Tam’s Chain Emerges From Bankruptcy
COSTA MESA — Tam’s, a chain of stationery and office-products stores, emerged from U.S. Bankruptcy Court on Tuesday with plans to go public in two years.
“We’ve restructured our debts, streamlined our operations, refocused our marketing and we’re now expanding and growing into new national markets,†said Michael Davis, the company’s chief executive.
With 23 stores and more than 250 employees, Tam’s is one of the oldest and largest stationery chains in Southern California. The Costa Mesa company plans to open stores in Mission Viejo and UCLA.
Tam’s, purchased in 1990 by Maruzen, a Japanese company, filed for bankruptcy protection in April, 1994.
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