By and  on October 21, 2012

Will it work the second time around?

That is the question hanging over HMX Group and its related operations, which on Friday filed a voluntary Chapter 11 petition for bankruptcy court protection in Manhattan — the second time in four years the company has gone into bankruptcy. While a deal is in place that could keep factory jobs in the U.S., there’s no guarantee that plan will come to fruition and, if it doesn’t, the venerable men’s wear brand could once again find itself a political issue in a presidential election race centered around the economy and American jobs. Both President Obama and challenger Mitt Romney are known to wear the firm’s brands.

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