By and  on January 27, 2009

Congress may mull over the new president’s economic stimulus package for weeks, but Hartmarx Corp., whose suits have become a favorite of Barack Obama, is scrambling to assemble a rescue plan of its own after filing for voluntary Chapter 11 bankruptcy late last Friday.


The venerable producer of Hart Schaffner Marx and Hickey Freeman, which has been producing tailored clothing since 1872, began work on two major tasks Monday — first, locating a buyer for the ailing company, and second, trying to calm the market’s concerns about its near-term ability to produce and ship product.

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