Jones To Proceed With Purchase Of Hardwick Clothes

Sunday, April 13, 2014

Employees of Hardwick Clothes, Inc., received reassurance on Friday that Cleveland, Tn., businessman Allan Jones would continue his company’s efforts to buy the assets of the domestic suit maker.

“While we were disappointed with the amount the Court set as the reimbursement for the expenses we have incurred in the event we are not the successful bidder, we respect the very difficult decision the Court was forced to make in light of the Objection filed by the PBGC,” said Mr. Jones. “We accept Judge Rucker’s decision and plan to move forward in saving this company and its many loyal employees.”

Mr. Jones’ announcement came after the Pension Benefit Guaranty Corporation filed an objection to the proposed deal. Mr. Jones said the PBGC "refused to compromise in U.S. Bankruptcy Court and therefore put more than 220 jobs in jeopardy. Many of the jobs belong to third and fourth generation employees of Hardwick."

Mr. Jones maintained he is convinced Americans can still make suits profitably.  

He said, “Hardwick is the oldest privately owned suitmaker in the USA – founded in 1880 in Cleveland, Tn. - and we are not giving up that longstanding tradition without a fight. Surprisingly, the PBGC is delaying and potentially threatening everything we are working to rebuild.

“From the hearing, it became obvious that the PBGC is strongly suggesting the idea of liquidation. We don’t feel closing down USA’s oldest suitmaker makes any sense.”

Mr. Jones maintained that with the right combination of leadership and capital, Hardwick will regain much of the business it has lost since the ‘80s.

“The biggest asset is not on the balance sheet,” Mr. Jones said. “It’s the 134 years of tradition and all the long-term employees.  It’s hard to put a value on that. That’s what I’m placing my value on. The purchase price is just a drop in the bucket of what it will take to turn this company around.”


Donna Christian Lowe Chosen To Emcee And Facilitate Causeway Challenge Kickoff

Donna Christian Lowe, senior vice president and COO of MSi Workforce Solutions has been chosen to be the emcee and facilitator at the Causeway Challenge Kickoff “Reclaiming Civic Engagement”. This year the Causeway Challenge is about empowering individuals to solve problems in their own communities through creative ventures.   Ms. Lowe was selected to facilitate this event ... (click for more)

Rep. DesJarlais Praises Repeal Of EPA "WOTUS" Rule

Congressman Scott DesJarlais, M.D. released the following statement, after the Trump Administration’s announcement Tuesday it would withdraw the “Waters of the United States” (WOTUS) rule. The Environmental Protection Agency rule, which the prior administration issued to expand federal authority over local waterways, potentially including puddles and drainage ditches, threatened ... (click for more)

City Council Approves Short Term Vacation Rental District In 7-1 Vote

The City Council on Tuesday night voted 7-1 to set up a district where short term vacation rentals will be allowed. Only Councilwoman Demetrus Coonrod was opposed. Chairman Jerry Mitchell was absent. The district includes the Downtown Overlay (mainly Downtown, the North Shore, an area stretching to Missionary Ridge, and the Southside. It also includes all of Lookout Valley.  ... (click for more)

Man Who Fired Shot That Critically Injured 8-Year-Old Boy Now Facing Federal Gun Charge

A man who police say fired a shot that critically injured an eight-year-old boy on June 8 is now facing federal charges. Lebron Terrell Brown was charged with being a felon in possession of a weapon. Brown was also in the news in 2013 when police said he drove a car toward a police officer. Brown was arrested in the recent shooting after a witness followed him to a ... (click for more)

CPS Should Have A Manned 24/7 Presence In Every County

This week something became abundantly clear to me. The Department of Child Protective Services in the state of Tennessee, or at least in Hamilton County, are asleep at the wheel.   Early yesterday afternoon local news stations broke the news: "Animals Removed from Soddy Daisy Home."  What the news station either didn't know, or didn't report, was that the children of ... (click for more)

Roy Exum: Heroes Gather On July 14

Oliver North, whose journey as American patriot has not been an easy one, never lost hope. He once admitted he lied to Congress under oath, was found guilty of three felony counts after he followed the direct orders of his superiors, and then endured the wrath of the ignorant before the ACLU – of all sources – had the charges vacated. The former Lt. Colonel in the Marine Corps ... (click for more)