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BUSINESS
December 26, 1991 | From Times Staff and Wire Reports
Connecticut Tentatively OKs Aid to Remington: Connecticut tentatively approved $15 million in financial aid for Remington Products Inc., whose owner, Victor Kiam, is weighing the sale of the company, based in Bridgeport, Conn. Kiam is also majority owner of the New England Patriots football team, but needs to get his hands on $38 million to buy out a minority owner or lose control of the team.
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BUSINESS
December 26, 1991 | From Times Staff and Wire Reports
Connecticut Tentatively OKs Aid to Remington: Connecticut tentatively approved $15 million in financial aid for Remington Products Inc., whose owner, Victor Kiam, is weighing the sale of the company, based in Bridgeport, Conn. Kiam is also majority owner of the New England Patriots football team, but needs to get his hands on $38 million to buy out a minority owner or lose control of the team.
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SPORTS
September 29, 1990 | Associated Press
Disgruntled running back Mike Rozier wants to join his former coach Jerry Glanville in Atlanta, and the Houston Oilers are trying to appease those wishes. "We'd like to trade Mike," Oiler General Manager Mike Holovak said. "I think it would be good for him. He wants to play football and it would be an opportunity for him to play." The Oilers are reportedly seeking a conditional draft choice for Rozier, the 1983 Heisman Trophy winner from Nebraska.
SPORTS
September 29, 1990 | Associated Press
Disgruntled running back Mike Rozier wants to join his former coach Jerry Glanville in Atlanta, and the Houston Oilers are trying to appease those wishes. "We'd like to trade Mike," Oiler General Manager Mike Holovak said. "I think it would be good for him. He wants to play football and it would be an opportunity for him to play." The Oilers are reportedly seeking a conditional draft choice for Rozier, the 1983 Heisman Trophy winner from Nebraska.
BUSINESS
May 29, 1990 | JILL ARABAS, ASSOCIATED PRESS
Victor Kiam once got so excited watching a football play that he knocked himself unconscious and speared his hand on a tennis trophy. He probably won't be doing that again. The New England Patriots' owner and entrepreneur, known for trying to buy businesses he likes, says he's still enthusiastic about his favorite spectator sport and the team he acquired two years ago. But after last year's dismal season, he's containing his expectations.
BUSINESS
October 12, 1996 | Times Staff and Wire Reports
Bankruptcy Judge Allows Kiwi to Continue Operating: Kiwi International Air Lines will stay in the sky until at least Tuesday while a judge ponders a financing plan for the troubled carrier proposed by Victor Kiam, owner of Remington Products Inc. Following a day of closed-door conferences, U.S. Bankruptcy Judge Rosemary Gambardella authorized Kiwi to keep flying until a hearing on the plan Tuesday and maybe later.
SPORTS
October 11, 1991 | From Staff and Wire Reports
The deadline for New England Patriot owner Victor Kiam to make a $38-million payment to buy out minority owner Fran Murray passed without resolution, leaving the ownership issue in the hands of the NFL, according to Murray. The ownership contract, signed when Kiam and Murray bought the Patriots from founder William Sullivan three years ago, provided that Kiam had until Oct. 10, 1991, to come up with the money.
BUSINESS
November 1, 1990 | Times Wire Services
Victor Kiam, owner of Remington Products Inc., has been charged with misleading advertising. Also charged are Remington Products Canada of Mississauga, Ontario, and Grey Advertising of Toronto. The charges under Canada's Competition Act deal with commercials aired in 1987 and 1988 for the Micro Screen Ultimate Electric Shaver. One charge alleges that the commercials make performance claims without adequate substantiation.
BUSINESS
April 3, 1990 | From Associated Press
A group that includes a former Bonwit Teller chief executive plans to bid $35 million to acquire most of the department store chain, a federal bankruptcy court hearing was told Monday. William Ruben, Bonwit Teller's president and chief executive for much of the 1980s, is among a team that intends to offer $13 million for 13 stores in the 16-store chain and $22 million for inventory, mostly apparel. Sheldon Hirshon, an attorney for Bonwit Teller's parent company, L.J. Hooker Corp.
BUSINESS
October 16, 1996 | From Associated Press
Kiwi International Air Lines said Tuesday that it was grounding itself and will shut down next week if it doesn't find an investor to keep it running through bankruptcy reorganization. The airline had slashed its work force and schedule since entering Chapter 11 bankruptcy court protection Sept. 30. It twice staved off a shutdown this month as it struggled to arrange a multimillion-dollar infusion of cash. U.S.
BUSINESS
May 29, 1990 | JILL ARABAS, ASSOCIATED PRESS
Victor Kiam once got so excited watching a football play that he knocked himself unconscious and speared his hand on a tennis trophy. He probably won't be doing that again. The New England Patriots' owner and entrepreneur, known for trying to buy businesses he likes, says he's still enthusiastic about his favorite spectator sport and the team he acquired two years ago. But after last year's dismal season, he's containing his expectations.
SPORTS
August 15, 1989 | DAVID LIGHTMAN, Hartford Courant
Connecticut has two rich dreamers owning pro football and hockey teams. Richard H. Gordon, principal owner of the Hartford Whalers, and Victor K. Kiam II, principal owner of the New England Patriots, both took over their clubs within the past nine months. The Kiams and Gordons are the types of owners sport may see in the 1990s, because both have that blend of personal drive and financial resources necessary to run a team. They love, even thrive on, the personal challenge.
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