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Article: SARA LEE TO CLOSE LEATHER GOODS FIRM
- Article from:
- Post-Tribune (IN)
- Article date:
- August 27, 1997
CopyrightCopyright, 1997, Post-Tribune. All rights reserved. REPRODUCTION PROHIBITED. (Hide copyright information)
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THIS ELECTRONIC VERSION MAY DIFFER SLIGHTLY FROM THE PRINTED VERSION.
BUSINESS BRIEFLY
New York - Sara Lee Corp. wil shut down its Mark Cross leather-goods business and its seven stores by February after failing to find a buyer for the unit.
The closing comes four years after Sara Lee bought the 152-year-old maker of handbags and briefcases, and six months after the Chicago-based company started seeking a buyer for it.
Sara Lee acquired Mark Cross, whose goods also are sold at some department stores, to fill a higher-end market than its Coach line was reaching, the company said. However, Coach has appealed more and more to Mark Cross customers.
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