Word: garfinckel
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Died. Winthrop Holley Brooks, 73, former president (1935-46) and board chairman (1946-51) of sartorially impeccable Brooks Brothers, fourth successor to Founder Henry Sands Brooks, who wanted to be a cowboy but reluctantly tended the store until he sold "B.B." in 1946 to Washington's Julius Garfinckel & Co.; after a long illness; in New York City...
...interesting facts: a gross estate of $1,234,516, and Hughes's high respect for government and municipal bonds as a safe and proper investment. They accounted for $1,101,748 of his estate, while only $39,078 was in private corporation stock-a lone investment in Julius Garfinckel & Co., Washington specialty store...
With the purchase of De Pinna, which grossed $5.4 million in its last fiscal year, Garfinckel's has eleven outlets in five states and the District of Columbia, and has not stopped expanding. The next stop is Chicago, where Brooks Brothers plans to display its famed Golden Fleece trademark (see cut) in a new branch next fall...
...fashion needs of the well-heeled have been Garfinckel's chief concern ever since Founder Julius Garfinckel opened his shop on Washington's F Street in 1905. He stocked it with such things as French handbags, fine furs, lingerie and jewelry, built up such prestige that Garfinckel's soon became the most fashionable store in the capital. A vegetarian and health faddist, he kept his office desk on an open-air terrace except in coldest winter. He built his business to a gross of $3.2 million without ever running display advertisements in a newspaper or magazine...
Three years after Julius' death in 1936, new President William E. Schmid, a Garfinckel veteran who had begun his business career as a clerk in a packing house, began making changes. He launched ad campaigns, even wriggled into television with a demonstration by a model of a two-way stretch girdle. Sales have grown until last year Garfinckel's gross was $21.6 million...