Retail Industry
Industry: Email Alert RSS FeedTexas investors to buy Alan Flusser; plan to take over company within 2 to 3 months. (Alan Flusser Enterprises Inc.)
Daily News Record, May, 1993 by Auerbach, Jonathan; Gellers, Stan
A group of anonymous investors from Texas will purchase Alan Flusser's financially troubled retail/designer business. Both AFI Corp, the holding company owning the operating company's securities, and the operating company, Alan Flusser Enterprises Inc, filed for the protection of Chapter 11 in May 1993. The Texas investors will offer $300,000 interim financing to the firm, and the purchase will settle $1.5 million in trade claims.
Plan to take over company within 2 to 3 months
NEW YORK -- Alan Flusser's troubled design/retail operation will be sold to a group of Texas investors within the next two to three months.
As reported, Alan Flusser Enterprises, Inc., the actual operating company, and AFI Corp., the holding company that owns the stock of the...
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