Word: hawley
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...Hugh still has his backers, including Carter Hawley Hale Stores, Inc., which invested $68 million in the House of Fraser two years ago in exchange for a 20% interest; the company also owns Neiman-Marcus in Dallas and Bergdorf Goodman of New York. From his Los Angeles office last week, Chairman Edward W. Carter said he felt "very sorry" about Fraser's personal problems but believed they had not harmed the business. Said he: "Fraser runs the company, and he does it well...
Even the eruptions of hockey can be misperceived. Says New York Islander Official Hawley Chester: "Hockey is actually not as tough as it used to be years ago when there were only six professional teams. The competition was very tough." Then why does the sport seem so bloody? "There's more coverage of isolated incidents. Television and the press have accentuated the violence...
Stores Corp. 12%, to $418 million. Carter Hawley Hale Stores Inc., parent of Bergdorf Goodman and Neiman-Marcus, showed an 8.1% increase, to $292 million. Bloomingdale's is a part of Cincinnati-based Federated Department Stores, Inc., the nation's largest department-store chain?and Federated turned in one of the best showings of all. Its sales rose 13.4%, to $883 million, in the third quarter, and its profits leaped 46%, to $34 million...
...Beta Kappa graduate of the University of California and Harvard Business School, Hawley sold his four ice-cream shops in 1952 and went to work for a Portland department store. He joined Broadway-Hale six years later as a buyer, was adopted as protégé by Board Chairman Edward Carter, and was named president...
Included in his retailing domain are more than 400 department and specialty stores, gift and book shops. Their profitability is due largely to Hawley's willingness to let his company's acquisitions maintain their separate personalities. "The best way for Neiman-Marcus to survive," he says, "is to let Stanley Marcus run it." Hawley is now negotiating to buy 20% of Britain's House of Fraser Ltd., owner of the prestigious Harrods of London and 90 other United Kingdom stores. The purchase will be a cornerstone of Hawley's plans to boost company profits ($39.8 million...