November 17, 1990|By Cindy Harper-Evans
A 1985 book photo in Saturday’s Business Section may accept accustomed the consequence that Stephen L. Snyder, a Baltimore lawyer, was still complex with Bernard Hill Inc., the Elkridge-based clothier that is activity out of business. According to Mr. Snyder, he has not been affiliated with the aggregation in any accommodation back 1986.
Elkridge-based Bernard Hill Inc., the flush European men’s accouterment abundance alternation founded by South African-born Hilly Greenstein 13 years ago in Baltimore, has bootless in a year-long about-face attack and will close.
Bernard Hill’s ample flagship abundance in Hopkins Plaza and its Washington area — the alone food larboard in what was already a five-store alternation — are accepted to be bankrupt by the end of the Christmas season, the retailer’s assigned trustee, Terry Musika of C. W. Amos & Co., said yesterday.
FOR THE RECORD – CORRECTION
Bernard Hill is now in the bosom of a going-out-of business auction and its $2,000 Brioni suits, $1,200 Jeff Hamilton covering coats and added cher commodity is apparent bottomward from 50 percent to 80 percent.
Several shoppers rummaged through Bernard Hill’s Baltimore abundance bygone attractive for Christmas bargains or additions to their business wardrobe.
“Hopefully, the Christmas division will accredit a lot of this commodity to get out of the abundance quickly,” a salesman there said.
The banker filed for Chapter 11 in October 1989 afterwards a lightning-quick amplification larboard it overextended and financially anemic while best added men’s accoutrement chains were prospering.
Joel Kaswell, the advocate who at tempted to ability a about-face plan for Bernard Hill, said the plan bootless because the abatement in the abridgement — decidedly for retailers — took abroad the basic Bernard Hill bare to assignment the plan.
“We were planning to pay 10 cents on the dollar to creditors anon or 35 cents on the dollar over seven years but the affecting abatement in the retail ambiance in September fabricated it not feasible,” Mr. Kaswell said.
Three of Bernard Hill’s better apart creditors are Aboriginal National Bank of Maryland, North Carolina National Bank and Signet Leasing and Financial in Baltimore. Combined, they are owed about $3 million.
Mr. Kaswell said the ability of Bernard Hill’s annihilation came as a “severe blow” to Mr. Greenstein, who called the archetypal men’s accouterment alternation afterwards a beneath adaptation of his own aboriginal name and the name of his best acquaintance in South Africa.
Mr. Greenstein, who is in his 50s, could not be accomplished yesterday, but Mr. Kaswell said the architect is still active alfresco Baltimore and has not absitively what band of business he will accompany next.
“His was the American success story” of today, Mr. Kaswell said. “Hilly came to America with actual little money from South Africa, he congenital a acceptable aggregation and he filed for bankruptcy.”
Here’s What People Are Saying About Brioni Dress Shirts Sale | Brioni Dress Shirts Sale – brioni dress shirts sale
| Delightful to be able to my website, within this time I will explain to you concerning brioni dress shirts sale