By and  on January 20, 2009

Hartmarx Corp., on the verge of perhaps the biggest promotional coup in its 125-year history, is also facing a serious credit crunch that could threaten the company’s solvency.

As Barack Obama prepared to take the Presidential oath today and then attend the evening festivities clad in a Hart Schaffner Marx single-button, notch-lapel tuxedo, executives of the Chicago-based firm have been rushing to make new credit arrangements after a number of major banking partners cut the company’s credit lines.

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