Allan Jones completes purchase of Hardwick Clothes
Cleveland businessman Allan Jones has completed his $1.9 million purchase of the bankrupt suit maker Hardwick Clothes.
Thursday, June 19th 2014, 12:56 pm EDT by
America’s oldest maker of tailor-made clothing has a new owner and a new lease on life with the acquisition of the 134-year-old company this week by Cleveland, TN, businessman Allan Jones.
In a statement today, Jones said his $1.9 million purchase of the bankrupt suit maker represents only the start of his investment and turnaround plans at Hardwick Clothes, which he said should be aided by a growing consumer desire for American-made goods. Hardwick Clothes is one of the few domestic makers of designer suites in the United States.
“I am convinced the pendulum is swinging back to ‘Made in America,’ after the Men’s Wearhouse acquisition of Joseph Abboud – one of America’s traditional suitmakers,” said Jones, founder and CEO of the payday lending business, Check Into Cash.
Jones noted that at one time, Hardwick was renowned for having the best blazer in the world. He said he intends to help the blazer regain its prominence by using better materials and buttons.
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