Word: distributorship
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Thomas first set up Wynn in a liquor distributorship and then arranged for him to buy a tiny parcel next to Caesars Palace that was owned by Howard Hughes. News of the sale to Wynn made front-page headlines because it was the first piece of Las Vegas property the reclusive Hughes had ever sold; what also got noticed was the price Caesars paid for the lot 11 months later to keep Wynn from building his own casino there ($2.25 million). Wynn walked away with a nice $766,000 profit. He used that money to accumulate more stock...
They've got lots of company all across the country. At Tower stores nationwide, Efil4zaggin was the No. 2 seller for the week ending June 10; at Central South Music Sales, a Nashville-based distributorship, it was No. 1 for roughly the same period. Tom Myers of the Camelot Music shop in Springfield, Mo. -- whose patrons tend to be suburban kids rather than ghetto gang members -- says the similarly fast sales in his store "are very uncanny for a rap title...
...Ansco camera; he went on to become an Army photographer. With a bankroll of $40,000 from later work as a still photographer, he bought his first business, a bankrupt Baltimore company that removed shipping wax from imported autos. Over the ensuing years, he bought and expanded a Subaru distributorship and developed commercial office space. "In 1987 I looked at the economy and said it's time to be out of the automotive business. I sold my distributorship, lightened up on my real estate and moved to Hollywood. I think entertainment is a good business...
Bareknuckle competition is the credo of American business, but James and Linda Newton may have taken things too far. In a lawsuit filed last week, Procter & Gamble accuses the Parsons, Kans., couple of promoting their independent Amway distributorship by linking P&G to satanism. The Newtons allegedly circulated a flyer claiming that the president of P&G "gave Satan all the credit for his riches" and offering information on "alternative products." For more than a decade, P&G has been bedeviled by the satanism charge. Tales that its 108-year-old moon-and-stars logo was demonic forced the symbol...
Last year, they got the distributorship,planned the business and looked for a location."We didn't want our own store because that wouldbe too large and too much of a deal," says Black...