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Bankruptcy Proceedings

BUSINESS
By Jay Hancock and Jay Hancock,Sun Staff Writer | August 10, 1994
Most landlords have agreed to give Merry-Go-Round Enterprises Inc. until Jan. 31 to decide how many more of its 1,300 stores to close as it tries to reorganize under bankruptcy proceedings.There's one condition, though: The Joppa-based fashion retailer can't shut stores owned by certain landlords between Sept. 18 and Dec. 31. That way, mall operators won't have unexpected vacancies for the important holiday shopping season.The agreement, disclosed in filings in U.S. Bankruptcy Court in Baltimore, increases the likelihood that Merry-Go-Round's bankruptcy proceedings will extend into 1995.
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BUSINESS
By Jay Hancock and Jay Hancock,Sun Staff Writer | July 22, 1994
Trying to bolster management while it goes through Chapter 11 bankruptcy reorganization, Merry-Go-Round Enterprises Inc. yesterday named a veteran department store and boutique merchant to run its flagship division.On Aug. 1 Frank Tworecke will become president of the Merry-Go-Round stores unit, a 500-store chain that forms the core and corporate soul of the Joppa-based fashion retailer.Now senior vice president and general merchandise manager for Federated Department Stores Inc.'s Lazarus division, Mr. Tworecke fills the last important vacancy on the team Merry-Go-Round officials have said they need to turn the company around.
BUSINESS
By Bloomberg Business News | January 14, 1994
Investors in distressed securities are paying unusually high prices for the trade debt of Merry-Go-Round Enterprises Inc., which filed for Chapter 11 bankruptcy protection Tuesday."
BUSINESS
March 4, 1992
State Farm Insurance Co. plans to build a $32 million, 355,000-square-foot regional headquarters in Frederick, a move that will keep 678 jobs there, the company's regional vice president said yesterday."
BUSINESS
By Kevin Thomas and Kevin Thomas,Evening Sun Staff B | July 18, 1991
W. Bell & Co., the beleaguered catalog showroom retailer based in Rockville, has informed employees that the once-popular discount chain will go out of business in the near future, closing 10 stores and leaving hundreds of workers without jobs.A letter from Bell Executive Vice President Bernard Blum was distributed to employees earlier this week, explaining the company's decision but giving no date for the closings.Al Volski, manager of the Cockeysville store, said today that the letter informed workers that liquidators assigned by the U.S. Bankruptcy Court in Rockville will be visiting all stores within 10 or 20 days.
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