A federal bankruptcy judge rejected an agreement that would have paved the way for Hank Wilton to sell his shares and bow out of the Wilton Companies.
Kevin Huennekens
S&K To Liquidate
Just like Circuit City before it, at the end of its corporate life no other company was interested in buying S&K Famous Menswear and trying to turn it around. The company was founded in 1967 by two brothers who found a niche selling quality men’s clothes at a good price, but that niche evaporated as fewer men bought suits and the lower-end marketplace became more cutthroat. Plus, a brief Q&A with former CEO Joseph Oliver.
Hurry up and wait: How much will LandAmerica’s 1031 customers recover?
The saga keeps getting worse for 450 former LandAmerica customers who last fall tried to complete a simple real estate deal and now can’t get funds they thought would be safely held for a few months by the formerly Richmond-based Fortune 1,000 company.