86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
By
Reuters
Published
Jun 26, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

Hartmarx sold to Emerisque and SKNL North America

By
Reuters
Published
Jun 26, 2009

By Ian Sherr

CHICAGO, June 25 (Reuters) - A US bankruptcy judge in Chicago on Thursday 25 June approved the sale of apparel retailer Hartmarx to private equity firm Emerisque and SKNL North America.


Hartmarx

The sale is expected to close next month. A final price had not yet been disclosed.

The sale was approved after the parties signed an agreement in May for an expedited sales process of Hartmarx's assets for $70.5 million in cash and a junior secured note with a $15 million face value.

Hartmarx Chief Executive Homi Patel said after the decision and as he was leaving the court: "This is a terrific outcome for the workers-- all 3,000 of them."

The transaction was also praised by a state of Illinois official since it is set to keep 1,000 workers there employed. "This comes at a time when the state desperately needs living wage jobs," said State Treasurer Alexi Giannoulias.

Chicago-based Hartmarx, which has made suits for President Barack Obama, filed for bankruptcy on Jan. 23, citing substantial drop in demand for its products and inability to secure financing as the recession worsened.

On June 2, Bankruptcy Judge Bruce Black granted a motion designating Emerisque and SKNL so-called "stalking horse" bidders at Thursday (25 June)'s auction for the maker of Hart Schaffner Marx and Hickey Freeman clothing.. A stalking horse bidder sets the price floor for bidding in an auction.

Wells Fargo (WFC.N) , Wachovia, Western Glove Works, Burberry (BRBY.L), Hibernian Direct and a number of Hartmarx creditors had initially objected to the sale.

"It sounds like you have jobs to go back to," said Judge Bruce Black to some 30 Hartmarx employees who were in court on Thursday 25 June. (Reporting by Ian Sherr; editing by Carol Bishopric)

© Thomson Reuters 2024 All rights reserved.