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.”

Northwest Georgia’s Unemployment Rate Rises To 5.3 Percent In September

The Georgia Department of Labor announced on Thursday that the unemployment rate in the Northwest Georgia region in September was 5.3 percent, up one-tenth of a percentage point from 5.2 percent in August. The rate in September 2015 was 5.5 percent. The rate rose as the labor force and number of new layoffs increased. The rate rose as the labor force increased by 2,955 ... (click for more)

Autumn Witt Boyd Joins Nextlaw Global Referral Network

The Law Office of Autumn Witt Boyd announced on Wednesday, it has joined Nextlaw Global Referral Network, enabling it to connect its clients to high quality lawyers around the world. Nextlaw Global Referral Network is the largest legal referral network in the world, with 283 member firms, 18,600 lawyers covering 160 countries. Ms. Boyd said, “By joining Nextlaw Global Referral ... (click for more)

2 Witnesses To A Murder Refuse To Testify At Jury Trial

Two men who prosecutors say witnessed a murder in Hixson on Jan. 31, 2014, on Wednesday refused to tell their story to a jury. Criminal Court Judge Barry Steelman ordered Andrew Biro and Jacob Tyler "T.Y." Keel to answer questions from prosecutor Lance Pope, but they both refused. Biro had said during testimony in General Sessions Court that Christopher Levi Parker threatened ... (click for more)

PETA And Humane Educational Society Offer Reward For Torture-Killing Of Dog After Envelope Mailed From Chattanooga

An envelope postmarked from Chattanooga and containing a photo of a dog strung between two trees arrived at PETA's office in Virginia Tuesday, along with the severed ear of a dog. PETA members are offering a reward of $5,000-and the Humane Educational Society of Chattanooga has added another $1,000-for information leading to the arrest and conviction of the person(s) responsible ... (click for more)

Accountability Doesn't Have To Be A Bad Word

Am I making a difference? Isn’t that the basic question we all ask ourselves, and seek to demonstrate to others?  Ronald Reagan said:  “Some people spend an entire lifetime wondering if they made a difference in the world. But, the Marines don't have that problem.”   We would argue teachers do not have that problem either.    Educators make a huge difference ... (click for more)

Roy Exum: ‘The Right To Bear Arms’

As the worldwide debut of the much-anticipated “Hacksaw Ridge” is set for next weekend, it didn’t take long for the anti-gun fanatics to decry “a war movie.” Mel Gibson, the director of the film that focuses on a conscientious objector Desmond Doss who refused to bear a weapon but saved an estimated 75 lives, was asked about America’s gun problem as he toured to promote the film. ... (click for more)