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Fruit of the Loom freed by Farley for 'branded consumer goods.' (William Farley)
Daily News Record
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March 12, 1987|
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COPYRIGHT 1987 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Fruit of the Loom Freed by Farley For 'Branded Consumer Goods' NEW YORK (FNS) -- Fruit of the Loom, once buried in a conglomerate that had everything from oil and gas to cement and batteries, is now a free-standing public company devoted to the manufacture of underwear for men and women, screen print shirts and socks.
But William Farley, its chief executive officer, prefers to describe it as a "branded packaged consumer goods company." Farley adds, "I don't look at it as an underwear company."
In mid-1985, Farley, a dealmaker and former investment banker, ...
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