Business & Finance: Soft Collars

Not so long ago, an enterprising gentleman named Van Heusen invented a soft collar for male wearers, and obtained basic patent rights to the product. Subsequently, he sold these patents to the Phillips-Jones Co., and has received $1,000,000 in royalties for this invention. So many consumers became converts to the soft collar that existing makers of hard collars began to feel the competition seriously, began to make soft collars themselves, in alleged violation of the Van Heusen patents. Chief among these were Cluett, Peabody & Co., Earl & Wilson, Manhattan Shirt Co., Hall Hartwell...

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