Word: bonwit
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Atlas Corp., retired last year at 68 to his Indio, Calif., ranch, the smart money bet that it would not last. Odlum, the argument ran, was constitutionally incapable of slowing down after 37 years of buying, revitalizing, and selling off such companies as Paramount Pictures, Hilton Hotels, Greyhound Corp., Bonwit Teller and Atlantic Refining. Last week, after 16 months of restless ease, Odlum proved the smart money right, swung back into action as chairman of Salt Lake City's Federal Resources Corp. Federal's assets are a paltry (for Odlum) $6.6 million in beryllium, uranium and silver mines...
With personal income at an alltime high, holiday spending was heavy. In Manhattan last week, Bonwit Teller's, Ohrbach's and Macy's all rang up one-day sales records. In Detroit, Christmas sales were up some 3% over record last year. At week's end most merchants were still too busy totting up sales slips to know just how merry a Christmas...
That is not all they did, as a walk from Copley Square to the docks will show you. The Museum of Natural History has become Bonwit Teller, and the S.S. Pierce Building at Copley is now a parking lot, but Faneuil Hall, Quincy Market, and the granite warehouses of North and South Market streets survive among less austere surroundings...
...Walter Hoving, 62, quit as president and chairman-designate of Manhattan-headquartered, high-fashion Bonwit Teller, also resigned as president of the Hoving Corp., a holding company that controls 52% of Tiffany's but is in turn held by the giant (1959 sales: $276 million) Genesco, Inc. Taking over as president at Bonwit Teller is Edgar Wherry, 54, now vice president of J. W. Robinson, a Los Angeles department store chain, and longtime merchandise manager at Manhattan's Lord & Taylor. Reason for Hoving's move: he hopes to buy Tiffany's from Genesco...
Last week Manhattan's oldest fur store had a new owner. Walter Hoving's Hoving Corp., which already operates 60-year-old Bonwit Teller next door and nearby 121-year-old Tiffany & Co., added Gunther-Jaeckel, Inc. to its string. In taking control of Gunther-Jaeckel, Hoving got more of the kind of elegant tradition he likes, also a challenge to his merchandising skill (Gunther-Jaeckel last paid a dividend in 1945). But fellow merchants figured he would soon figure out a way to fit Gunther-Jaeckel into his spreading operation. Pursuing a policy of aggressive expansion...