My new custom made duds hadn’t even thawed out from one of the coldest Inauguration Days in DC history, when my adopted hometown Chicago clothier, HartMarx filed for bankruptcy, due in part to many years of over leveraging the company to make unsustainable acquisitions of multiple brands and retailers.
Going forward, I had to up my presidential suit game with legendary bespoke tailors Georges de Paris, as well as my tan suit guy, Martin Greenfield.
I've been enjoying these "business horror stories" and occasionally pinching myself to remember that I'm retired (and sooooooooooooooo glad to be in this economic environment).
Another interesting and valuable read. Thank you Richie.
Thanks Lisa….hope all is well with you…
Speaking of hubris and bankruptcy…
My new custom made duds hadn’t even thawed out from one of the coldest Inauguration Days in DC history, when my adopted hometown Chicago clothier, HartMarx filed for bankruptcy, due in part to many years of over leveraging the company to make unsustainable acquisitions of multiple brands and retailers.
Going forward, I had to up my presidential suit game with legendary bespoke tailors Georges de Paris, as well as my tan suit guy, Martin Greenfield.
Ah….I remember Hartmarx well….not the best run company, unfortunately…
I've been enjoying these "business horror stories" and occasionally pinching myself to remember that I'm retired (and sooooooooooooooo glad to be in this economic environment).
You said it, sir!!
...and a comment on stasis. If you're not going forward you're failing.
or it's easier to bet the farm if it's not your money.
Yeah, but it kinda was….