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Industry: Email Alert RSS FeedJudge adjourns Bidermann, Ralph Lauren hearing.(on Bidermann Industries USA's sale of its Ralph Lauren Womenswear license to Ralph Lauren)(Brief Article)
Daily News Record, September, 1995
NEW YORK (FNS) - 4 Wednesday bankruptcy court hearing to approve Bidermann Industries USA's sale of its Ralph Lauren Womenswear license back to Ralph Lauren was adjourned to Oct. 2.
A clerk of Bankruptcy Judge Tina L. Brozman, who is overseeing Bidermann USA's Chapter 11 reorganization, said the hearing was rescheduled because the judge had to take care of a "non-bancruptcy related emergency."
As reported, Ralph Lauren last month reached an agreement to buy back his license from Bidermann USA for between $40 million and $45 million.
Also Wednesday, Brent Garren, an attorney for UNITE, said Wednesday that he is "very optimistic" that the union can resolve its spat with Ralph Lauren prior to the Oct. 2 hearing date.
The union wants to ensure...
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