Great Rate
APY
*
Kosins Is Closing
W ith an interest rate this great, don't
Surnmer sale fails to save Lathrup Village
men's apparel store.
wait! Get your Certificate of Deposit
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today!
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GROWTH & INCOME
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NOW PAYING ON 6 MONTH CERTIFICATES
Annual Yield Based On
7.12%
he last-gasp sale of $3 mil-
lion in inventory in an at-
tempt to save Kosins
Clothes didn't work. The
Lathrup Village store has begun
holding a "going out of business"
sale with plans to close around
the end of October.
"There's a feeling of sadness
about what's happened, no doubt
about it," said Kosins CEO and
president Norman Wachter. "Like
T
our 40 employees, I've begun look-
ing for new work, new challenges.
I'm trying to help our employees
find jobs."
Founded in Detroit by Max
Kosins in 1925, Kosins Clothes
became one of the country's lead-
ing men's apparel stores until a
series of events, including the
January 1991 death of co-owner
Harry Kosins and the recession
which followed the November
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