Metric Hosiery Company

The Metric Hosiery Company was a New York City firm which 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. The former hosiery mill agent filed the civil suit in United States District Court for the southern district of New York, in hopes of breaking up a one year old merger between Spartan Industries and E.J. Korvette.^[1]

Business history

Metric Hosiery leased property at 442 - 448 Fourth Avenue (Manhattan), in January 1930.^[2] The business was listed as a new incorporation 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.^[3] The manufacturer was represented in advertising by the Theodore J. Funt Company, in November 1945.^[4] At one point Metric Hosiery was a client of Raymond Loewy, the father of industrial design.^[5]

References

1. ^ Suit Seeks To Split Spartans, Korvette, New York Times, October 18, 1967, pg. 71.
2. ^ Business Leases, New York Times, January 10, 1930, pg. 42.
3. ^ New Incorporations, New York Times, November 14, 1932, pg. 34.
4. ^ Advertising News And Notes, New York Times, November 29, 1945, pg. 36.
5. ^ raymond loewy