December 22, 2013 |
Jones Group, the women's clothing wholesaler and retailer started by Philadelphia investor Sidney Kimmel in the late 1960s, has agreed to be bought by Sycamore Partners, a New York buyout firm, for $15 per share in cash. The sale values Jones stock at $1.2 billion. Sycamore will also take on Jones' $1 billion in debt. The company was run from offices in New York and warehouses in Bristol, Bucks County. Jones employs about 6,000 people. In a note from Sycamore Thursday night, Jones workers were told there were no plans to close facilities or cut jobs.
November 15, 2013 |
First, William K. Marimow said, he and publisher Robert J. Hall had chatted about how much both liked a story in that morning's Inquirer about Boyds, the iconic Center City clothier. Then the tone of their Oct. 7 meeting abruptly changed. "Mr. Hall said: 'We have a very serious matter to discuss. We are terminating your employment,' " Marimow, who was the newspaper's editor, testified Wednesday. Speaking publicly at length about his firing for the first time, Marimow recounted in a Philadelphia courtroom his version of the story at the center of a legal battle for control among the co-owners of The Inquirer and its parent company, Interstate General Media.
October 30, 2013 |
After their lawyers had spent an hour clashing over what state was better suited for hearing their dispute, the two partners grappling for control of The Inquirer met behind closed doors Monday with a Philadelphia judge. Lewis Katz and George E. Norcross III spent 44 minutes in the City Hall chambers of Common Pleas Court Judge Patricia McInerney - who sources said had privately pushed both sides to consider a settlement in the days before Monday's hearing. Katz and Norcross emerged from McInerney's chambers shortly before noon, then huddled with their lawyers while a scrum of reporters and others watched.
October 28, 2013 |
This is the first of three excerpts from Lisa Scottoline's new book, "Accused," which comes out on Tuesday. Chapter One CONGRATULATIONS! read the banner, but Mary DiNunzio still couldn't believe she'd made partner, even at her own party. She felt stunned, happy, and hopeful, ready to leave behind her doubts, insecurities, and guilt. Okay, maybe not her guilt. Guilt was like her handbag, occasionally heavy, but something she just felt better carrying around. Same with her insecurities, with which she had grown secure.
October 19, 2013 |
Opening a new legal front in the war for control of The Inquirer's parent company, George E. Norcross III filed a lawsuit Thursday in Delaware alleging that rival co-owner Lewis Katz had breached their contract, had interfered in the newsroom, and was preventing the company from defending itself. The lawsuit was the second in a week among the partners of Interstate General Media, which runs The Inquirer, the Philadelphia Daily News, and Philly.com. Meanwhile, new details emerged of the behind-the-scenes war among the company's principals, including claims that Norcross tried two weeks ago to buy out Katz's lone ally among the six partners, H.F. "Gerry" Lenfest, with a multimillion-dollar check, and that Katz effectively tried to sabotage a partners meeting Tuesday by not showing up. According to the latest suit, Katz argued that the other partners could not make decisions without him. "Now, he is actively disputing the ability of the board to take action without him, despite his clear conflict," it says.
October 15, 2013 |
CAMDEN When Andrea Shoulars moved into Rutgers-Camden over the summer, she said she felt an unexpected sense of calm. "I thought, 'This is supposed to be so scary, but it's not,' " the first-generation college student said in the student center last week. "Instead it was like, I'm ready, I'm ahead of the game and it kind of feels like home. " Shoulars, a freshmen at Rutgers-Camden, originally from Newark, graduated from the KIPP TEAM Academy Charter School in May. She is one of three KIPP Newark graduates attending Rutgers-Camden, and due to a new partnership, many more may soon follow.
September 29, 2013 |
William Masters, the famous St. Louis ob/gyn specialist who revolutionized the study of human sexuality, made a vital - and to him, deeply shocking - discovery early in his career as a sexologist. Women sometimes fake orgasm. It was 1956, and Masters had launched an ambitious study of how the human body responds to and processes sexual stimuli. His methodology was crude: He peeped, clipboard and stopwatch in hand, through a closet door as a prostitute had sex with her clients.
September 6, 2013 |
Dancing With the Stars has announced its cast for its new season, and, as usual, many are the surprises. Example: Bill Nye the Science Guy will wax terpsichorean with Tyne Stecklein ; Nicole "Snooki" Polizzi of Jersey Shore will sashay with Sasha Farber . And amazing Valerie Harper , whose brain cancer, once thought terminal, is said to be in some kind of abeyance, will trip it with Tristan MacManus . Wow. Other pairings:...
September 6, 2013 |
Philadelphia Police Officer John Bucceroni said no one saw the gun as he and three other officers struggled to handcuff a "freakishly strong" Eric Torres on the floor of a Feltonville corner grocery. "Give me hands, give me hands; dame manos, dame manos !" Bucceroni said he screamed in English and Spanish as he reached over the prone Torres and grabbed for his right hand. Instead, Bucceroni said, he felt his hand on the barrel of a gun and shouted, "Dame pistola!" The gun fired and Bucceroni said he heard his partner, Officer Edward Davies.
August 29, 2013 |
Richard N. Kull Jr., 83, of Pompano Beach, Fla., a founding partner in the Burns Kull Automotive Group of car dealerships based in Marlton, died of heart failure Saturday, Aug. 24, at the Linwood Convalescent Center in Atlantic County. Mr. Kull was a former chairman of the Ocean City Tabernacle, the Methodist-founded congregation that, in 2008, opened the Kull Youth Center. "His wife, Mary Anne, was a singer and involved in the choir," son Lawrence, president of the Automotive Group, said in a Tuesday phone interview.