Duracraft
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Duracraft
Duracraft was founded in the late 1980s by Tim Chen, Bernard Chiu and Ronald Izen in Southborough, Massachusetts. Duracraft manufactured home appliances such as fans, humidifiers, dehumidifiers and air conditioners in the United States, China, and South America. they were famous for selling desk pedestal and window fans History Early sales of Duracraft were through Sears, Eckerds, and Kmart. Today Duracraft products are sold online as well as through Walmart and CVS Pharmacy, and many parts are sold online. In 1993, Duracraft had an initial public offering. The company received recognition from numerous organizations, including Fortune. In 1996, Honeywell approached Duracraft with an unsolicited offer. Duracraft was sold to Honeywell for US$283 million. In 2002, Kaz Incorporated (privately held) acquired Honeywell's Home Environment business for an undisclosed sum. This acquisition added Asia Asia (, ) is one of the world's most notable geographical regions, which ...
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Honeywell
Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS). Honeywell is a Fortune 100 company, ranked 94th in 2021. In 2021 the corporation had a global workforce of approximately 99,000 employees, down from 113,000 in 2019. The current chairman and chief executive officer (CEO) is Darius Adamczyk. The corporation's current name, Honeywell International Inc., is a product of the merger of Honeywell Inc. and AlliedSignal in 1999. The corporation headquarters were consolidated with AlliedSignal's headquarters in Morristown, New Jersey; however, the combined company chose the name "Honeywell" because of the considerable brand recognition. Honeywell was a component of the Dow Jones Industrial Average index from 1999 to 200 ...
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Kaz Incorporated
Kaz, Inc. is a Marlborough, Massachusetts-based manufacturer and distributor of health care products. History Max Katzman invented the first electric vaporizer (original U.S. patent no. 1,628,784, issued May 17, 1927) and, in 1926, he founded Kaz, Incorporated to manufacture and market it. The expansion of the company – from a family business to a company designing, developing and marketing hundreds of healthcare and home environment products worldwide – came through research and development, acquisitions and licensing agreements. For more than 80 years, members of the Katzman family owned and managed Kaz. In 1956, founder Lawrence (Larry) Katzman succeeded his father, founder Max Katzman. In addition to serving as Kaz’ second CEO, Larry was also a Palma d’Oro winning cartoonist best known for drawing Nellie Nifty, RN for a series of books and greeting cards. Richard Katzman succeeded his father, Larry, as CEO in 1997. In 2006, Julien Mininberg became Kaz, Inc.’s f ...
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Southborough, Massachusetts
Southborough is a town in Worcester County, Massachusetts, United States. It incorporates the villages of Cordaville, Fayville, and Southville. Its name is often informally shortened to Southboro, a usage seen on many area signs and maps, though officially rejected by town ordinance. At the 2020 census, its population was 10,450 in 3,542 households. In 2021, 43% of land use is residential, with 35% open space, including a tenth of the town's area that is flooded by the Sudbury Reservoir. Light industrial land use is concentrated along main roads, primarily Massachusetts Route 9, and there are several small business districts in the villages and along Route 9. History Southborough was first settled in 1660 and was officially incorporated in July 1727. Southborough was primarily a farming community until mills began to tap the small rivers that ran through the town. By the end of the 19th century, Southborough was home to the manufacture of plasters, straw bonnets, boots, and ...
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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 ...
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Helen Of Troy Limited
Helen of Troy Limited is an American publicly traded designer, developer and worldwide marketer of consumer brand-name housewares, health and home, and beauty products under owned and licensed brands. It is the parent corporation of OXO International Ltd., Kaz, Inc., Steel Technologies, LLC, and Idelle Labs, Ltd, among others. The company is headquartered in Hamilton, Bermuda, with U.S. operations headquartered in El Paso, Texas. The company is named after the historical or mythic figure Helen of Troy. History Helen of Troy Limited began as a wig store in Downtown El Paso in 1968 and expanded into the hair appliance business in 1975 by supplying hair salons with hair dryers and curling irons. In 1980, the son of the company's founder Louis Rubin, Jerry Rubin, entered into a successful licensing agreement with Vidal Sassoon. Since then, the company's growth has come through years of acquiring rights to use well-known global brands in the health and home, housewares, beauty and nu ...
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Asia
Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area of , about 30% of Earth's total land area and 8.7% of Earth's total surface area. The continent, which has long been home to the majority of the human population, was the site of many of the first civilizations. Its 4.7 billion people constitute roughly 60% of the world's population. In general terms, Asia is bounded on the east by the Pacific Ocean, on the south by the Indian Ocean, and on the north by the Arctic Ocean. The border of Asia with Europe is a historical and cultural construct, as there is no clear physical and geographical separation between them. It is somewhat arbitrary and has moved since its first conception in classical antiquity. The division of Eurasia into two continents reflects East–West cultural, linguistic, ...
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Fortune (magazine)
''Fortune'' is an American multinational corporation, multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and ''Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the Fortune 500, ''Fortune'' 500, a ranking of companies by revenue that it has published annually since 1955. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time (magazine), Time'' magazine co-founder Henry Luce in 1929 as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was not enthu ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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CVS Pharmacy
CVS Pharmacy, Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. It was also known as, and originally named, the Consumer Value Store and was founded in Lowell, Massachusetts, in 1963. The chain was owned by its original holding company Melville Corporation from its inception until its current parent company (CVS Health) was spun off into its own company in 1996. CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations (over 9,600 as of 2016) and total prescription revenue. Its parent company ranks as the fifth largest U.S. corporation by FY2020 revenues in the ''Fortune'' 500. The parent company of CVS Pharmacy's leading competitor (Walgreens) ranked 19th for the same time period. CVS sells prescription drugs and a wide assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandis ...
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Kmart (United States)
Kmart Corporation ( , doing business as Kmart and stylized as kmart) is an American retail company that owns a chain of big box department stores. The company is headquartered in Hoffman Estates, Illinois, United States. The company was incorporated in 1899 as S. S. Kresge Corporation and renamed Kmart Corporation in 1977. The first store with the Kmart name opened in 1962 in Garden City, Michigan. At its peak in 1994, Kmart operated 2,486 stores globally, including 2,323 discount stores and Super Kmart Center locations in the United States. As of April 16, 2022, that number was down to nine, including just three in the continental United States.Tyko, Kelly (April 11, 2022"Kmart store closings 2022: Just three Kmarts remain after new round of closures"''USA Today'' From 2005 through 2019, Kmart was a subsidiary of Sears Holdings Corporation. Since 2019, Kmart has been a subsidiary of Transform SR Brands LLC, a privately held company that was formed in 2019 to acquire assets ...
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Fan (machine)
A fan is a powered machine used to create a flow of air. A fan consists of a rotating arrangement of vanes or blades, generally made of wood, plastic, or metal, which act on the air. The rotating assembly of blades and hub is known as an ''impeller'', ''rotor'', or ''runner''. Usually, it is contained within some form of housing, or case. This may direct the airflow, or increase safety by preventing objects from contacting the fan blades. Most fans are powered by electric motors, but other sources of power may be used, including hydraulic motors, handcranks, and internal combustion engines. Mechanically, a fan can be any revolving wikt:vane#English, vane, or vanes used for producing air current, currents of air. Fans produce air flows with high volume and low pressure (although higher than ambient pressure), as opposed to gas compressor, compressors which produce high pressures at a comparatively low volume. A fan blade will often rotate when exposed to an air-fluid stream, and ...
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Eckerds
Eckerd Corporation was an American drug store chain that was headquartered in Largo, Florida, and toward the end of its life, in Warwick, Rhode Island. The chain had approximately 2,800 stores in 23 states as far west as Arizona. In November 1996, Eckerd drugs was purchased by JCPenney. In April 2004, the company, the fourth largest drug chain in the U.S., was broken up in a $4.52 billion deal, with approximately 1,269 stores in Florida, Louisiana and Texas, along with Eckerd's $1.3 billion mail order pharmacy, sold to CVS Corporation (now CVS Health). The deal enabled CVS to leapfrog past rival Walgreens with some 5,400 stores. Because CVS already owned 74 stores in Florida at the time, including 19 in the Tampa Bay Area, many duplicate locations were closed. The remaining stores were sold to the Quebec-based Jean Coutu Group and merged with its Brooks Pharmacy chain. The Eckerd name and corporate headquarters, which housed 1,000 administrative workers at the time in Largo, Flori ...
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