Word: distributor
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...makers, who offered profit margins so small that supermarkets were forced to turn to private brands. "Take the case of detergents," says pro-national-brands Paul Willis, president of Grocery Manufacturers of America. "There's as much as a 40?difference in price on some sizes at the distributor's level." The reason: manufacturers with more capacity than orders take on a job of putting out a big-volume private label without allocating their production costs realistically...
...strong were Chicago mobsters in the jukebox trade that they even pushed certain singers. Record Distributor Ted Sipiora said that he was once ordered to stock Crooner Tommy Leonetti's newest record. Protested Sipiora: "It isn't good enough to get on the boxes." As his caller talked, he fingered and tossed "what we felt was a bullet," and said: "These things can be dangerous. They penetrate flesh." Soon afterward, said Distributor Sipiora, he began getting calls for the Leonetti record from operators who had heard the same sales pitch...
...Rackin. The Duke joined up for $750,000 and 20% of the net, and later Bill Holden was only too willing to come in on the same ducal terms. Of the rest of the pie, 20% each went to the backers of the whole deal (Mirisch Co.), to the distributor (United Artists), and to Mahin-Rackin. Said Wheeler-Dealer Marty Rackin as Horse Soldiers was being readied for release: "Hollywood's gone crazy. It'll have to find its level again when all this dies down...
Frank R. Armour Jr., 50, was elected president of H. J. Heinz Co., the first non-Heinz to hold the job since the firm started as a horse-radish distributor in 1869. He succeeds H. J. Heinz II, who became chairman of the board. Armour (no kin to Chicago's meat-packing Armours), went to work at Heinz in 1927 as a visitors' guide, held 57 varieties of jobs within the company. He worked in sales and advertising, became general manager of manufacturing in 1946, a vice president in 1949, executive vice president in 1957. Armour will...
Business in rebel country is nearly dead. The 'Esso distributor in Santiago, who used to sell 2,000,000 gal. of gas monthly, now sells 250,000; the Pepsi-Cola, Coca Cola and Canada Dry plants operate only two or three days a month. Bacardi Rum's main plant, which used to produce 144,000 bottles a day. last week closed for the first time since 1862. Eggs that once cost 4? apiece are now 10?: most food prices are up at least 40%. Holguin (pop. 82,000) has had no electricity for more than a fortnight...