Word: gimbel
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Dates: during 1950-1959
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Rosenfeld had more than new dresses to show off; he had also brought out a line of low-priced women's suits, his first venture into that field. He got the idea from Adam Gimbel, president of Manhattan's Saks Fifth Avenue, who asked Rosenfeld for some summer suits to sell for $25. In less than six weeks, Rosenfeld sold 125,000 suits to stores all over the U.S., and Saks alone thinks that it may sell...
Died. Ellis A. Gimbel, 84, department-store magnate (Gimbel Brothers, Inc., Saks Fifth Avenue), philanthropist; in Philadelphia...