BUSINESS BRIEFS
Bamboo Barn closing down
Advertiser Staff and News Services
The owners of Teak & Asian Treasures/Bamboo Barn will close their doors for good after more than 30 years of doing business on Ward Avenue.
The business opened in January 1974 as the Bamboo Barn at the corner of Ward Avenue and Kawaiaha'o Street. The company specialized in rattan furniture, baskets, decorating materials and other woven products.
But owners Bob Short and Garry Corwin said this week that they have decided to close their business and retire. They said they expect to close by late April.
"We want to thank all of the customers that have shopped with us all these years," Short said in a press release.
AMERON SALES DOWN IN HAWAI'I
Ameron International Corp. said profit rose in the three months ended Feb. 27 as better performance at its fiberglass-composite pipe group's operations offset lower sales and income in Hawai'i.
The company reported that its Hawai'i division sales were lower because of wet weather on O'ahu and Maui and fewer shipping days compared to the same period a year earlier. Net income for Pasadena, Calif.-based Ameron rose to $8.47 million from $3.61 million a year earlier.
AZABU REVISES BANKRUPTCY PLAN
Azabu Buildings Co. Ltd., owner of Hawai'i's Hyatt Regency Waikiki Resort & Spa, yesterday filed an amended disclosure statement and bankruptcy reorganization plan. U.S. Bankruptcy Judge Robert Faris in Honolulu conditionally approved the disclosure statement, meant to explain the reorganization plan to creditors, at a March 16 hearing. The revisions include an executive summary and additional disclosures.
Once Faris approves the revisions, Azabu can send the disclosure statement to creditors with ballots to vote on the company's exit plan, and will seek court confirmation of the plan at a hearing May 3.
