Allen Questrom
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Allen Questrom
Allen Irving Questrom (born April 13, 1941 in Newton, Massachusetts), is a retired retailing executive. He served as CEO of Federated Department Stores, Neiman Marcus, Barneys New York, and J. C. Penney. He is also a Senior Advisor of Lee Equity Partners, LLC. Allen graduated from Boston University in 1964. The following year, he joined Abraham & Straus as an executive trainee, eventually rising to merchandising manager. After eight years at A, & S., Allen joined Bullock's in 1973, spending five years there as vice president and general merchandise manager and later as executive vice president. In 1978, Allen became president of Rich's. In February 1980, Questrom was named chairman and chief executive officer of Rich's, succeeding Joel Goldberg. Questrom resigned from Rich's for personal reasons in January 1984, and was succeeded as chairman and chief executive by president James M. Zimmerman. After spending the next several months traveling the world, Questrom was named cha ...
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Newton, Massachusetts
Newton is a city in Middlesex County, Massachusetts, United States. It is approximately west of downtown Boston. Newton resembles a patchwork of thirteen villages, without a city center. According to the 2020 U.S. Census, the population of Newton was 88,923. History Newton was settled in 1630 as part of "the newe towne", which was renamed Cambridge in 1638. Roxbury minister John Eliot persuaded the Native American people of Nonantum, a sub-tribe of the Massachusett led by a sachem named Waban, to relocate to Natick in 1651, fearing that they would be exploited by colonists. Newton was incorporated as a separate town, known as Cambridge Village, on December 15, 1681, then renamed Newtown in 1691, and finally Newton in 1766. It became a city on January 5, 1874. Newton is known as ''The Garden City''. In ''Reflections in Bullough's Pond'', Newton historian Diana Muir describes the early industries that developed in the late 18th and early 19th centuries in a series of mills b ...
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Boston University
Boston University (BU) is a private research university in Boston, Massachusetts. The university is nonsectarian, but has a historical affiliation with the United Methodist Church. It was founded in 1839 by Methodists with its original campus in Newbury, Vermont, before moving to Boston in 1867. The university now has more than 4,000 faculty members and nearly 34,000 students, and is one of Boston's largest employers. It offers bachelor's degrees, master's degrees, doctorates, and medical, dental, business, and law degrees through 17 schools and colleges on three urban campuses. The main campus is situated along the Charles River in Boston's Fenway-Kenmore and Allston, Massachusetts, Allston neighborhoods, while the Boston University Medical Campus is located in Boston's South End, Boston, South End neighborhood. The Fenway campus houses the Wheelock College of Education and Human Development, formerly Wheelock College, which merged with BU in 2018. BU is a member of the Bo ...
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Federated Department Stores
Macy's, Inc. (originally Federated Department Stores, Inc.) is an American conglomerate holding company. Upon its establishment, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the following year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over the department store chain Macy's. With the acquisition of The May Department Stores Company in 2005, the regional nameplates were retired and replaced by the Macy's and Bloomingdale's brands nationwide by 2006. Ultimately, Federated itself was renamed Macy's, Inc. in 2007. Macy's, Inc., has been headquartered within Macy's Herald Square in New York City since 2020; beforehand, its headquarters was in Cincinnati, Ohio. While Federated had a long history of preserving brand identities in each of their markets since its incep ...
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Lee Equity Partners
Lee Equity Partners is an American private equity firm focused on growth capital investments in middle-market companies across a range of industries. The firm, which is based in New York City, was founded in 2006 by Thomas H. Lee, the notable private equity investor who previously founded Thomas H. Lee Partners and also owns the Blue Star group of fund of hedge funds. History In March 2006, Thomas H. Lee resigned from Thomas H. Lee Partners as the firm was nearing completion of fundraising for its sixth private equity fund. In the same year, Lee formed Lee Equity Partners, a private equity firm focused on the same leveraged buyout transactions that he had been completing for nearly 35 years at THL. Both Lee and THL insisted that the move was amicable; however, persistent reports suggested that Lee, who had limited his day-to-day involvement in the firm and had relocated to New York City, had been pushed out by several partners. Among the first professionals to join Lee Equity ...
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Neiman Marcus
Neiman Marcus Group, Inc. is an American integrated luxury retailer headquartered in Dallas, Texas, which owns Neiman Marcus, Bergdorf Goodman, Horchow, and Last Call. Since September 2021, NMG has been owned by a group of investment companies led by Davidson Kempner Capital Management, Sixth Street Partners and Pacific Investment Management. History 1907–1949 Herbert Marcus Sr., a former buyer with Dallas' Sanger Brothers department store, had left his previous job to found a new business with his sister Carrie Marcus Neiman and her husband, Abraham Lincoln Neiman, then employees of Sanger Brothers competitor A. Harris and Co. In 1907, the trio had $25,000 from the successful sales-promotion firm they had built in Atlanta, Georgia, and two potential investments of funds. Rather than take a chance on an unknown "sugary soda pop business," the three entrepreneurs rejected the fledgling Coca-Cola company and chose instead to return to Dallas to establish a retail busin ...
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Barneys New York
Barneys New York Inc. is an American luxury brand founded in New York City in 1923. It has introduced major designers including Armani, Azzedine Alaïa, Comme des Garçons, Christian Louboutin, and Ermenegildo Zegna to the US market. Barneys New York was sold in November 2019 to Authentic Brands Group for $271.4 million. ''The New York Times'' reported that Authentic Brands Group's strategy is "essentially betting that the future of retail lies with abstract values." On Friday, January 15, 2021, Saks Fifth Avenue unveiled a 54,000-square-foot space on the fifth floor of its flagship in New York, titled Barneys at Saks. The collaboration is aimed at continuing Barneys New York tradition of unearthing and promoting emerging designers. On Monday, January 25, 2021, Saks Fifth Avenue unveiled the first standalone Barneys at Saks store at a 14,000-square-foot location in Greenwich, Connecticut. Operations under Pressman family ownership Early history Barney Pressman initially opene ...
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Abraham & Straus
Abraham & Straus, commonly shortened to A&S, was a major New York City department store, based in Brooklyn. Founded in 1865, it became part of Federated Department Stores in 1929. Shortly after Federated's 1994 acquisition of R.H. Macy & Company, it eliminated the A&S brand. Most A&S stores took the Macy's name, although a few became part of Stern's, another Federated division, but one that offered lower-end goods than Macy's or A&S did. History Timeline *1800s - The store was founded in 1865 in Brooklyn, New York, as Wechsler & Abraham by Joseph Wechsler and Abraham Abraham. In 1893, the Straus family (including Isidor Straus and Nathan Straus), who acquired a general partnership with Macy's department stores in 1888, bought out Joseph Wechsler's interest in Wechsler & Abraham and changed the store's name to Abraham & Straus. While Abraham & Straus did not at that time become a part of Macy's, the two stores shared an overseas office and maintained close ties. *1900s - Federate ...
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Bullock's
Bullock's was a chain of full-line department stores from 1907 through 1995, headquartered in Los Angeles, growing to operate across California, Arizona and Nevada. Bullock's also operated as many as seven more upscale Bullocks Wilshire specialty department stores across Southern California. Many former Bullock's locations continue to operate as Macy's. History Bullock's was founded in 1907 at Seventh and Broadway in downtown Los Angeles by John G. Bullock, with the support of The Broadway Department Store owner Arthur Letts. In 1923, Bullock and business partner P.G. Winnett bought out Letts' interest after his death and the companies became completely separated. In 1929 Bullock & Winnett opened a luxury branch on Wilshire Boulevard, referred to at the time as Bullock's Wilshire (the apostrophe would later be removed). In 1944 Bullock's acquired I. Magnin & Co., a venerable San Francisco-based upscale specialty chain. Starting in 1958, Bullock's built a series of four shopp ...
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Rich's (department Store)
Rich's was a department store retail chain, headquartered in Atlanta, Georgia, which operated in the southern U.S. from 1867 until March 6, 2005 when the nameplate was eliminated and replaced by Macy's. Many of the former Rich's stores today form the core of Macy's Central, an Atlanta-based division of Macy's, Inc., which formerly operated as Federated Department Stores, Inc. History Beginnings The retailer began in Atlanta as M. Rich & Co., a dry goods store, on 28 May 1867, at 36 Whitehall Street. The sole proprietor was Mauritius Reich (Anglicized to Morris Rich), a Hungarian Jewish immigrant. It was renamed M. Rich & Bro. in 1877, when Morris and brother Emanuel formed a partnership. In 1884 when the third brother Daniel was admitted into the partnership, the name became M. Rich & Bros. With business success came a need for expansion, and the store was moved to ever larger locations: in July 1875 to 35 Whitehall; in September 1875 to 43 Whitehall; in October 18 ...
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Questrom School Of Business
The Questrom School of Business (formerly, the Boston University School of Management) is the business school at Boston University in Boston, Massachusetts, United States. Founded in 1913 as the College of Business Administration, the school offers undergraduate and graduate programs. The BU Questrom School of Business offer a Bachelor of Science in Business Administration (BSBA), Master of Business Administration (MBA) degree (full- and part-time programs), a Master of Science (MS) in Mathematical Finance, a Master of Science in Management Studies (MSMS), executive education programs, and two Ph.D. programs. Both the undergraduate and graduate programs offer dual degree options with other schools and colleges at Boston University. Questrom has some 250 full-time faculty and some 200 part-time faculty, teaching fellows, and active research assistants. October 13, 1913, Boston University business began classes for students in the College of Business Administration. The first th ...
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American Chief Executives
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label previously known as Def American * American University, in Washington, D.C. Sports teams Soccer * B ...
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1941 Births
Events Below, the events of World War II have the "WWII" prefix. January * January–August – 10,072 men, women and children with mental and physical disabilities are asphyxiated with carbon monoxide in a gas chamber, at Hadamar Euthanasia Centre in Germany, in the first phase of mass killings under the Action T4 program here. * January 1 – Thailand's Prime Minister Plaek Phibunsongkhram decrees January 1 as the official start of the Thai solar calendar new year (thus the previous year that began April 1 had only 9 months). * January 3 – A decree (''Normalschrifterlass'') promulgated in Germany by Martin Bormann, on behalf of Adolf Hitler, requires replacement of blackletter typefaces by Antiqua. * January 4 – The short subject ''Elmer's Pet Rabbit'' is released, marking the second appearance of Bugs Bunny, and also the first to have his name on a title card. * January 5 – WWII: Battle of Bardia in Libya: Australian and British troops def ...
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