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Benrus
Benrus is an American watchmaking and lifestyle company founded as a watch repair shop in New York City in 1921 by Romanian-American Benjamin Lazrus and his two brothers. Benrus watches were worn for decades by the U.S. military from World War II through Vietnam. History The name "Benrus" is a portmanteau of the name of cofounder Benjamin Lazrus. In the 1920s the company transitioned from watch repair to the manufacture of watchcases and assembly of completed watches using imported internal components from La Chaux-de-Fonds, Switzerland. During World War II, the company stopped manufacturing watches and switched to the manufacture of timing systems (e.g. fuses) used in munitions. In the 1940s and 1950s, Benrus released the Sky Chief (a chronograph), the Dial-a-Rama, the Wrist Alarm and a bracelet watch called Embraceable. In the early 1950s, Benrus failed in a hostile takeover of Hamilton, and subsequently lost a legal battle with Hamilton in which Benrus had acquired Hamilton ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hamilton Watch Company
The Hamilton Watch Company is a Swiss manufacturer of wristwatches based in Bienne, Switzerland. Founded in 1892 as an American firm, the Hamilton Watch Company ended American manufacture in 1969. Through a series of mergers and acquisitions, the Hamilton Watch Company eventually became integrated into the Swatch Group, the world's largest watch manufacturing and marketing conglomerate. Early history Hamilton succeeded three watch firms manufacturing timepieces in the same facilities in Lancaster, Pennsylvania, US, including the Lancaster Watch Company. The precursor to the Hamilton Watch Co., the Lancaster, Pennsylvania based Keystone Standard Watch Co., was started by Abram Bitner in 1886 with the purchase of Lancaster Watch Company's factory. Keystone manufactured watches featuring a patented "Dust Proof" design that used a small mica window to cover the only opening in the plate of the movement. Keystone existed until 1891 when the company was sold to Hamilton Watch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victor Kiam
Victor Kermit Kiam II (December 7, 1926 – May 27, 2001) was an American entrepreneur and TV spokesman for Remington Products, and the owner of the New England Patriots football team from 1988–1991. He was well known for his turnaround of Remington's fortunes, as well as for his commercials written by his director of advertising and sales promotion at Benrus, Howard Shavelson, with whom he first worked on the Playtex Cross Your Heart Bra commercials. Biography Kiam was born in the French Quarter of New Orleans, the son of Nanon and Victor Kermit Kiam, a bond dealer who had divorced his actress mother while Kiam was four. His parents both moved away, with his mother going to California and his father to New York. He was educated by his maternal grandfather at Phillips Academy in Massachusetts, where he was a classmate of future U.S. President George Herbert Walker Bush. After serving in the U.S. Navy and attending Yale, the Sorbonne, and Harvard Business School, Kiam worked for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Watchmaker
A watchmaker is an artisan who makes and repairs watches. Since a majority of watches are now factory-made, most modern watchmakers only repair watches. However, originally they were master craftsmen who built watches, including all their parts, by hand. Modern watchmakers, when required to repair older watches, for which replacement parts may not be available, must have fabrication skills, and can typically manufacture replacements for many of the parts found in a watch. The term clockmaker refers to an equivalent occupation specializing in clocks. Most practising professional watchmakers service current or recent production watches. They seldom fabricate replacement parts. Instead they obtain and fit factory spare parts applicable to the watch brand being serviced. The majority of modern watchmakers, particularly in Switzerland and other countries in Europe, work directly for the watchmaking industry and may have completed a formal watchmaking degree at a technical school. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Antitrust Law
In the United States, antitrust law is a collection of mostly federal laws that regulate the conduct and organization of businesses to promote competition and prevent unjustified monopolies. The three main U.S. antitrust statutes are the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts serve three major functions. First, Section 1 of the Sherman Act prohibits price fixing and the operation of cartels, and prohibits other collusive practices that unreasonably restrain trade. Second, Section 7 of the Clayton Act restricts the mergers and acquisitions of organizations that may substantially lessen competition or tend to create a monopoly. Third, Section 2 of the Sherman Act prohibits monopolization. Federal antitrust laws provide for both civil and criminal enforcement. Civil antitrust enforcement occurs through lawsuits filed by the Federal Trade Commission, the United States Department of Justice Antitrust Division, and private ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walmart
Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. Walmart has 10,586 stores and clubs in 24 countries, operating under 46 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Chile, Canada, and South Africa. Since August 2018, Walmart held only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, and p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middlebury, Connecticut
Middlebury is a town in New Haven County, Connecticut, United States. The population was 7,574 at the 2020 census. History Middlebury incorporated as a town in 1807, and named from its central position relative to Waterbury, Woodbury and Southbury. Geography According to the United States Census Bureau, the town has a total area of , of which is land and , or 3.79%, is water. Towns that border Middlebury are Southbury, Woodbury, Watertown, Waterbury, Naugatuck and Oxford. Demographics As of the census of 2000, there were 6,451 people, 2,398 households, and 1,832 families living in the town. The population density was . There were 2,494 housing units at an average density of . The racial makeup of the town was 97.12% White, 0.36% African American, 0.06% Native American, 1.30% Asian, 0.03% Pacific Islander, 0.26% from other races, and 0.87% from two or more races. Hispanic or Latino of any race were 1.22% of the population. There were 2,398 households, out of which 33. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Costume Jewelry
Costume or fashion jewelry includes a range of decorative items worn for personal adornment that are manufactured as less expensive ornamentation to complement a particular fashionable outfit or garmentBaker, Lillian. Fifty Years of Collectable Fashion Jewelry. Paducah: Collector Books, 1986. as opposed to "real" (fine) jewelry, which is more costly and which may be regarded primarily as collectibles, keepsakes, or investments. From the outset, costume jewelry — also known as fashion jewelry — paralleled the styles of its more precious fine counterparts Terminology It is also known as artificial jewellery, imitation jewellery, imitated jewelry, trinkets, fashion jewelry, junk jewelry, fake jewelry, or fallalery. Etymology The term costume jewelry dates back to the early 20th century. It reflects the use of the word "costume" to refer to what is now called an "outfit". Components Originally, costume or fashion jewelry was made of inexpensive simulated gemstones, such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quartz Crisis
The quartz crisis was the upheaval in the watchmaking industry caused by the advent of quartz watches in the 1970s and early 1980s, that largely replaced mechanical watches around the world.Smithsonian: The quartz revolution revitalized the U.S. watch industry. It caused a significant decline of the Swiss watchmaking industry, which chose to remain focused on traditional mechanical watches, while the majority of the world's watch production shifted to Japanese companies such as , [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remington Products
Remington Products, commonly known as simply Remington, is an American personal care brand which manufactures hair clippers, electric shavers, epilators, and haircare products. It is a subsidiary of Spectrum Brands and Oak Hill Capital. History The origins of the "Remington" name date back to the formation of E. Remington and Sons, a firearms maker founded in 1816. E. Remington & Sons made occasional forays into products other than firearms, such as sewing machines and farm implements—but its most significant side venture was when inventor Christopher Sholes persuaded the firearms company to help him develop the typewriter with the QWERTY keyboard, which is still the standard today. In 1886, E. Remington & Sons sold the typewriter company, which became Remington Typewriter Company. This, in turn, merged with the Rand Kardex Corporation in 1927 to become Remington Rand. Remington Rand branched out into making adding machines, filing cabinets, punched card tabulating m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Price
The list price, also known as the manufacturer's suggested retail price (MSRP), or the recommended retail price (RRP), or the suggested retail price (SRP) of a product is the price at which its manufacturer notionally recommends that a retailer sell the product. Suggested pricing methods may conflict with competition theory, as they allow prices to be set higher than would be established by supply and demand. Resale price maintenance—fixing prices—goes further than suggesting prices, and is illegal in many countries. Retailers may charge less than the suggested retail price, depending upon the actual wholesale cost of each item, usually purchased in bulk from the manufacturer, or in smaller quantities through a distributor. The suggested price is sometimes unrealistically high, so the seller can appear to be offering a discount. List price often cannot be compared directly internationally as products may differ in detail, sometimes due to different regulations, and list pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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