Chicago-based manufacture Hartmarx Corp has filed Chapter 11 bankruptcy due to the substantial decline in luxury consumer spending and tight credit markets. The 125-year-old company is one of the preferred suit makers of President Barack Obama. Hartmarx designed the suit, tuxedo and topcoat the President wore for both the inauguration ceremony and gala events. The company also dressed President Obama on Election Night in a dark navy custom-made suit.—QS
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