Hansen Calls on Suppliers to Stiffen

Hogsett, Don
July 2006
Home Textiles Today;7/31/2006, Vol. 27 Issue 34, p11
Trade Publication
The article looks into the perspectives of Pillowtex Corp.'s former CEO Chuck Hansen regarding the fraudulent practice of unauthorized deductions that led to the bankruptcy status of the company in the U.S. Hansen stated that the contended chargebacks were the main cause that lead to the death of the company. He admitted that the big debts that the company incurred to acquire Fieldcrest Cannon Inc. also contributed to the company's dissolution.


Related Articles

  • Merger & acquisition report.  // Textile World;Nov97, Vol. 147 Issue 11, p34 

    Presents updates related to Pillowtex Corp.'s plans to acquire Fieldcrest Cannon Inc. as of November 1997. Total purchase price at $720 million; Equity firm funding Pillowtex's acquisition of Fieldcrest.

  • Pillowtex completes Fieldcrest Cannon deal. McCurry, John W. // Textile World;Feb98, Vol. 148 Issue 2, p24 

    Announces Pillowtex Corp.'s completion of its acquisition of Fieldcrest Cannon Inc. in late December 1997.

  • Changing shifts. Speizer, Irwin // Business North Carolina;Apr98, Vol. 18 Issue 4, p42 

    Focuses on the effects of the acquisition of Fieldcrest Cannon Incorporated by Pillowtex Corporation. Reference to the company which implemented Kannapolis will no longer be headquartered in North Carolina; Details on the effects of the acquisition.

  • Fieldcrest sells Blanket Div. assets to Pillowtex. John, McCurry // Textile World;Nov96, Vol. 146 Issue 11, p25 

    Reports that Fieldcrest Cannon agreed to sell certain inventories and equipment of its Blanket Division to Pillowtex Corp. for approximately $30 million. Inclusion of a long-term trademark license royalty agreement; Fieldcrest's plans to liquidate remaining assets.

  • FC Agrees to Union at Six Mills. McCurry, John W. // Textile World;Dec99, Vol. 149 Issue 12, p17 

    Reports that Fieldcrest Cannon, a division of Pillowtex, agreed to accept a unionization vote at six mills in North Carolina on November 10, 1999. Implication of the agreement.

  • Fieldcrest Gains Int'l Licensees.  // Home Textiles Today;5/7/2007, Vol. 28 Issue 12, p19 

    The article reports on the licensing agreements of Fieldcrest Cannon Inc. and Pillowtex Corp. in the U.S. According to the author, the partnership increases the total number of incurred licensees outside U.S. to seven, to be imposed in five territories. According to Pillowtex International...

  • Pillowtex to acquire Fieldcrest Cannon.  // Colourage;May98, Vol. 45 Issue 5, p64 

    Reports on Pillowtex Corp.'s acquisition of Fieldcrest Cannon Inc.

  • Pillowtex to Acquire Fieldcrest. Clune, Ray // DNR: Daily News Record;9/15/97, Vol. 27 Issue 111, preceding p1 

    The article offers information on the merger of Pillowtex Corp., and Fieldcrest Cannon Inc. in Kannapolis, North Carolina.

  • Pillowtex buys Fieldcrest Cannon. McCurry, John W. // Textile World;Oct97, Vol. 147 Issue 10, p21 

    Reports on Dallas, Texas-based homes textiles firm Pillowtex's acquisition of Fieldcrest Cannon. Establishment of a 15,000-employee company with annual sales of $1.6-billion; Retention of the Fieldcrest Cannon name; Retention of Jim Fitzgibbons on the Fieldcrest board; Elimination of duplicated...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics