Financial
Cone, Majestic Deal Seen As Lift to Both
NEW YORK -- The acquisition of Cone Mills' apparel corduroy business by Majestic Mills last month should be a good deal for both firms, according to executives from the two companies as well as industry analysts.
The move gets Cone out of...
— Jan 18, 1994
Arnault Denies Rumors of For-Sale Sign on Celine
PARIS -- The principals of Celine have denied reports in the Paris press that the firm is up for sale. "This rumor has no foundation. It's completely untrue," insisted Bernard Arnault, whose holding company, Financiere Agache, controls Celine. Arnault...
— Jan 18, 1994
Quake Exacts Toll On Stores in Los Angeles
LOS ANGELES -- The devastating 6.6 magnitude earthquake here that claimed at least 24 lives Monday wreaked havoc on retailers, particularly at Northridge Fashion Center, which is close to the temblor's epicenter in the San Fernando...
— Jan 18, 1994
Hermes Reports December Sales Rise Strongly
PARIS -- Hermes International scored a provisional 20 percent increase in consolidated sales in December, compared with December 1992, and Hermes store sales for the month jumped 18 percent.
Exact figures will not be disclosed until March,...
— Jan 18, 1994
Weekly Stock Index
NEW YORK -- The Women's Wear Daily stock index rose 2.01 percent in the week ending January 14, outpacing a robust broader market. The largest percentage gainers on the WWD index were Carter Hawley Hale Inc., jumping 16 percent, and Bradlees Inc.,...
— Jan 18, 1994
Analyst: Federated Can't Lose
NEW YORK -- At least one Wall Street analyst who's examined Federated Department Stores' strike at R.H. Macy & Co. feels it's a good deal for the Cincinnati-based organization as both a merger and a simple investment.
Michael Exstein, of...
— Jan 18, 1994
W&L Files For Bankruptcy
NEW YORK -- Woodward & Lothrop, one of the last over-leveraged retailers to remain outside the bankruptcy courts, finally succumbed to its debt load and entered Chapter 11 proceedings Monday.
This confirms reports in these columns on Jan....
— Jan 18, 1994
