Sidney Rutberg

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Federated-Macy’s tells Court Sales will Hit $17.5B by 1998

NEW YORK — The combination of Federated Department Stores and R.H. Macy & Co. will produce a department store giant with sales of $17.5 billion and cash flow of $2.1 billion by 1998, according to projections filed in bankruptcy court…

clock September 1, 1994Sidney Rutberg and Rich Wilner


Westpoint Stevens Secures Receivables to Cut Cash Cost

NEW YORK — WestPoint Stevens has gone through a series of restructurings, including a bankruptcy, and its credit standing is less than prime.

Yet it recently raised $133 million at the same low interest cost as a top-rated company.


clock June 27, 1994Sidney Rutberg


David Golden Conter-Sues Donna Karan

NEW YORK — David M. Golden, the financial officer summarily fired from his $370,000-a-year job by The Donna Karan Co. in April, filed a $12.5 million lawsuit against the company and its partners Monday, charging slander and breach of contract and…

clock June 7, 1994Sidney Rutberg


Is Donna In Distress?

NEW YORK — “Ninety-five percent of the rumors are false, and five percent are lies.”

So says Stephan Weiss, co-chief executive of The Donna Karan Co., and the designer’s husband.

Weiss was addressing a spate of rumors circulating in the…

clock June 3, 1994Sidney Rutberg and Lisa Lockwood


FTC Asks Federated, Macy’s for Info on Operations

 NEW YORK — Federated Department Stores’ attempted takeover of R.H. Macy has caught the eye of the Federal Trade Commission.

The FTC, in what sources said Friday could be the start of an antitrust probe, sent out letters to Federated and…

clock May 31, 1994David Moin and Sidney Rutberg


Karan Likely to Stay Private in Refinancing

NEW YORK — Donna Karan Corp. has apparently abandoned plans for a public offering and instead will refinance the company through a private placement.

The company has retained the investment banking firm of Benedetto, Gartland & Greene, a…

clock May 16, 1994Sidney Rutberg and Janet Ozzard

Fashion Features

VF’s Chairman in Key Post at Claiborne

NEW YORK — Making a long-awaited move to fortify its top management, Liz Claiborne Inc. said Friday it has named Paul R. Charron, executive vice president of VF Corp., as vice chairman and chief operating officer.

Charron, 51, who will report…

clock April 25, 1994Sidney Rutberg


Investors Said Prepared to Put Money Behind Macy’s Plan

NEW YORK — While the R.H. Macy & Co. board continues debating the company’s future, some investors are prepared to put in new money to help finance a reorganization plan, according to one of its directors.

While specific figures are not…

clock April 19, 1994Sidney Rutberg


Malden Mills Finds Help for Smoother Exporting

NEW YORK — The export business has often been considered a hassle by U.S. companies that preferred the simplicity of selling domestically in a huge market.

The problems of dealing in foreign currencies, customs regulations, letters of credit…

clock April 18, 1994Sidney Rutberg


Macy’s Chapter 11: Creditors Seen Delaying Exit for More Value

NEW YORK — With R.H. Macy & Co. showing improvements in sales and earnings, bondholders and preferred shareholders are expected to renew their push to delay the firm’s exit from Chapter 11.

At the same time, Macy’s creditors began meeting…

clock April 12, 1994Sidney Rutberg and Rich Wilner


Trade Creditors Puzzled Over Macy’s Payout

NEW YORK — Confusion over what kind of payout trade creditors will get under a plan outlined by R.H. Macy & Co. was reflected in a huge spread Friday between the bid and offering price for the embattled chain’s unsecured claims.

The Macy…

clock March 28, 1994Sidney Rutberg


Jury is Still OUt on Macy’s Ability to Keep Up Pace

NEW YORK — Although R.H. Macy & Co. reported healthier figures for its second quarter and for February, many observers were wondering Wednesday whether the chain can sustain the momentum.

The upbeat numbers, reported this week, could give…

clock March 17, 1994David Moin and Sidney Rutberg


Leslie Fay Reportedly Sees ’96 Sales Hitting $855M

NEW YORK — The Leslie Fay Cos. expects to increase its sales to $855 million in 1996 from $665 million expected this year with profits growing proportionately.

The forecasts were given to the Leslie Fay creditors’ committee at a closed meeting…

clock March 3, 1994Sidney Rutberg


Macy’s Facing a Crucial Test in Courtroom

NEW YORK — It’s getting close to crunch time for the bankrupt R.H. Macy & Co.

At 2 p.m. today, a hearing starts on Macy’s request for an extension of the March 15 deadline for proposing a reorganization plan.

Meanwhile, Myron E….

clock February 22, 1994Sidney Rutberg and David Moin


Barneys Again Falls From Grace at Some Factors

NEW YORK — Although Barneys New York insists it is financially sound, with a very strong Christmas in its pocket, a number of factoring firms are still refusing to approve shipments to the chain.

Factoring executives’ complaints haven’t…

clock February 16, 1994Sidney Rutberg

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