London Fog returning headquarters to Md.

January 13, 1995|By Ross Hetrick | Ross Hetrick,Sun Staff Writer

Less than a year after London Fog Corp. moved its headquarters out of Maryland, the raincoat maker said today it would return its main office to its Eldersburg facility from Darien, Conn.

"This will solidify our situation in Eldersburg and in Baltimore," Robert E. Gregory Jr., the company's chairman and chief executive, said. The move is expected to be made in the next two months, with financial operations and executive offices returning to Eldersburg. Marketing and design offices will be in New York.

Although the move back to Maryland -- where the company was founded -- would return only 15 to 20 jobs, it provides a morale boost to a state that has seen more companies leave than arrive recently.

The closing of the Darien operation also comes as London Fog faces a severe financial crunch. The company has said it would miss some quarterly payments on $425 million in debt during its next fiscal year beginning March 1.

"It's a tremendous victory for Maryland. It's the payoff for working so hard with London Fog through their trials and tribulations," said Mark L. Wasserman, secretary of the state's Department of Economic and Employment Development. "It's more than a symbolic plus for London Fog to come here where they ought to be."

Mr. Wasserman said London Fog's return was not conditioned on any economic aid to the company, though the state and the company are in discussions about helping in refurbishing the Eldersburg facility, which has a work force of about 500.

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