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Jeff Siegel

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Fashion Features

Creditors’ Comittee Backs Barneys in Squabble on Rent

NEW YORK — Barneys found an ally Tuesday in its battle with Isetan Co. Ltd., its Tokyo-based partner.

The retailer’s creditors’ committee has asked the court to stop Barneys’ roughly $2 million in monthly rent payments on three flagship stores…

clock January 31, 1996Rich Wilner and Jeff Siegel

Fashion Features

Court OK’s Federated-Macy Merger

NEW YORK — The merger of Federated Department Stores and R.H. Macy & Co. is one step closer to reality following Bankruptcy Judge Burton R. Lifland’s decision Thursday to approve the union.

The approval was expected since all of the major…

clock September 9, 1994Jeff Siegel

Financial

Judge OK’s Leslie Fay on Compensation Plan

NEW YORK — After waiting a day to hear the testimony of Michael J. Babcock, president and chief operating officer of The Leslie Fay Cos., a bankruptcy judge Thursday approved the company’s incentive compensation plan for four of its top…

clock July 1, 1994Jeff Siegel

Financial

Leslie Fay Exec Pay Plan Runs into Stiff Battle

NEW YORK — The Leslie Fay Cos. will continue the bankruptcy court fight for its incentive compensation plan today, after running into unexpectedly tough opposition Wednesday.

The company, which has been in Chapter 11 since April 1993, asked…

clock June 30, 1994Jeff Siegel and Arthur Friedman

Financial

Court Rules Leslie Fay-ILGWU Pact Unenforceable

NEW YORK — The Leslie Fay Cos. scored a victory in its battle with the ILGWU Tuesday, when a bankruptcy judge here ruled the apparel manufacturer did not have to maintain 1,000 jobs at several plants through May 1995.

In a 23-page opinion,…

clock June 22, 1994Rosemary Feitelberg and Jeff Siegel

Financial

Leslie Fay Results Fall Behind Plan; ILGWU Strike Preparations Blamed

NEW YORK — The Leslie Fay Cos., locked in battle with the ILGWU, said operating results for the four months ended April 30 ran “a little behind” projections in its three-year business plan and that it might have to “fine tune” the plan down the…

clock June 7, 1994Jeff Siegel

Financial

8 PA. Representatives Press Reno, SEC on Leslie Fay Case

NEW YORK — Congressman Paul E. Kanjorski (D, Pa.), who represents the district where The Leslie Fay Cos. has its headquarters and factories, is leading an effort to have the Justice Department and the Securities and Exchange Commission deliver…

clock May 31, 1994Arthur Friedman and Jeff Siegel

Beauty Features

Vanilla Fields Draws a Herd of Competitors

NEW YORK — More and more mass fragrance marketers want to graze in Coty’s Vanilla Fields.

The phenomenal success of Vanilla Fields — the brand has become the top-selling scent for many chains such as Kmart Corp. and PayLess and is expected to…

clock May 27, 1994Faye Brookman and Jeff Siegel

Financial

Federated Plans to Keep Pitching Macy Creditors

NEW YORK — Federated Department Stores said Sunday that although Burton R. Lifland, chief bankruptcy judge, has specifically directed R.H. Macy & Co. to file its reorganization plan, Federated will continue to meet with Macy’s…

clock May 23, 1994David Moin and Jeff Siegel

Financial

Dabahs Get 3 Years Probation

NEW YORK — Isaac and Haim Dabah, co-founders and former top executives of Gitano Group, were each sentenced by a federal judge Wednesday to three years probation for their part in a scheme to avoid import quotas on women’s blouses.

Judge…

clock May 19, 1994Jeff Siegel

Financial

New Incentive Plan at Leslie Fay Could Double Some Exec’s Salaries

NEW YORK — Four senior officers at The Leslie Fay Cos. could double their wages under a new employee incentive compensation and retention plan put forth by the company.

The plan, which must be approved by Bankruptcy Judge Tina Brozman before…

clock May 3, 1994Jeff Siegel

Financial

Leslie Fay Will Seek to Shrink Credit Facility

NEW YORK — The Leslie Fay Cos., citing its “significant progress in achieving profitability,” said it will seek bankruptcy court approval to reduce its credit facility by 33 percent.

The new arrangement would lessen the amount of borrowings to…

clock April 19, 1994Jeff Siegel

Financial

New Lawsuit Seeks to Oust Woolworth Board of Directors

NEW YORK — Senior officials at beleaguered Woolworth Corp. were named in yet another lawsuit on Friday, this one aimed not only at collecting monetary damages but at ousting the company’s board of directors.

In a complaint filed in Federal…

clock April 11, 1994Jeff Siegel

Financial

Several Factors Put Freeze on Woolworth

NEW YORK — Several factoring firms Thursday put a hold on shipments to Woolworth Corp. in the wake of the retailer’s announcement Wednesday regarding “accounting irregularities.” Woolworth has said it will restate its financial results for the year…

clock April 1, 1994Jeff Siegel and Rich Wilner

Financial

Macy Holders Won’t Have Payout Input

NEW YORK — R.H. Macy & Co. shareholders will not have a seat at the table when the chain negotiates payouts.

Bankruptcy Court Judge Burton R. Lifland on Thursday ruled against the Ad Hoc Equity Committee’s efforts to gain formal…

clock April 1, 1994Jeff Siegel

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