The landscape of the award jacket business may have just changed dramatically. According to a report in a local Iowa paper, DeLong Sportswear Inc. has abruptly closed three locations in the state as part of a move to dissolve the company. The report said that DeLong Sportswear, based in Grinnell, Iowa, closed all locations Monday and notified employees that the business would not reopen.
Repeated phone calls to company officials were not returned, according to the article.
According to DeLong Sportswear's website,
DeLong Sportswear, founded 150 years ago, is the largest privately-owned maker of school and collegiate award jackets, sports outerwear and team headwear in the United States. DeLong is family owned and primarily serves an independent dealer network through its professional sales representatives.Bill Menner, executive director of Powesheik Iowa Development, an economic development agency in Grinnell, told the Des Moines Register that employees were told Chapter 7 bankruptcy is in the works. As of Wednesday, no papers had been filed.
“No one in town has heard anything from the leadership team directly, but it's our understanding that they've shut down,” said Menner. “Frankly, this did come as quite a shock. All we're hearing is second-hand from employees. That' all we know.”
Former employees were scheduled to meet yesterday at a meeting held by the Iowa Workforce Development to answer questions about such topics as unemployment insurance, food stamps or job retraining benefits.