Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, July 29, 1995 TAG: 9507310044
SECTION: BUSINESS PAGE: A6 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Lady L Bridals will close its downtown Roanoke formal wear store Monday. Company president Nannette Shor said Friday that closing the store on Jefferson Street will allow the company to consolidate its merchandise at the Lady L stores in Richmond, Colonial Heights and Virginia Beach. The 2,000-square-foot Roanoke store was not large enough to carry a wide selection of dresses, she said.
The store has arranged with other Roanoke Valley formal wear and tuxedo shops to handle all upcoming weddings that were booked through Lady L, Shor said.
The Richmond company's downtown Roanoke store has operated for 4 1/2 years, leasing space from women's apparel retailer Lazarus Inc., which owns the building on Jefferson Street. Lady L's lease originally was to run through December 1996, but the two companies reached an agreement to end the lease early, according to Shor and Lazarus president Chip Lazarus.
Lazarus said no plans have been made to re-lease the space.
- Staff report
Bankruptcies
Six bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Three of them are personal bankruptcies that the court listed as businesses because they have commercial connections and could be of interest to business creditors and customers.
Ison Coal Co. Inc. of Pound filed for reorganization and protection from creditors. The company said it had assets of $3,855,547 and liabilities of $4,211,089.
Brian Kevin Ison of Pound, Ison Coal Co.'s president, filed for liquidation. He estimated assets at less than $50,000 and liabilities at more than $100,000.
Charles Keith Ison of Pound, who said in court documents that he is in the coal mining business, asked for liquidation, estimating assets at less than $50,000 and liabilities at more than $100,000.
Linda K. Lovell of Big Stone Gap, who said she was self-employed at Four Lane Market, filed for liquidation with assets of $44,800 and liabilities of $51,376.
Ellen J. Jarrell of Bluefield, trading as Ellen's House of Fashion, sought liquidation with assets of $75,850 and liabilities of $127,397.
Henry C. Lemoine and Cina M. Lemoine of Roanoke filed for liquidation with assets of $20,520 and liabilities of $36,480. Both said they were self-employed entertainers.
Briefly ...
K mart Corp. has hired LaSalle Partners, a Chicago commercial real estate firm, to liquidate the retailer's real estate interests in 205 closed stores, including one at 1411 S. Main St., Blacksburg. The company expects to sublease the stores.
VTLS Inc., a Blacksburg library automation company, said it has developed a new system, VIRTUA, which includes online public access catalogs, circulation and acquisitions components. The company said it expects to test the new system beginning early next year at two universities.
Webb's Oil Corp., a Roanoke petroleum wholesaler, said it has received a contract from the Commonwealth of Virginia to provide heating fuels to state facilities in Campbell, Henry, Rockingham and Smyth counties.
Charles R. Simpson Inc., a housing contractor, this month is opening Oaks of Windsor, a 12-lot subdivision off Deyerle Road in Roanoke. The neighborhood features traditional brick homes on wooded lots. The houses are priced at $250,000 and higher. Lots are 15,000 to 18,750 square feet.
Scott-Gallaher Inc. of Cloverdale has been named a distributor for heavy construction equipment made by Kobelco America Inc., a subsidiary of Kobe Steel Ltd. The local company will offer sales, service, parts and rental of Kobelco equipment in Western Virginia.
by CNB