Metric Hosiery Company

Metric Hosiery Company
Company typePrivate
IndustryClothing manufacturer
FoundedJanuary 1930 (1930-01) in New York, United States
FoundersWeiss & Cahn
Headquarters442-448 Fourth Avenue,
Manhattan
,
USA
ProductsHosiery

The Metric Hosiery Company was a New York City clothing manufacturing firm.

Business history

Metric Hosiery leased property at 442-448 Fourth Avenue in January 1930[1] and incorporated in November 1932. The owners' names were Weiss & Cahn and the business was located at 220 West 42nd Street (Manhattan). The corporation's initial market capitalization was $20,000.[2] The manufacturer was represented in advertising by the Theodore J. Funt Company, in November 1945.[3]

At one point Metric Hosiery was a client of Raymond Loewy, "the father of industrial design".[4]

Metric lost out to a rival business when E. J. Korvette stores transferred their buying of hosiery to Maro Industries. Gabriel I. Levy, a Yonkers lawyer, filed a $4.6 million damage suit in 1966 in United States District Court for the southern District of New York, in hopes of breaking up a one-year-old merger between Maro's Spartans Industries and E.J. Korvette.[5][6]

References

  1. ^ Business Leases, New York Times, January 10, 1930, pg. 42.
  2. ^ New Incorporations, New York Times, November 14, 1932, pg. 34.
  3. ^ Advertising News And Notes, New York Times, November 29, 1945, pg. 36.
  4. ^ raymond loewy Archived 2008-12-22 at the Wayback Machine
  5. ^ Suit Seeks To Split Spartans, Korvette, New York Times, October 18, 1967, pg. 71.
  6. ^ "60-P Metric Hosiery Company v. Spartans Industries, Inc.". Merger Case Digest 1982. American Bar Association. 1984. p. 536. Retrieved June 8, 2017.