Aaron Feuerstein is making headlines again. The beloved entrepreneur who became famous in 1995 for keeping his workforce intact following a devastating mill fire took one step closer to righting his company, the Boston Globe reports. Malden Mills, which makes fleece, will emerge from Ch. 11 bankruptcy in 11 days. The catch--isn't there always one?--is that Feuerstein has to raise $92 million by then in order to ensure that he continues to control the company. The business suffered in particular when sales of Polartec fleece took a dive in recent years; new products geared toward the military have helped Malden Mills rebound.
Last updated: Aug 15, 2003
MIKE HOFMAN was previously editor of Inc.com and a deputy editor at Inc. magazine, which he joined in 1996. The site was nominated for a National Magazine Award for Digital Media in 2010, and was named the best business website by Folio Magazine. In 2006, Hofman was part of a team of writers nominated for a Webby Award for best business blog. He lives in New York City. @mikehofman