Word: biddinger
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In the highly competitive textile industry, there are few business secrets. But nobody was prepared for two surprises pulled last week by Burlington Mills Corp., biggest U.S. producer of synthetic textiles. Burlington first startled the industry by announcing that it was buying control of Pacific Mills (about seventh-ranking producer...
Last week Necchi served notice that it is bidding for an even bigger share of the sewing-machine business. It announced that it will produce, for marketing in mid-1955, a new zigzag model with 56 half-dollar-sized, molded disks that can be slipped in to turn out hundreds...
BURLINGTON MILLS Corp., No. 1 U.S. producer of synthetic textiles, is bidding for control of Pacific Mills (which ranks seventh in cottons and woolens). In one big deal Burlington bought (mostly from Ely & Walker Dry Goods Co.) close to 20% of Pacific's 959,052 shares at $50 each...
To Hollywood Haberdasher Harvey Othel Knox, 45, picking a college for stepson Ronnie was simply a business transaction-like selling a $250 suit. A handsome 180-pounder, long-legged (6 ft. 1 in.) Ronnie was one of the hottest high-school backfield stars ever to hit Southern California. Some 27...
SYNTHETIC RUBBER PLANTS put up for sale to private industry have proved far more popular than anyone expected. The Government last week closed the bidding for 27 wartime plants after getting a total of 74 bids from 34 companies, including most of the U.S. oil, chemical and rubber giants. A...