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Financial difficulties are forcing Lois USA to recombine its two independent shops here.
“Our bank has informed us there’s trouble with our bank agreements. We’re in negotiations to sort them out,” said Ted Veru, president of New York-based Lois USA.
Though Veru declined further comment, he noted that a previously plan to create two independent shops–Lois Chicago and Fogarty Klein & Partners 312–would probably not be completed.
The original decision to divide Lois EJL was aimed at solving a culture clash that arose when Lois merged its Chicago operations with Eisaman Johns & Laws in 1996, sources said.
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