Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

http://ahweb.adsale.com.hk/t.aspx?unt=2354-STX15_TextileWorld
http://www.expoproduccion.mx/Content/Exhibitors/24/
http://www.textileservicesonline.com
http://ahweb.adsale.com.hk/t.aspx?unt=2396-ZhejiangTex14_TextileWorld
http://www.schlafhorst.saurer.com
http://www.textileworld.com/careers/index.html
http://www.textileworld.com/forms/mediakit.html
http://www.textileworld.com/forms/newsletter.html
September/October 2014 Sept/Oct 2014

View Issue  |

Subscribe Now  |

Events

10th International Conference on Geosynthetics
09/21/2014 - 09/25/2014
01/31/2014 - 01/31/2014

2014 URI Cotton Summit: The 21st Century Global Apparel VAlue Chain and Implications For US Cotton in the World Marketplace
09/22/2014 - 09/22/2014

Outlook™ 2014
09/24/2014 - 09/26/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

Malden Emerges From Chapter 11

Malden Emerges From Chapter 11Malden Mills Industries Inc., Lawrence, Mass., has emerged from Chapter 11 bankruptcy protection with its employee base of 1,200 workers intact.Malden Mills consensual plan of reorganization includes a three-year buyback option for CEO Aaron Feuerstein to retain control of the company. Feuerstein must exercise his option by a preset date, or a lender group led by General Electric Capital Corp. will hold majority ownership of Malden Mills. After that date, he will pay a higher price to regain control. As of Textile Worlds press time, Feuerstein had collected most of the funds needed and expected to exercise his option by the September 26 deadline, according to a Malden Mills spokesperson.This past year has been one of the most challenging in our companys history, Feuerstein said. I have often said that our employees are Malden Mills greatest asset. The way that we have overcome adversity to continue to innovate and manufacture high-quality Polartec® products has again proven our people to be world-class. I am looking forward to successfully emerging from Chapter 11 and expect our best days to lie ahead. October 2003




Advertisement

http://www.staubli.us/