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Article: Outlets for Tension; Prime Retail's Malls Need to Produce to Pay for Last-Minute Rescue
- Article from:
- The Washington Post
- Article date:
- January 15, 2001
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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After last-ditch financing rescued his company from the brink of
bankruptcy last month, Prime Retail Inc. Chairman Glenn Reschke
decided to recognize the entire 1,000-person workforce as a
collective Employee of the Year.
At a Christmas party just days after the financing came through,
he whisked a cloth off a commemorative plaque -- and accidentally
knocked it to the floor and broke it.
"I hope that's not an omen," Reschke said with a laugh in a recent
interview at his headquarters overlooking Baltimore's Inner Harbor.
Omen or not, the incident was a fitting symbolic end to a year in
which little went as planned for the nation's largest owner of outlet
malls. Prime Retail's seemingly ...
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