CHICAGO -- The Chicago-based company that makes suits preferred by President Barack Obama has filed for bankruptcy. Hartmarx Corp. and its U.S. subsidiaries filed for Chapter 11 protection Friday. The company says its Canadian and other non-U.S. affiliates have not sought bankruptcy protection. Hartmarx makes business, casual and golf apparel under its own brands, including Hart Schaffner Marx. The company has arranged up to $160 million of debtor-in-possession financing and is seeking court approval to continue operating its business and paying employees. Hartmarx made a tuxedo, a topcoat and a suit for Obama's inauguration. The company also made the dark-navy custom-made suit Obama wore Election Night in Chicago.
© 2009 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.
|
