This glass mug reproduces a front-page story in the Daily Independent of Kannapolis, Feb. 4, 1982.
An odd keepsake – but local news didn’t get any bigger than the sale of privately owned Cannon Mills to serial entrepreneur David Murdoch. Three years later Murdoch sold the company to Fieldcrest, which unloaded it on Pillowtex in 1997. In 2003 Pillowtex filed Chapter 11 bankruptcy and shut down 16 plants in North America. Some 4,800 Pillowtex workers were in North Carolina — the largest mass layoff in state history.