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.”


Obedience Club Of Chattanooga Has New Session Starting Jan. 5

The Obedience Club of Chattanooga will begin its next six-week session of obedience, rally, and agility classes for puppies and dogs on Monday, Jan. 5,  at its training facility four miles south of Chattanooga on Highway 193 in Flintstone. Registration will be held on Sunday, Jan. 4, from 1-3 p.m. at the training facility.  During registration, various OCC dog/handler ... (click for more)

Attorneys Batts And Taylor Elected To Lead State Drug Court Association

The Tennessee Association of Drug Court Professionals has elected attorneys Kevin Batts and Richard Taylor to leadership positions in the statewide group. Mr. Batts will serve as president and Mr. Taylor will serve as vice president of the association in 2015. Mr. Batts is director of the Drug Court in the 23rd Judicial District, serving five counties of Middle Tennessee. He ... (click for more)

TVA Sues Cleveland's Allan Jones Over Dock, Retaining Wall, Boat Ramp, Boathouse On Hiwassee River

TVA has sued Cleveland, Tn., Check Into Cash millionaire W. Allan Jones Jr. over the construction of a dock, retaining wall, boat ramp and boathouse on the Hiwassee River. In the lawsuit in Federal Court, TVA said it told Mr. Jones before the construction was finished that he was on TVA property. The complaint says he has refused to move the construction from the river. ... (click for more)

Bobby Dodd Lawsuit Against City Moved To Federal Court

A lawsuit brought by former Chattanooga Police Chief Bobby Dodd against the city of Chattanooga and the Chattanooga Fire and Police Pension Fund over his pension has been moved to Federal Court. The lawsuit was earlier filed in Chancery Court by attorneys Jerry Tidwell and Adam Izell. The suit says former Chief Dodd opted for a plan that would have half of his pension go to ... (click for more)

Please Don't Close The Piccadilly Cafeteria At Hamilton Place - And Response

Oh, no. The Piccadilly Cafeteria at Hamilton Place is closing.  Its last day is Christmas Eve.  I will miss the great food they have there but most of all I will miss their servers, cashiers and waitresses.  They are all so friendly and accommodating.  They make it like it’s a home-style restaurant. I sure wish there was some way that Hamilton Place and ... (click for more)

Roy Exum: The Manger Scene Stays!

When the Freedom From Religion Foundation struck the tiny town of Jay, Fla., earlier this month, the town mayor had a life-sized Nativity scene that had been displayed every Christmas for the past 40 years taken down and sold as “city surplus.” But in Alabama, things are different. When the foundation tried the same thing in Rainbow City, Ala., more people than all those who live ... (click for more)