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...heating up again. Allied Stores, owner of Brooks Brothers and Bonwit Teller, last week announced a $3.56 billion merger with the Edward DeBartolo Corp., the largest U.S. developer of shopping malls. The aim of the Allied marriage: to avoid a $3.5 billion offer from a Canadian developer, Campeau, which promptly sued to block the Allied-DeBartolo union...

Author: /time Magazine | Title: Takeover Tugs-of-War | 6/21/2005 | See Source »

Federated Department Stores emerged from two years of Chapter 11 proceedings in February after new managers shed $5 billion of the $8.2 billion of debt that previous owner Robert Campeau had accumulated. Federated -- the parent of Bloomingdale's, Rich's, Burdines and other chains -- spent much of the Chapter 11 period reorganizing its finances and closing weak stores. Macy's also got a new-management look last month when chairman Edward Finkelstein resigned after filing Chapter 11 papers in January. Finkelstein had come under increasing fire since using debt to achieve a $3.7 billion buyout of Macy...

Author: /time Magazine | Title: The Bankruptcy Game | 5/18/1992 | See Source »

Just as Indiana Jones fades into movie-hero history, along comes a new celluloid icon: Canada Campeau! The country's National Film Board is finishing up a $1.8 million TV movie called simply Campeau, which traces the career of the Ontario-bred real estate king, Robert. Never mind that Campeau's quixotic takeover of the U.S. department-store chains Allied and Federated led to bankruptcy for both, or that even his own holding company ousted him from its chairmanship. The movie's makers acknowledge that theirs is a "generous" view of Campeau as an enterprising hometown hero who made fortunes...

Author: /time Magazine | Title: Entertainment: Snow Job From Up North | 11/25/1991 | See Source »

...then there's John Rothchild's delectable Going for Broke, due out next month. It describes how Robert Campeau, a flamboyant French Canadian real estate developer who had absolutely no retailing experience -- who at the time of his bid may have never even been in an Allied department store! -- managed to acquire first Allied and then Federated, ultimately controlling a U.S. retailing empire with $9 billion in sales -- and $11 billion in debt. A short time later, of course, Campeau's empire collapsed -- but this is my point! Campeau went bust; Trump's on a leash; the guy who rented...

Author: /time Magazine | Title: Money Angles: It Doesn't Take a Genius to Make a Killing | 10/21/1991 | See Source »

Wall Street is even more concerned about the company's problem loans at home. In the wake of the bankruptcy of Canadian raider Robert Campeau in January, analysts began to worry about Citicorp's high-risk loans for corporate buyouts. Another problem area: nonperforming real estate loans, which rose by 112% in 1989, to $1.3 billion...

Author: /time Magazine | Title: Citicorp Fights to Rise Again | 7/30/1990 | See Source »

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