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...asked Rita Hayworth what she thought of Esther Williams, and Rita told me she thinks Esther is a good swimmer. Later on I asked Esther about Rita, and she said Rita is a good dancer . . . Curt Jurgens had a simple party at Cap Ferrat-twelve guests, the butler, the chauffeur, the cook, the secretary, one monkey, five parrots, and two dogs . . . Elsa Maxwell, looking like a weather-beaten hill, stood in the lobby of the Excelsior under a big straw hat which made it hard to tell what was front and what was back...

Author: /time Magazine | Title: The Press: Wiener-Schnitzel Winchell | 6/13/1960 | See Source »

After three months of complex dealing, a giant new corporation shouldered its way last week into the top ranks of low-priced specialty chain stores. The new company, the McCrory Corp., was formed from three chains-the B.T.L. holding company (a corporate shell of the Butler Brothers variety chain), United Stores Corp., and the McCrory-McLellan Stores Corp. With 461 stores, the new company will rank fourth among U.S. low-priced chains (first three: F. W. Woolworth, W. T. Grant, S. S. Kresge). The man who masterminded the merger is Meshulam Riklis, 36, who in only nine years has risen...

Author: /time Magazine | Title: CORPORATIONS: The Rapid Riser | 6/6/1960 | See Source »

...Riklis did have well-placed friends. One of them, Beverly Hills Investment Banker B. Gerald Cantor, a director of both American Colortype and Butler Brothers chain stores, tipped off Riklis that Butler Brothers was a good buy. Riklis bought enough Butler Brothers stock to place four men on the nine-man board. Then he sold off American Colortype's Chicago plant for $6,000,000, used the money to gain working control of Butler Brothers. The acquisition greatly boosted Rapid-American's sales. They soared from $18 million in 1957 to $225.688,405 last year, although earnings...

Author: /time Magazine | Title: CORPORATIONS: The Rapid Riser | 6/6/1960 | See Source »

Empire Building. Last February Riklis had a chance to sell Butler Brothers to City Products Corp. for $50 million-of which $34 million was in cash. With the cash he set up B.T.L. as a corporate shell, and went shopping. For $7,000,000 in cash he bought 38% working control of United Stores-which in turn controls the McCrory-McLellan chain of stores-from the H. L. Green chain, which was having its troubles. (Green had merged with Maurice Olen's chain of stores in the fall of 1958, but Olen has been charged with overstating his assets...

Author: /time Magazine | Title: CORPORATIONS: The Rapid Riser | 6/6/1960 | See Source »

...trickiest carpentry job of the year belongs to the man who will have to hammer together a campaign platform for the much-splintered Democratic Party. Last week National Chairman Paul Butler picked a platform chairman who, like Butler, 1 ) wants a strong civil rights plank, and 2) is on record as supporting Jack Kennedy for the presidency. Butler pushed Connecticut's freshman Congressman Chester Bowles, 59, and the party's arrangements committee, meeting in Los Angeles, unanimously accepted...

Author: /time Magazine | Title: National Affairs: The Bowles Boomlef | 5/2/1960 | See Source »

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