Mizrahi closes his fashion house after 10-year run

Article Abstract:

Isaac Mizrahi and Co will close its doors because of majority owner Chanel Inc's disappointment with sales of the midprice "Isaac" line. Annual sales of the "Isaac" line were over $20 million at wholesale, according to Chanel vp Michael Rena, but they still could not compete in the competitive second-tier designer category and were discontinued in Dec 1997. Isaac Mizrahi's trademark is still owned by the partnership between himself and Chanel, and negotiations for Mizrahi's recovery of his name continue.

Comment:

The partnership between Chanel Inc and Isaac Mizrahi will end due to poor sales of midprice line

Organizational history, Company Personnel, Women's Outerwear, Women's and Girls' Cut and Sew Other Outerwear Manufacturing, Women's clothing, Isaac Mizrahi and Co., Isaac

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Arch Communications announces deal to buy rival MobileMedia

Article Abstract:

Arch Communications Group Inc. said it has reached an agreement to purchase MobileMedia Corp. in a $479 million deal. The transaction will be in cash and stock. The acquisition will create the second-ranked paging company in the US. The newly-merged entity will have over seven million subscribers and more than $800 million in revenues. Since January 1997, MobileMedia has been functioning under Chapter 11 bankruptcy reorganization.

Comment:

Arch Communications Group Inc. to purchase MobileMedia Corp. in a $479 million deal

Asset sales & divestitures, Acquisitions & mergers, Paging Services, Paging, Arch Communications Group Inc., MobileMedia Corp.

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