Officer stopped KS 992BBB at 1200 Highland St. Verbal warning was issued for defective tail light in 10 E 12th.
Officer stopped bicyclist in Sector 6. Verbal warning was issued for a one-way violation.
Scott Gdanski checked out his shotgun from ESU PD HQ.
Scott Gdanski checked in his shotgun at ESU PD HQ.
Officer stopped KS 812BSG in 1800 Highland block. Verbal warning was issued for Failing To Stop at a Stop Sign at Morse Dr. and Highland. Citation for no POI.
Officer found several CD’s labeled as property of ESU beside a garbage bin at ESU Apt. building ‘F’. Items were brought to ESU PD HQ for storage.
Officer assisted Emporia Police Dept. with a call in the vicinity of 12th and Sylvan.
Officer assisted Emporia Police Dept. with a call in 100 Peyton.
Officer stopped KS 632CFB in 1100 Exchange. Verbal warning was issued for speeding in 100 E 12th.
Officer stopped KS 421AWA in 10 E 1th. Verbal warning was issued for driving with no headlights in 100 E 12th.
Officer stopped KS 436DBG at 13th and Merchant. Verbal warning was issued for unauthorized lights. Citation issued for no POI.
Female student reported telephone harassment. A message was left on her answering machine.
Officer stopped KS 000DVL at 100 W 13th. Citation was issued for failure to stop at red light at 12th Merchant.
Officer admitted City of Emporia Sanitation workers into the compound.
Officer was dispatched to a lock out at 909 Constitution St. Operator was not a current student. Officer did not unlock vehicle.
Officer stopped KS 115BOE at 12th and Commercial. Verbal warning was issued for no seatbelt at 12th and Market.
Officer stopped KS VWU783 at 12th and Cottonwood. Verbal warning was issued for a one-way violation at 1201 Triplet Dr.
Officer stopped KS 646CQX at 1800 Highland. Verbal warning was issued for driving with no headlights in 1800 Highland.
Officer stopped KS 965DVK at 1200 Neosho. Citation was issued for defective tail light at 12th and Commercial.
Officer stopped MN 532BDG at 18th and State. Verbal warning was issued for failure to dim headlights at 19th and Merchant.
Officer assisted Emporia Police Dept. with a domestic disturbance and drunk driver investigation at 18th and Industrial Rd.
Mark Runge notified ESU PD of a roof leak found in HPER.
Ambulance responded to Singular Hall Room 258 for a female student suffering a seizure. Subject refused transport.
A female student reported graffiti on the sign south of Memorial Union between Plumb Hall and King Hall. Officer contacted physical plant to clean off sign.
Residential Life reported a suspicious odor on the 2nd floor of Abigail Morse Hall.
Officer stopped a bicyclist in Sector 3. Verbal warning was issued for a one-way violation.
Officer retrieved keys that had been accidently dropped down the right elevator shaft in South Twin Towers.
Abigail Morse Hall zone 185 Smoke Detector 2nd floor. Unknown problem.
Officer responded to HPER building Room 205 for a male student who had passed out. Subject was transported to the Student Health Center by officer.
Resident of 2nd floor Singular Hall reported an opossum in her room eating her Cheezits. Officer captured the animal and released it north of I-35.
Officer assisted Lyon Co. Sheriff’s Dept. with road hazard in 1800 No. Hwy 99. Two five-gallon buckets of animal feed were in the roadway. Officer moved them off to the shoulder.
Bidermann USA, Plaid both file Chapter 11. (Bidermann Industries USA Inc., Plaid Clothing Group Inc.)
Daily News Record July 18, 1995 | Wilner, Rich; Siegel, Jeff NEW YORK (FNS) – Faced with a lack of credit and insufficient cash flow to service its high level of debt, Bidermann Industries USA Inc. filed a Chapter 11 petition Monday seeking time to reorganize.
The move, expected since Bidermann brought turnaround specialist Alvarez & Marsal on board in June, is expected to result in a slimmed-down, restructured Bidermann.
At the same time, Bryan P. Marsal, Bidermann chairman and chief executive and a founding director of the turnaround firm, is reportedly in negotiations with Ralph Lauren concerning the return of the Ralph Lauren Womenswear license by Bidermann to the designer.
The talks between the two parties have been ongoing for roughly six weeks, according to market sources, since Marsal was hired to turn things around at Bidermann. A Bidermann spokesman Monday refused to comment on the status of the Ralph Lauren Womenswear license or on the existence of any talks between the two sides.
Bidermann also operates Great American Knitting Mills, which makes Gold Toe Socks;Cluett, Peabody & Co., which makes Arrow shirts and sportswear; and the Yves Saint Laurent Pour Homme men’s wear. go to web site gold toe socks
Those familiar with the talks between Bidermann and the designer expect Lauren to regain control of the license in the next several months, barring any unforeseen turbulence in the negotiations. Bidermann is expected to receive some payment from Lauren for the license, which is scheduled to run for another two and a half years.
An arbitration proceeding filed by Lauren recently is procedurally stayed pending the outcome of Bidermann’s Chapter 11 case but will effectively become moot once a deal between the designer and Bidermann is reached.
The filing by Bidermann and 16 of its subsidiaries in Manhattan Bankruptcy Court Monday afternoon was called a “pre-arranged” filing by those familiar with the Bidermann situation. The sources said a pre-arranged filing did not have the financial agreements of a prepackaged filing but because of preliminary discussions between the debtor and its business partners, would not last as long as a “normal” Chapter 11 case.
Marsal had been negotiating with creditors and business partners since joining Bidermann on June 5, sizing up which units Bidermann might retain and which the troubled manufacturer would look to unload, sources said.
For example, after Marsal took over, Bidermann creditors recently rejected the proposed sale of Great American Hosiery, makers of Gold Toe socks, to Renfro Corp. as not in the interest of the company.
The unit, however, like all pieces of the Bidermann corporation, remain available for the right price. Marsal, as with all CEOs of companies in Chapter 11, must maximize assets for creditors, which, many times, means selling off units.
Upon filing, Bidermann reported that it had secured a $75 million debtor-in-possession (DIP) line of financing from a lending group that includes Bank of America and Credit Lyonaise.
It is expected that, as with many highly leveraged companies filing for Chapter 11 reorganization, Bidermann will swap its pile of debt for equity.
“The DIP financing that we have arranged as part of the filing will resolve our short-term liquidity concerns, ensure that we will continue to operate the business on a normal basis, and provide us with the financial flexibility necessary to implement our operational restructuring,” said Marsal.
That restructuring will concentrate on decentralizing management, including the phasing-out of Bidermann’s Secaucus, N.J., operations, and reducing operating costs through plant consolidations, the company said in a statement.
Bidermann said employees in the Secaucus office will be offered positions elsewhere in the company or will be offered severance packages. Marsal said no large-scale layoffs were expected.
Bidermann Industries, with 1994 sales reportedly at $500 million, became the subject of sale rumors recently when Maurice Bidermann, who controls the company, attempted to restructure his European operations.
The restructuring, now completed, transfered control of the Paris-based operation away from Maurice Bidermann to two French apparel executives. The financial restructuring of the European operation did not benefit the U.S. operations, which have been losing money attempting to deal with a mounting debt load for years.
NEW YORK FNS)- Men’s tailored clothing giant Plaid Clothing Group Inc. filed for Chapter 11 protection Monday, a victim of its failed bid to acquire GFT Spa, rising restructuring costs and the trend toward a more casual look at the workplace, In its bankruptcy petition, Plaid, the second-largest manufacturer of men’s and boys’ tailored clothing in the U.S., listed liabilities of $177.1 million, including $123.6 million in unsecured debt, and assets of $194.5 million.
Plaid, which sells tailored clothing under private-label and outside brands, including Palm Beach, Burberrys, Evan-Picone, Liz Claiborne and John Weitz, said in court papers that it hoped the Chapter 11 filing could give it a “breathing spell” to reorganize. The company said it did not know when it would emerge from bankruptcy protection.
As part of its efforts to reorganize, Plaid said it signed a $75 million debtor-in-possession credit facility with a group of lenders led by TransAmerica Business Credit Corp. that is secured by Plaid’s inventory and receivables.
A bankruptcy court hearing to approve $12 million in interim financing is scheduled for today before Judge Prudence Abram.
The manufacturer tried to restructure under its own steam after facing dwindling sales and laging operating profits the past two years. But those efforts were hampered by an ill-fated attempt to purchase Italy-based manufacturer of designer apparel GFT SpA.
Plaid offered to purchase GFT for about $243 million in March 1994, but after eight months of hot pursuit GFT rejected the idea. The failed venture cost Plaid $15.2 million before taxes.
GFT was eventually purchased by Gemina, an investment company owned by the Fiat Group.
After losing $12.5 million last year on sales of $263.4 million, Plaid posted a $418,000 loss in the first quarter ended April 1. Sales in the quarter fell 12.7 percent to $63.5 million from $72.7 million.
First-quarter results were hurt by a disruption of deliveries for spring 1995 due to manufacturing and delivery problems at two of Plaid’s piece-goods suppliers, Plaid said in its filing. In addition, Plaid had production problems of its own at several facilities, some of which resulted from the closing of Plaid’s New Bedford, Mass., plant at the end of last year.
Plaid’s poor results continued into the second quarter, and the company was unable to satisfy certain covenants in its revolving-credit facility. While in the process of negotiating waivers and amendments with the banks, Plaid said its suppliers and factors pulled the plug, refusing to ship any more merchandise. in our site gold toe socks
Aside from its operating difficulties, Plaid said its results were hurt over the past two years by the “significant level of layoffs among white collar workers [the principal customers for men's tailored clothing].” The company also cited increased foreign competition, “the relaxation of dress codes by many employers, and the long-term trend toward a more casual lifestyle.” A possible foreshadowing of Plaid’s Chapter 11 filing occurred earlier this month when the firm hired The Blackstone Group as its financial advisor to explore all of its options. At the time, rumors of Plaid’s imminent bankruptcy filing were rampant in the industry.
During its stay in Chapter 11, Plaid said it will concentrate on restructuring its short-and long-term debt; continue to restructure its business; and improve cash flow through a reduction of general and administrative expenses.
The list of Plaid’s 20 largest creditors includes: Burlington Industries Inc., Greensboro, N.C., owed $5.3 million; Forstmann & Co., $491,142; BNY Financial, $483,703; Warren Corp., $470,463; Nomus Interiors, King, N.C., $460,765; and EDS Corp., Charlotte, N.C., $370,942.
In addition, Marine Midland Bank is the indentured trustee for Plaid’s $75 million in 11 percent senior subordinated notes due 2003. A $4 million interest payment on the notes was to be due Aug. 1. The notes are not actively traded but were being quoted in the range of 25 cents to 35 cents on the dollar in early June.
The vast majority of Plaid’s secured debt is held by its DIP lender, TransAmerica Business Credit, owed $52.7 million.
Plaid’s roster of brands range from the chic and expensive Italian-made Hanae Mori to Gant and Halston, which are geared to value-conscious shoppers. The company recently gave up its Christian Dior license.
Plaid’s product lines includes suits, sport coats, separate trousers, formalwear, rainwear and overcoats.
Wilner, Rich; Siegel, Jeff
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