Word: chaine
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Dates: during 1960-1969
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...million-a-year Gulf & Western makes and sells auto parts throughout the U.S., controls 57 subsidiary companies, and has branched into the manufacture of jet-engine parts, guitars, and survival equipment for spacemen. Through his own outside investments, Bluhdorn also controls the East's 197-store Bohack supermarket chain, and is the third largest shareholder in Ward Foods...
They started the week in Washington with a reception attended by 1,200 members of the National Press Club and the Women's National Press Club. Meg and Tony did most of the asking. When a girl reporter told Meg that she worked for a national chain, the Princess caught on at once: "Dotted hither and yon, eh?" One chap answered Tony's query by saying he was retired. "I'm retired too," said Quondam Photographer Armstrong-Jones-though in fact he still moonlights camera assignments. Tony interrogated every press photographer he could buttonhole about equipment...
...papers to buy in Canada, Thomson shifted overseas and bought Edinburgh's venerable Scotsman. He took advertising off the front page and perked up the news coverage. He waded into television, setting up Scotland's first commercial channel. He bought Lord Kemsley's newspaper chain in 1959 and found himself on Fleet Street as the proprietor of the august Sunday Times...
...biggest companies, the trend is to cut off the former bosses rather sharply. Many of the retired themselves sympathize with that policy. Says Joseph B. Hall, former chairman of Kroger Co., the Cincinnati-based grocery chain: "I'm in favor of a retiring officer clearing out completely. The new chief executive should get every break." General Motors' John Gordon, 65, has seldom been seen at G.M. since he left the presidency in June. Ralph Cordiner, 65, retreated to the serenity of his Florida cattle ranch two years ago upon retirement as chairman of General Electric, emerged only briefly...
...Vitamin with Revlon and of whisky-importing Buckingham Corp. with Schenley. Last year Lehman negotiated some 20 mergers, for which the purchase prices totaled more than $700 million. Goldman, Sachs last year put through more than ten key mergers, including Genesco's acquisition of the Kress variety-store chain, Transamerica's purchase of Braniff and Lanvin's purchase of Charles of the Ritz. Other major deals were brought off by such investment bankers as Morgan Stanley, First Boston, and Kuhn, Loeb...