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Bradlees
Bradlees Department Store, more commonly known as Bradlees, was a discount department store chain based in Braintree, Massachusetts, which operated primarily in the Northeastern United States. Bradlees sold various retail items in its stores, including clothing, jewelry, health care, beauty products, footwear, furniture, electronics, housewares, and bedding. At its peak in 2000, Bradlees operated over 105 stores in seven states across the Northeast, with close to 10,000 employees. Along with being a part of Stop & Shop from 1961 until 1992, the chain went through Chapter 11 bankruptcy in 2000, with all of its stores eventually closed by March 15, 2001. History Bradlees was named for Connecticut's Bradley International Airport, where early planning meetings were held by the store's founders. The first store was opened in New London, Connecticut, on March 14, 1958. The company was acquired by grocery chain Stop & Shop in 1961, which owned the chain until 1992. After the acquisition ...
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Bradlees2007
Bradlees Department Store, more commonly known as Bradlees, was a discount department store chain based in Braintree, Massachusetts, which operated primarily in the Northeastern United States. Bradlees sold various retail items in its stores, including clothing, jewelry, health care, beauty products, footwear, furniture, electronics, housewares, and bedding. At its peak in 2000, Bradlees operated over 105 stores in seven states across the Northeast, with close to 10,000 employees. Along with being a part of Stop & Shop from 1961 until 1992, the chain went through Chapter 11 bankruptcy in 2000, with all of its stores eventually closed by March 15, 2001. History Bradlees was named for Connecticut's Bradley International Airport, where early planning meetings were held by the store's founders. The first store was opened in New London, Connecticut, on March 14, 1958. The company was acquired by grocery chain Stop & Shop in 1961, which owned the chain until 1992. After the acquisition ...
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Stop & Shop
The Stop & Shop Supermarket Company, known as Stop & Shop, is a regional chain of supermarkets located in the northeastern United States. From its beginnings in 1892 as a small grocery store, it has grown to include 406 stores chain-wide. Stop & Shop has been a wholly owned subsidiary of the Dutch supermarket operator Ahold since 1995 and was part of the Stop & Shop/Giant-Landover division with sister chain Giant-Landover between 2004 and 2011. Ahold announced on June 24, 2015, that it would merge with Brussels-based Delhaize Group, a Belgian grocery store conglomerate whose U.S. grocery operations included Hannaford of Scarborough, Maine and Food Lion of Salisbury, North Carolina. The merger was completed on July 24, 2016, with the new holding company being named Ahold Delhaize, and it is now a sister company to formerly competing New England supermarket chain Hannaford, along with that of Food Lion. History Beginning Stop & Shop's roots can be traced back to 1892, when ...
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Cynthia Harris
Cynthia Lee Harris (August 9, 1934 – October 3, 2021) was an American film, television, and stage actress. She is best known for her roles in the television series '' Edward & Mrs. Simpson'' and the sitcom ''Mad About You''. Life and career Cynthia Lee Harris was born in New York City in 1934, the daughter of Saul Harris, a haberdasher, and his wife, Deborah. She had two brothers, one of whom predeceased her. Interested in the stage from a young age, she began studying theater at age 12 and graduated from Smith College in 1955 with a degree in theater and literature. She joined the Adams Memorial Theatre in Williamstown (in the same state on the campus of another college) where she performed in five summer seasons from 1955 to 1959. She then studied acting with Lee Strasberg at the Actors Studio. Harris also studied with George Morrison. Harris appeared in such television series and TV movies, such as ''Archie Bunker's Place'' and ''All My Children''. In '' Edward and Mrs. ...
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Discount Department Store
A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient Logistics, distribution to keep down costs. Types (United States) Discount stores in the United States may be classified into different types: Hypermarkets (superstores) Discount superstores such as Walmart or Target Corporation, Target sell general merchandise in a big-box store; many have a full grocery selection and are thus hypermarkets, though that term is not generally used in North America. In the 1960s and 1970s the term "discount department store" was used, and chains such as Kmart (United States), Kmart, Zodys and TG&Y billed themselves as such. The term "discount department store" or "off-price department store" is sometimes applied to big-box discount retailers of apparel and home goods, such as Ross Dress For Less, Marshalls, TJ Maxx, and Kohls. Categor ...
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Bradley International Airport
Bradley International Airport is a public international airport in Windsor Locks, Connecticut, United States. Owned and operated by the Connecticut Airport Authority, it is the second-largest airport in New England. The airport is about halfway between Hartford, Connecticut, and Springfield, Massachusetts. It is the state of Connecticut's busiest commercial airport and the second-busiest airport in New England after Boston's Logan International Airport, with over 6.75 million passengers in 2019. The four largest carriers at Bradley International Airport are Southwest, Delta, JetBlue, and American with market shares of 29%, 19%, 15%, and 14%, respectively. As a dual-use military facility with the U.S. Air Force, the airport is home to the 103d Airlift Wing (103 AW) of the Connecticut Air National Guard. Bradley was originally branded as the "Gateway to New England" and is home to the New England Air Museum. In 2016, Bradley International launched its new brand, "Love the Journ ...
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Ames (discount Stores)
Ames Department Stores Inc. was an American chain of discount stores based in Rocky Hill, Connecticut, United States. The company was founded in 1958 with a store in Southbridge, Massachusetts, and at its peak operated 700 stores in 20 states, including the Northeast, Upper South, Midwest, and the District of Columbia, making it the fourth-largest discount retailer in the country. Despite some success in its later years, Ames was plagued by debt "via acquisition decisions" and a slow decline in sales in the new global market and suburban developments. This resulted in two bankruptcy filings that ultimately put an end to the chain. The company, despite expanding into other markets and taking over many closed stores abandoned by competitors, went out of business in 2002. All stores ceased operations on October 19, 2002. History Ames began in 1958 when three Connecticut brothers, Milton, Irving, and Herbert Gilman, joined with their partner Philip Feltman, opened their first st ...
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Chapter 7, Title 11, United States Code
Chapter 7 of Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States, in contrast to Chapters 11 and 13, which govern the process of ''reorganization'' of a debtor. Chapter 7 is the most common form of bankruptcy in the United States. For businesses When a troubled business is unable to pay its creditors, it may file (or be forced by its creditors to file) for bankruptcy in a federal court under Chapter 7. A Chapter 7 filing means that the business ceases operations unless those operations are continued by the Chapter 7 trustee. A Chapter 7 trustee is appointed almost immediately, with broad powers to examine the business's financial affairs. The trustee generally liquidates the assets and distributes the proceeds to the creditors. This may or may not mean that all employees will lose their jobs. When a large company enters Chapter 7 bankruptcy, entire divisions of the company may be sold intac ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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Dart Drug
Dart Drug is a now-defunct chain of discount drug stores in the metropolitan Washington, DC region. It was founded in 1955, by Herbert Haft and his wife Gloria in Adams Morgan. The chain expanded to over 100 stores, and became a vehicle (as Dart Group) by which Herbert Haft engaged in greenmail activities against other public companies. It spun off Trak Auto and Crown Books. Dart Drug was sold to a management group in 1984, bought by Bud Fantle in 1987 and renamed Fantle's, entered bankruptcy in 1989, and was eventually dissolved in 1990. The leases for Fantle's stores were acquired by competitors. Dart Group remained a viable company that was involved in a vicious family feud (''see Herbert Haft'' for details). The store's logo depicted a multicolored bullseye Bullseye or Bull's Eye may refer to: Symbols * ◎ (Unicode U+25CE BULLSEYE), in the Geometric Shapes Unicode block * (Unicode U+0298 LATIN LETTER BILABIAL CLICK), the phonetic symbol for bilabial click Animals and ...
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Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. , the firm had completed more than 650 private equity investments in portfolio companies with approximately $675 billion of total enterprise value. , assets under management ("AUM") and fee paying assets under management ("FPAUM") were $471 billion and $357 billion, respectively. The firm was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 200 ...
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Lazarus (department Store)
F&R Lazarus & Company – commonly known as Lazarus – was a regional department store with its retail chain operating primarily in the United States, U.S. Midwest, and based in Columbus, Ohio. For over 150 years, Lazarus was influential in the American retail industry, particularly during the early 20th century as a founding partner in Macy's, Inc., Federated Department Stores, and continued until the nameplate was retired on March 6, 2005, in favor of Macy's. History Beginnings Family patriarch Simon Lazarus (1808–1877) opened a one-room men's clothing store in downtown Columbus in 1851. By 1870, with improvements to the industry in the mass manufacture of men's uniforms for the Civil War, the family business expanded to include ready-made men's civilian clothing, and eventually, a complete line of merchandise. Sons Fred Lazarus Sr. (1850–1917) and Ralph Lazarus (1852–1903) joined the business and added many innovative marketing techniques. The company acquired the ...
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