Word: playtex
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DIED. Abram N. Spanel, 83, founder in 1932 and chairman from 1949 to 1975 of the International Latex (now Playtex) Corp., the bra and girdle maker, who was also a notable philanthropist, mostly to medical research, and a gifted inventor who held more than 2,000 patents; of congestive heart failure; in Princeton, N.J. Born in Russia and reared in Paris until at ten he moved to the U.S., Spanel was probably best known to the public for his habit of regularly buying newspaper space, at a cost of millions over four decades, to promote his beliefs, notably world unity...
...takeover fever that has infected American business continued to burn unabated last week. Beatrice Foods, which owns such brands as Tropicana orange juice, La Choy Oriental food and Swiss Miss chocolate mix, offered $2.8 billion for Esmark, which owns Playtex, Max Factor and Avis. The bid, which Esmark approved, topped by $400 million the offer made only three weeks earlier by the New York investment banking firm of Kohlberg Kravis Roberts, and was $300 million more than Beatrice's earlier...
...fight to the death." Another veteran, two-time Wimbledon Winner Martina Navratilova, 25, slammed to a 6-1, 3-6, 6-2 victory over Chris Evert Lloyd, 27, in the women's final. The victory offered a bonus: $500,000 for winning the first three tournaments in the Playtex Challenge (the other two were the U.S. Indoors and the Family Circle Cup). Centre Court matters concluded, the Wimbledon governing body-which had refused McEnroe membership last year as punishment for his superbrat behavior-issued a final decision: "The committee of the All England Lawn Tennis and Croquet Club announce...
...spots in the Third World. In Accra, Ghana, a three-mile taxi ride costs $10.92. A drink in a bistro in Kinshasa, Zaïre, is $6.05. The most expensive city in the world at present is Bridgetown, the capital of Barbados, where U.S. companies, including TRW, Intel and Playtex, operate manufacturing plants to take advantage of low wage rates. A hotel room with breakfast there is a stunning $155.36. The world's least expensive city this year, as last, is Peking. A capitalist looking for a share of the China trade can dine on Peking duck...
...most space on store shelves leads at the cash register, and giant P&G generally has more space than its rivals. The competitor that suffered most from P&G's push for Rely was Tampax, whose market share slid from 52% to 40% as Rely's grew. Playtex tampons, Kimberly-Clark's Kotex and Johnson & Johnson's o.b. also lost ground to Rely...