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Jordache Enterprises Inc

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BUSINESS
January 21, 1990 | JIM SCHACHTER, TIMES STAFF WRITER
As boys growing up in the '50s, the Marciano brothers shared a cot in the kitchen of the Marseille synagogue where their father was the rabbi. Like stock characters in the movies of their youth, they were street urchins with hearts of gold--savvy, intensely close, in a rush to succeed, but always home Friday nights for Sabbath dinner.
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NEWS
May 31, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
In a surprise ending to a vicious and far-reaching legal brawl, the warring owners of the Guess and Jordache jeans empires reached a settlement Wednesday that restores full ownership of Guess to the Marciano brothers of Beverly Hills. The Marcianos' longtime foes--brothers Joe, Avi and Ralph Nakash of New York, owners of Jordache--in return won an undisclosed share of $106 million in Guess profits set aside in a frozen account.
BUSINESS
June 4, 1990 | STUART SILVERSTEIN and JIM SCHACHTER, TIMES STAFF WRITERS
Now that the owners of jeans giants Guess and Jordache have patched up their legal differences, they are free to bury the ugly memories of 6 1/2 years of brutal corporate warfare. In fact, the Marciano brothers of Guess and the Nakash brothers of Jordache say they settled their dispute so that they could devote full attention to their apparel businesses.
BUSINESS
December 20, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
The Great Jeans War is raging, with Guess and Jordache locked in a desperate, bitter struggle. It has nothing to do with fashion or to see who can dominate department store shelves. This battle is for control of Guess, a fabulously profitable company that is riding the edge of jeans fashion with multiple-zippered, stone-washed, tight-fitting denim goods, the essence of '80s casual chic.
BUSINESS
June 1, 1990 | JIM SCHACHTER, TIMES STAFF WRITER
The legal battle that wouldn't die is heading back to court. After 6 1/2 years and $80 million in legal fees, the war over ownership of Los Angeles-based Guess clothing--otherwise settled Wednesday when the company's feuding owners agreed to a multimillion-dollar truce--will go back before a judge to determine whether a partially completed jury verdict form should be read or destroyed.
BUSINESS
March 23, 1989 | JESUS SANCHEZ, Times Staff Writer
The creators of Guess jeans on Wednesday claimed a major legal victory in a bitter, multimillion-dollar feud to regain control of the company from the owners of Jordache jeans. After five days of deliberation, a Los Angeles County Superior Court jury supported claims by the Marciano family--four brothers from Beverly Hills who founded Guess--that the owners of Jordache bought 51% of their firm with the intent of stealing its designs. The verdict, however, does not resolve the case.
NEWS
July 26, 1989 | ROBERT A. ROSENBLATT, Times Staff Writer
Dozens of tax evaders in Los Angeles have been given protection against criminal prosecution for the last 11 years in a unique program in which they made anonymous payments to the Internal Revenue Service and placed tax returns in secret safe deposit boxes, investigators told a congressional hearing Tuesday. The Los Angeles office approved the unprecedented amnesty-type program without permission from Washington, an investigator said.
BUSINESS
June 4, 1990 | STUART SILVERSTEIN and JIM SCHACHTER, TIMES STAFF WRITERS
Now that the owners of jeans giants Guess and Jordache have patched up their legal differences, they are free to bury the ugly memories of 6 1/2 years of brutal corporate warfare. In fact, the Marciano brothers of Guess and the Nakash brothers of Jordache say they settled their dispute so that they could devote full attention to their apparel businesses.
BUSINESS
January 13, 1990 | ROBERT A. ROSENBLATT, TIMES STAFF WRITER
The Treasury Department's inspector general will establish a special independent force of 21 investigators to probe allegations of corruption and misconduct by high-ranking officials at the Internal Revenue Service, officials said Friday. The top levels of the IRS will be policed for the first time by persons outside the agency's own ranks, an outgrowth of congressional hearings last year on scandals involving the Los Angeles criminal investigation division of the IRS.
BUSINESS
June 1, 1990 | JIM SCHACHTER, TIMES STAFF WRITER
The legal battle that wouldn't die is heading back to court. After 6 1/2 years and $80 million in legal fees, the war over ownership of Los Angeles-based Guess clothing--otherwise settled Wednesday when the company's feuding owners agreed to a multimillion-dollar truce--will go back before a judge to determine whether a partially completed jury verdict form should be read or destroyed.
BUSINESS
May 31, 1990 | JIM SCHACHTER, TIMES STAFF WRITER
It was, perhaps, the only way that this lawsuit could have ended. After a 6 1/2-year legal free-for-all, the Marciano brothers, creators of Guess jeans, won back full control Wednesday of that garment industry gold mine from their archenemies, the Nakash brothers, founders of Jordache.
NEWS
May 31, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
In a surprise ending to a vicious and far-reaching legal brawl, the warring owners of the Guess and Jordache jeans empires reached a settlement Wednesday that restores full ownership of Guess to the Marciano brothers of Beverly Hills. The Marcianos' longtime foes--brothers Joe, Avi and Ralph Nakash of New York, owners of Jordache--in return won an undisclosed share of $106 million in Guess profits set aside in a frozen account.
BUSINESS
February 26, 1990 | From United Press International
Guess? vs. Jordache Trial Begins: A bitter dispute between two rival jeans makers went to trial in Superior Court on Tuesday. The four Marciano brothers who created the trendy jeans of the 1980s at Guess? Inc. seek damages from the three Nakash brothers, founders of Jordache Enterprises Ltd. In an earlier trial, a jury found the Marcianos and Guess were defrauded in a 1983 partnership agreement signed with the Nakashes. This jury will determine if damages are owed to the Marcianos.
BUSINESS
January 21, 1990 | JIM SCHACHTER, TIMES STAFF WRITER
As boys growing up in the '50s, the Marciano brothers shared a cot in the kitchen of the Marseille synagogue where their father was the rabbi. Like stock characters in the movies of their youth, they were street urchins with hearts of gold--savvy, intensely close, in a rush to succeed, but always home Friday nights for Sabbath dinner.
BUSINESS
January 13, 1990 | ROBERT A. ROSENBLATT, TIMES STAFF WRITER
The Treasury Department's inspector general will establish a special independent force of 21 investigators to probe allegations of corruption and misconduct by high-ranking officials at the Internal Revenue Service, officials said Friday. The top levels of the IRS will be policed for the first time by persons outside the agency's own ranks, an outgrowth of congressional hearings last year on scandals involving the Los Angeles criminal investigation division of the IRS.
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