Veteran Ginn exits shut-down startup
November 13, 2002,
Dalton, GA — John Ginn, a long-time veteran of the blanket business, has left American Blanket Corp., the startup importer of high-pile blankets and throws he helped to found, after the company's Saudi Arabian parent decided to shut down the two-year-old company because of sluggish sales and a downturn in the U.S. economy.
American Blanket had imported and marketed a line of premium-quality, raschel-knit, high-pile acrylic blankets and throws. It shared offices and warehousing in Dalton, GA, with a sister company, United Weavers of America, which remains unaffected by the move.
But hit by a downturn in the U.S. economy and overall sluggish retail sales, American Blanket failed to meet its sales targets and was shuttered, he said.
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