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Albert Nipon

BUSINESS
April 28, 1987 | By ROBIN PALLEY, Daily News Staff Writer
Albert Nipon, fashion designer and chairman of Albert Nipon Inc., announced yesterday that he has reached an agreement in principle with a consortium of banks that secures the company a new line of credit. Last Tuesday, the company's Philadelphia manufacturing plant was forced to shut down after three banks, which had extended Nipon a $10.5 million line of credit, filed a complaint in Common Pleas Court in Montgomery County. The plant reopened gradually, reaching full operation again yesterday.
BUSINESS
April 28, 1987 | By ROBIN PALLEY, Daily News Staff Writer
Albert Nipon, fashion designer and chairman of Albert Nipon Inc., announced yesterday that he has reached an agreement in principle with a consortium of banks that secures the company a new line of credit. Last Tuesday, the company's Philadelphia manufacturing plant was forced to shut down after three banks, which had extended Nipon a $10.5 million line of credit, filed a complaint in Common Pleas Court in Montgomery County. The plant reopened gradually, reaching full operation again yesterday.
NEWS
May 4, 1987 | By JOSEPH GRACE and LESLIE SCISM, Daily News Staff Writers
Sylvia Nipon glowed with pride when describing Bernard Gordon Rubin, the Floridian who married her only daughter, Bobbi, last fall. Alice Mitrano, Nipon's long-time Wynnefield neighbor, understood why when she met Rubin last month for the first time. "He looked like Marlon Brando," Mitrano said yesterday. "He was very tan with silvery hair, a nice smile, and he dressed very well. " Mitrano said she told him his mother-in-law spoke glowingly of him. "He just smiled," she said.
BUSINESS
July 7, 1988 | By Nancy Hass, Daily News Staff Writer
Danny Noble Ltd. Inc., the Philadelphia-based women's wear manufacturer that racked up $6 million of business last year, may be in the midst of financial turmoil, according to garment industry sources. Wall Street analysts say they first heard of trouble at the five-year-old company in the early spring, when store managers mentioned delivery problems involving the company's fall and holiday lines. Richard Fischer, the New York retail magnate who bought financial control of the Noble's operation in March 1987, told Women's Wear Daily on Tuesday that the company was "undergoing a reorganization," but he declined to elaborate further when reached at home in Manhattan yesterday.
BUSINESS
November 17, 1987 | By ROBIN PALLEY, Daily News Staff Writer
Philadelphia fashion designers Albert and Pearl Nipon are negotiating to sell their family-held business to the New York apparel manufacturing company Leslie Fay, industry sources and trade journals are reporting. Women's Wear Daily, a daily chronicle of the apparel industry, reports that Nipon approached Leslie Fay several months ago to discuss a possible licensing agreement under which the firm would make goods under the Nipon name. Women's Wear reports that the talks grew into negotiations for Leslie Fay to purchase Albert Nipon, a manufacturer of better women's wear with projected annual sales of about $45 million this year.
BUSINESS
November 18, 1987 | By ROBIN PALLEY, Daily News Staff Writer
Rhiladelphia fashion designers Albert and Pearl Nipon are negotiating to sell their family-held business to the New York apparel manufacturing company Leslie Fay, industry sources and trade journals are reporting. Women's Wear Daily, a daily chronicle of the apparel industry, reports that Nipon approached Leslie Fay several months ago to discuss a possible licensing agreement under which the firm would make goods under the Nipon name. Women's Wear reports that the talks grew into negotiations for Leslie Fay to purchase Albert Nipon, a manufacturer of better women's wear with projected annual sales of about $45 million this year.
BUSINESS
November 19, 1987 | By ROBIN PALLEY, Daily News Staff Writer
Albert Nipon has sold his family-held, high-fashion company to the Leslie Fay Cos. in New York for an undisclosed sum, executives of both firms announced late yesterday. John Pomerantz, chairman and chief executive of Leslie Fay, said he is "thrilled" with the acquisition, which "gives us what we've been looking for - entry into the designer business with a new and better level of clothing. " Albert Nipon, who with his wife Pearl, founded the Nipon firm that is headquartered at Broad and Wallace streets, said Nipon will be an autonomous division of Leslie Fay. Local operations and the company's staff of 250 to 300 people here won't be affected, Nipon said.
BUSINESS
April 22, 1987 | By Barbara Demick, Inquirer Staff Writer (Also contributing to this article were staff writers Jill Gerston, Walter F. Roche Jr., Terry Bivens and Richard Burke.)
Fashion designer Albert Nipon, in the throes of a dispute with his bankers, suspended production early yesterday at his Philadelphia plant, which employs about 370 workers. But company officials, who spent much of the day in feverish negotiations with bankers, late yesterday said that they expected to obtain sufficient financing to reopen by tomorrow or Friday. The financial crisis - one of a series of problems for the acclaimed fashion designer - comes just when it appeared Nipon's fortunes were taking a turn for the better.
NEWS
September 21, 1986 | By Karen Heller, Inquirer Staff Writer
It was a great day for gold lurex. Pink leather didn't fair too poorly either. And then there were the seashell-encrusted sunglasses, silver fish purses and 38-inch phony ponytails. In the middle of all this sat John Hannum of Wallingford, amused and more than a bit amazed. "Walking through here, one minute you think you're in China, the next minute in the casbah in Tunis. " No, not Tunis, just Philadelphia. It was the second annual Philadelphia Dresses the World, and Hannum was just one of 20,000 visitors expected to examine the wares of 105 local designers at Fairmount Park's Memorial Hall yesterday and today.
BUSINESS
April 21, 1987 | By KEVIN HANEY and ROBIN PALLEY, Daily News Staff Writers
Some 125 employees of Philadelphia fashion designer and tax-evader Albert Nipon found themselves out of work this morning when they showed up for their regular shifts at their North Philadelphia shop. Workers were told to clean out their personal belongings, although a statement issued by Nipon and his wife Pearl said they "hope to resume operations by the end of this week" at Broad and Wallace streets. The Nipons' son, Larry, company president, said the firm has spent the past week in negotiations with a consortium of three area banks - Meridian, Fidelity and Hapoalim - that had "pulled the plug" on the family firm's line of credit.
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