The Hartmarx Corporation, the bankrupt suit maker, won court approval on Thursday to sell itself to the British private equity firm Emerisque Brands, Representative Phil Hare, Democrat of Illinois, said in a statement.
The sale to Emerisque and its partner, SKNL North America, was approved by Judge Bruce W. Black in Federal Bankruptcy Court in Chicago. [...]
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Hartmarx's board is expected on Thursday to choose Emerisque, a private investment firm in London, as the buyer it prefers to bring the company, a maker of men's suits, out of bankruptcy. Read Post
A group of banks led by Wells Fargo said Friday that it opposed a $119 million bid by the British private equity firm Emerisque Brands for the bankrupt men's clothier Hartmarx, saying the offer failed to provide adequate value to Ha... Read Post