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BUSINESS
December 8, 1989 | From Associated Press
L. J. Hooker Corp., which tried unsuccessfully to sell its B. Altman & Co. department store chain, on Thursday said it wants to find buyers for two other retailers, Bonwit Teller and Sakowitz. The proposed sale of Bonwit Teller reverses Hooker's previous plan to retain the century-old 16-store upscale chain.
BUSINESS
December 8, 1989 | From Associated Press
L. J. Hooker Corp., which tried unsuccessfully to sell its B. Altman & Co. department store chain, on Thursday said it wants to find buyers for two other retailers, Bonwit Teller and Sakowitz. The proposed sale of Bonwit Teller reverses Hooker's previous plan to retain the century-old 16-store upscale chain.
BUSINESS
June 16, 1986
Robert Sakowitz, chairman and president of the Houston-based specialty retailer, which is being reorganized under the protection of Chapter 11 of the federal bankruptcy code, said the company is "open to discussion on offers of equity infusion and any other discussions someone may want to make." In May, the company lost $124,000 on $1.8 million in sales, he said, adding that the loss had been projected at $208,000.
NEWS
September 30, 1988 | ROSE-MARIE TURK, Times Staff Writer
In a word: Pants. That was the overwhelming look at this week's marathon fashion shows featuring about 80 California designers. Spring '89 collections presented by the California Mart were not only loaded with trousers (the fuller and more high-waisted, the better), they were filled with the most self-assured, sophisticated clothes to date from local designers.
BUSINESS
August 10, 1989 | MARTHA GROVES, Times Staff Writer
Sanford C. Sigoloff, the peripatetic turnaround artist who rescued Wickes Cos. only to surrender the company to new owners four years later, on Wednesday took over management of L. J. Hooker Corp.'s troubled U.S. retail chains. The announcement was made as the U.S. unit of Australia-based Hooker Corp. filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code. L. J. Hooker operates about 100 specialty apparel and jewelry stores that last year had sales of $550 million.
BUSINESS
June 16, 1986
Robert Sakowitz, chairman and president of the Houston-based specialty retailer, which is being reorganized under the protection of Chapter 11 of the federal bankruptcy code, said the company is "open to discussion on offers of equity infusion and any other discussions someone may want to make." In May, the company lost $124,000 on $1.8 million in sales, he said, adding that the loss had been projected at $208,000.
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