Advertisement
YOU ARE HERE: LAT HomeCollectionsEsmark
IN THE NEWS

Esmark

FEATURED ARTICLES
BUSINESS
June 10, 1986 | MARTHA GROVES, Times Staff Writer
Beatrice Cos. said Monday that it has agreed in principle to sell Esmark Inc., the parent company of Danskin and of Pennaco hosiery, to an investor group organized by Hero & Co., a private New York investment banking firm. Terms of the sale were not disclosed. Esmark's knitwear group includes such well-known brands as Danskin body wear and Round the Clock and Givenchy hosiery. The group has combined revenue of about $100 million, Beatrice said.
ARTICLES BY DATE
BUSINESS
August 7, 1986 | NANCY YOSHIHARA, Times Staff Writer
Revlon Inc. is expected to announce plans "imminently" to buy some of the other big names in the beauty business including Max Factor, Almay Cosmetics and Halston/Orlane fragrances, Wall Street sources said Wednesday. Max Factor and the others are now owned by Beatrice Cos. They would be acquired by Revlon in a complicated deal that also involves the spinoff of International Playtex, also owned by Beatrice. The purchase involves two of the biggest names in corporate takeovers in the last year.
Advertisement
BUSINESS
August 7, 1986 | NANCY YOSHIHARA, Times Staff Writer
Revlon Inc. is expected to announce plans "imminently" to buy some of the other big names in the beauty business including Max Factor, Almay Cosmetics and Halston/Orlane fragrances, Wall Street sources said Wednesday. Max Factor and the others are now owned by Beatrice Cos. They would be acquired by Revlon in a complicated deal that also involves the spinoff of International Playtex, also owned by Beatrice. The purchase involves two of the biggest names in corporate takeovers in the last year.
BUSINESS
June 10, 1986 | MARTHA GROVES, Times Staff Writer
Beatrice Cos. said Monday that it has agreed in principle to sell Esmark Inc., the parent company of Danskin and of Pennaco hosiery, to an investor group organized by Hero & Co., a private New York investment banking firm. Terms of the sale were not disclosed. Esmark's knitwear group includes such well-known brands as Danskin body wear and Round the Clock and Givenchy hosiery. The group has combined revenue of about $100 million, Beatrice said.
BUSINESS
October 18, 1985 | NANCY YOSHIHARA, Times Staff Writer
Kohlberg Kravis Roberts' offer to buy out Beatrice Cos. might be the beginning of the end of Beatrice as an independent food and consumer products company, according to some analysts. The Chicago-based firm, founded in 1894, received a formal written offer on Thursday from Kohlberg Kravis, a New York investment firm specializing in leveraged buy-outs. Kohlberg Kravis, which first made known its plans on Wednesday, offered $40 cash and $5 in preferred stock for each share of common stock.
BUSINESS
October 30, 1985 | Associated Press
A New York investment banking firm said Tuesday that it has added $218 million in securities to its offer to buy Beatrice Cos. and take the food and consumer products company private. Kohlberg Kravis Roberts & Co. said it raised its offer to $47 for each share of Beatrice common stock from its previous offer of $45 a share to total more than $5 billion. With 109 million common shares outstanding, Beatrice would fetch $5.
BUSINESS
January 2, 1986 | Associated Press
It was another year of trials and tribulations for the nation's business elite. But there was some good with the bad. Many of 1985's news makers were old hands, like Steven P. Jobs, Lee A. Iacocca and Ted Turner. New to the celebrity scene were Robert Fomon, Thomas Murphy and Ivan F. Boesky. The biggest feat of the year was Joseph Jamail's. The 60-year-old Houston lawyer persuaded a Texas jury to award $10.
BUSINESS
February 17, 1988
Susan Richter has been named president of Dance France, a bodywear fashion firm in New York. Richter previously was general manager and vice president. She became chief executive in 1986 when Dance France was acquired by Esmark Apparel Inc., which also owns Danskin, Repetto and Pennaco Hosiery.
BUSINESS
June 18, 1996 | Times Staff and Wire Reports
SunAmerica Buys 33% Stake in Danskin: The L.A.-based financial services company also warned that it may seek the authority to purchase more shares in New York-based Danskin Inc. SunAmerica Inc. acquired the Danskin stake from Esmark Inc. through a foreclosure sale, according to a Schedule 13D filed with the Securities and Exchange Commission. SunAmerica, a creditor of the bankrupt Esmark, purchased 2.01 million Danskin shares for $3 each, or a total of $6.03 million.
NEWS
October 1, 1985 | Associated Press
Beatrice Cos. said today that it plans to sell its Avis Inc. car rental agency and three other businesses as it continues to pare the debt from its 1984 acquisition of Esmark Inc. Avis, the nation's second-largest car-rental agency, posted a profit of $68 million for Beatrice in the second quarter. Beatrice said it also plans to sell Danskin, which makes clothing such as leotards and tights; Pennaco Hosiery, and International Jensen.
BUSINESS
January 2, 1986 | Associated Press
It was another year of trials and tribulations for the nation's business elite. But there was some good with the bad. Many of 1985's news makers were old hands, like Steven P. Jobs, Lee A. Iacocca and Ted Turner. New to the celebrity scene were Robert Fomon, Thomas Murphy and Ivan F. Boesky. The biggest feat of the year was Joseph Jamail's. The 60-year-old Houston lawyer persuaded a Texas jury to award $10.
BUSINESS
October 30, 1985 | Associated Press
A New York investment banking firm said Tuesday that it has added $218 million in securities to its offer to buy Beatrice Cos. and take the food and consumer products company private. Kohlberg Kravis Roberts & Co. said it raised its offer to $47 for each share of Beatrice common stock from its previous offer of $45 a share to total more than $5 billion. With 109 million common shares outstanding, Beatrice would fetch $5.
BUSINESS
October 18, 1985 | NANCY YOSHIHARA, Times Staff Writer
Kohlberg Kravis Roberts' offer to buy out Beatrice Cos. might be the beginning of the end of Beatrice as an independent food and consumer products company, according to some analysts. The Chicago-based firm, founded in 1894, received a formal written offer on Thursday from Kohlberg Kravis, a New York investment firm specializing in leveraged buy-outs. Kohlberg Kravis, which first made known its plans on Wednesday, offered $40 cash and $5 in preferred stock for each share of common stock.
BUSINESS
April 1, 1985
The Chicago-based company said it will report a pretax gain of about $655 million for the fourth quarter as a result of its previously announced sale of various businesses. The gain will be partly offset by a pretax charge of about $286 million for the expected costs of restructuring Beatrice Cos. since its merger with Esmark. The after-tax effect on net earnings is expected to be about $176 million, according to Beatrice.
BUSINESS
March 13, 1986
The food and consumer products company's new management would sell $1.45 billion in assets during Beatrice Cos.' first 18 months as a private entity, according to a statement filed with the SEC. Last month, Beatrice directors approved a $6.4-billion leveraged buy-out by the New York investment banking firm of Kohlberg Kravis Roberts & Co. and former Esmark Chairman Donald P. Kelly.
Los Angeles Times Articles
|