Dawahare family files intent to close remaining clothing stores

By JIM BROOKS
Nelson County Gazette

Friday, July 4, 2008, 7 p.m. -- After 101 years and four generations, the Dawahare family filed notice that it intends to close its remaining clothing stores.

The Lexington-based business filed notice in U.S. Bankruptcy Court on Thursday that it has been unable to raise the cash it needs to continue operating and will shut down Sept. 30st.

Dawahare's said it expects the liquidation of its 22 Dawahare's and Cat Bird Seat stores statewide to begin July 14th and to end by Sept. 30st.

About 400 employees are affected in addition to the 107 who lost jobs in the first round of store closings that involved seven locations.

The company filed for chapter 11 reorganization on May 30th, declaring nearly $9.3 million in debts and about $10 million in assets.