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Article: LEGBEAT.(Arrowood Mills Inc. files for bankruptcy)(Brief Article)(Statistical Data Included)
- Article from:
- WWD
- Article date:
- November 29, 1999
CopyrightCOPYRIGHT 1999 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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ARROWOOD FALTERS: Arrowood Mills filed Chapter 11 Nov. 15 earlier this month in Winston-Salem, N.C.
Last year, the 72-year-old company was purchased by Duyer/Martin, a holding company, but the new owners were challenged by the sheer market's lackluster sales, according to Matthew Owens, executive vice president. Arrowood's sales of sheers slipped by 15 percent in the past year, he said. Owens said Arrowood has ceased operations and is ...