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January 11, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Campeau Corp. passed an important financial test Wednesday, but its two troubled department store divisions came under mounting pressure to file a landmark bankruptcy case. The company's Allied Stores and Federated Department Stores operations gave some comfort to the battered apparel industry and other retail suppliers when they announced that they were paying bills that had come due for roughly $100 million in Christmas merchandise.
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BUSINESS
January 11, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Campeau Corp. passed an important financial test Wednesday, but its two troubled department store divisions came under mounting pressure to file a landmark bankruptcy case. The company's Allied Stores and Federated Department Stores operations gave some comfort to the battered apparel industry and other retail suppliers when they announced that they were paying bills that had come due for roughly $100 million in Christmas merchandise.
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