Laws International Holdings Ltd

The parent of Judy's Inc., a Van Nuys-based operator of 102 apparel stores in the Western United States, is negotiating to sell the 46-year-old chain, Judy's president said Friday. Laws International Holdings Ltd., a Hong Kong textile and clothing store concern that bought Judy's for $31 million in 1989, has held talks the past two weeks with four prospective buyers, said Judy's president, Alan Reed. He declined to identify the suitors.

The parent of Judy's Inc., a Van Nuys-based operator of 102 apparel stores in the Western United States, is negotiating to sell the 46-year-old chain, Judy's president said Friday. Laws International Holdings Ltd., a Hong Kong textile and clothing store concern that bought Judy's for $31 million in 1989, has held talks the past two weeks with four prospective buyers, said Judy's president, Alan Reed. He declined to identify the suitors.

Judy's Inc., a Van Nuys-based operator of 94 apparel stores in the western United States, has filed for reorganization under federal bankruptcy laws, Judy's president said Thursday. The privately held company thus becomes the latest casualty in retailing, where the recession--combined with excessive debt burdens in some cases--has forced such giant chains as R. H. Macy & Co. to seek protection from their creditors.