The continuing saga at Malden Mills Industries Inc. is turning into a case study of whether altruism makes good business sense. Six years ago, the Lawrence textile company gained fame after owner ...

LAWRENCE, Mass., Nov. 29 -- Malden Mills Industries Inc., the company made famous when it kept its employees on the payroll while it recovered from a devastating fire, filed for Chapter 11 ...

The unsolicited contributions started eight years ago, after the CEO became a hero for refusing to lay off workers after a fire devastated his Malden Mills Industries Inc. textile plant.

Not so at Malden Mills, the textile company in Lawrence, Mass., that invented the fabric Polartec. As 60 Minutes reported last year, Malden Mills also filed for bankruptcy protection, but that's ...

After a fire destroyed most of the Malden Mills textile complex in Lawrence, Mass., in December 1995, the owner, Aaron Feuerstein, kept paying his 1,400 workers for another three months ...

The next day, the devastated but not defeated owner of Malden Mills Industries Inc. captured the nation’s attention by vowing to pay his 3,100 employees — including 1,400 in Lawrence — for ...

Six years ago Aaron Feuerstein, CEO of Malden Mills in Massachusetts, rose to international fame and became something of a legend in the world of business ethics by continuing to pay his employees ...

Polartec, the Andover textiles company formerly known as Malden Mills, is changing hands again. The company, which pioneered the production of synthetic fleece, said Tuesday that it would be ...

(JTA) — Aaron Feuerstein, who became known as the “Mensch of Malden Mills” for continuing to pay his workers even after the textile factory he owned burned to the ground, died at 95 on Thursday.