Hanover Direct Warned of Delisting
Edgewater, N.J., The American Stock Exchange put Hanover Direct on notice that the exchange will seek to delist the company’s HNV ticker symbol. The company’s stock price was under $1.50 Friday afternoon. The company’s catalog and Internet portfolio of home fashions, apparel and gift brands include Domestications, The Company Store, Company Kids, Silhouettes, International Male, Scandia Down, and Gump's By Mail. The Company owns Gump’s, a retail store based in San Francisco.
The company is investigating its accounting and the causes for the restatement of its financial reports for the years 1999 through 2003 and the first two quarters of 2004.