Smith believes he can revitalize the custom-designed suits and shirts retail chain that dates back to 1937. "Founder Mortimer Levitt built a powerhouse business, but the last two owners were misdirected and under funded," says Smith, who will serve as the new company CEO. Smith is also reopening two stores in San Francisco and one in Houston. He purchased the reopened stores for an undisclosed amount in an auction. Before the bankruptcy proceedings there were three other Washington DC-area locations: McClean, Virginia's Tyson's Galleria, Arlington, Virginia's Pentagon Square and Montgomery County, Maryland's White Flint Mall.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
