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Samsonite
Samsonite International S.A. () is an American premium luggage manufacturer and retailer, with products ranging from large suitcases to small toiletries bags and briefcases. The company was founded in Denver, Colorado, United States. Its registered office is in Luxembourg and it is listed on the Hong Kong Stock Exchange. History The company was founded in Denver, Colorado, on March 10, 1910 by Black Hawk, Colorado-born luggage salesman Jesse Shwayder (1882–1970) as the Shwayder Trunk Manufacturing Company. A religious man, Shwayder named one of his initial cases Samson, after the Biblical strongman, and began using the trademark ''Samsonite'' in 1941 for its tapered vulcanized fiber suitcase, introduced in 1939. In 1965 after the Samsonite suitcase became its best-selling product, the company changed its name to SAMSONITE. For many years the subsidiary SAMSONITE Furniture Co. made folding chairs and card tables in Murfreesboro, Tennessee. The Shwayder family sold the compa ...
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Jesse Shwayder
Jesse Shwayder (March 26, 1882 - July 25, 1970) was an American businessman. He was the founder, president and chairman of the Samsonite Corporation, "the world's largest luggage manufacturer" by the time of his death. Early life Shwayder was born on March 16, 1882, in Black Hawk, Colorado. He was of Polish-Jewish descent. His father, Isaac, owned a grocery store followed by a furniture store in Denver, where Shwayder worked as a teenager. Career Shwayder began his career as a salesman for the Seward Trunk Co. in New York City. Shwayer founded the Shwayder Trunk Manufacturing Company in Denver in 1910. He served as its president from 1910 to 1960, and later served as its chairman. The company introduced a new suitcase called Samsonite in 1939, and it changed its name to the Samsonite Corporation in 1965. Shwayder was inducted into the Colorado Business Hall of Fame Colorado (, other variants) is a state in the Mountain states, Mountain West subregion of the Western Uni ...
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American Tourister
American Tourister is a brand of luggage owned by Samsonite. Brothers Sol and Irving Koffler founded American Luggage Works in Providence, Rhode Island Providence is the capital and most populous city of the U.S. state of Rhode Island. One of the oldest cities in New England, it was founded in 1636 by Roger Williams, a Reformed Baptist theologian and religious exile from the Massachusetts Bay ..., United States in 1933. In 2009, American Tourister was acquired by Astrum International, which also owns Samsonite. Astrum was renamed as the Samsonite Corporation two years later.Astrum International to Divide Its Samsonite and Culligan Units
. ''The New York Times''. April 25, 1995. Retrieved on November 2, 2008. Their products inclu ...
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Suitcase
A suitcase is a form of luggage. It is a rectangular container with a handle typically used to carry one's clothes and other belongings while traveling. The first suitcases appeared in the late 19th century due to the increased popularity of mass tourism at the time and were meant to hold dress suits. They were originally made using heavier materials such as leather or steel, but, beginning in the 1930s, were generally constructed with more lightweight materials like plastic and cardboard. Before the 1970s, the idea of rolling luggage was shunned by the travel industry, who viewed it as much less masculine than traditional luggage. Entrepreneur Bernard D. Sadow pitched his version of the wheeled suitcase, for which he was granted a patent in 1972, to various department stores before it was picked up and sold at Macy's stores starting in 1970. It took several years to become the predominant form of suitcase, and Sadow's version was soon superseded by the Rollaboard, a type of whe ...
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Beatrice Foods
Beatrice Foods Company was a major American food processing company founded in 1894. In 1987, its international food operations were sold to Reginald Lewis, a corporate attorney, creating TLC Beatrice International, after which the majority of its domestic (U.S.) brands and assets were acquired by KKR, with the bulk of its holdings sold off. By 1990, the remaining operations were ultimately acquired by ConAgra Foods. History Early years 1894-1912 The Beatrice Creamery Company was founded in 1894 by George Everett Haskell and William W. Bosworth, by leasing the factory of a bankrupt firm of the same name located in Beatrice, Nebraska. At the time, they purchased butter, milk, and eggs from local farmers and graded them for resale. They promptly began separating the butter themselves at their plant, making their own butter on site and packaging and distributing it under their own label. They devised special protective packages and distributed them to grocery stores and restau ...
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Denver, Colorado
Denver () is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the United States and the fifth most populous state capital. It is the principal city of the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area and the first city of the Front Range Urban Corridor. Denver is located in the Western United States, in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains. Its downtown district is immediately east of the confluence of Cherry Creek and the South Platte River, approximately east of the foothills of the Rocky Mountains. It is named after James W. Denver, a governor of the Kansas Territory. It is nicknamed the ''Mile High City'' because its official elevation is exactly one mile () above sea level. The 105th meridian we ...
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Black Diamond Equipment
Black Diamond Equipment is a manufacturer of equipment for climbing, skiing, and mountain sports, based in Utah, United States. The company also has a global office in Innsbruck, Austria. The company is owned by Clarus Corporation, which also owns Pieps, ClimbOn! Skincare, and Sierra Bullets. History Black Diamond Equipment's history dates from the late 1950s, when climber Yvon Chouinard began hand-forging pitons and selling them from the trunk of his car in Yosemite Valley. Chouinard's pitons quickly gained a reputation for quality, and Chouinard Equipment was born soon after in Ventura, California. In early 1989, after several product-liability lawsuits and a continued lack of profitability, Yvon Chouinard placed the company in Chapter 11 bankruptcy. Black Diamond was founded on December 1, 1989, when the assets of Chouinard Equipment Ltd. were purchased by a group of former company employees led by (now former CEO) Peter Metcalf, and a few outside investors. Metcalf moved ...
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Luggage
Baggage or luggage consists of bags, cases, and containers which hold a traveler's personal articles while the traveler is in transit. A modern traveler can be expected to have packages containing clothing, toiletries, small possessions, trip necessities. On the return trip, travelers may have souvenirs and gifts. For some people, luggage and the style thereof is representative of the owner's wealth and status. Luggage is constructed to protect the items during travel either with a hard shell or a durable soft material. Luggage often has internal subdivisions or sections to aid in securing items. Handles are typically provided to facilitate carrying, and some luggage may have wheels and/or telescoping handles or leashes to make moving them easier. Baggage (not luggage), or ''baggage train'', can also refer to the train of people and goods, both military and of a personal nature, which commonly followed pre-modern armies on campaign. Overview Luggage has changed over time. Hist ...
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Card Table
A folding table is a type of folding furniture, a table with legs that fold up against the table top. This is intended to make storage more convenient and to make the table more portable. Many folding tables are made of lightweight materials to further increase portability. They can be combined with folding chairs. Description Folding tables are produced in many sizes, configurations, and designs. They can be made from plastic, metal, wood, and other materials. Some manufacturers use specialist materials such as engineered wood when producing tables. Folding mechanism There are two main types of folding table. Those that have leaves that fold down such as a Pembroke table, drop-leaf table or gateleg table, and those that fold by having legs that bend on a hinge located at the connection point between the table top and the leg. The leg is designed to fold and fit securely against the underside of the table top, while remaining attached. Because the hinge requires a stable mat ...
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Colorado
Colorado (, other variants) is a state in the Mountain West subregion of the Western United States. It encompasses most of the Southern Rocky Mountains, as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains. Colorado is the eighth most extensive and 21st most populous U.S. state. The 2020 United States census enumerated the population of Colorado at 5,773,714, an increase of 14.80% since the 2010 United States census. The region has been inhabited by Native Americans and their ancestors for at least 13,500 years and possibly much longer. The eastern edge of the Rocky Mountains was a major migration route for early peoples who spread throughout the Americas. "''Colorado''" is the Spanish adjective meaning "ruddy", the color of the Fountain Formation outcroppings found up and down the Front Range of the Rocky Mountains. The Territory of Colorado was organized on February 28, 1861, and on August 1, 1876, U.S. President Ulyss ...
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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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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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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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