was purchased by Sara Lee Corp. and six months after the company had been put up for sale but found no buyer. The name, however, is being retained.
"Naturally I feel sad because of the effort that has gone into building the Mark Cross brand," said Lew Frankfort, CEO of Mark Cross as well as leather goods maker Coach, another Sara Lee-owned brand. "We'll be phasing the busi- ness out over the next six months." Frankfort said the future of each of the six Mark Cross retail stores, one outlet store ...