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Shillito's Department Store View 1
John Shillito & Co. (commonly known as Shillito's) was Cincinnati's first department store. In 1817 John Shillito (November 1808-September 1879) arrived in Cincinnati (from Greensburg, Pennsylvania). The nine-year-old lad was soon working for the Cincinnati business Blatchley & Simpson. In 1830 he left to form a partnership with William McLaughlin, selling dry goods. A year later, McLaughlin left the company, and was replaced with Robert W. Burnett and James Pullen. The firm of Shillito, Burnett & Pullen outgrew its first location, and in 1833 moved to the other side of Main Street between 4th and 5th Streets. In 1837 John Shillito bought out his partners and moved to larger quarters on the north side of 4th Street. He gained sole ownership of the store in 1842. In 1857 John Shillito acquired property on the other side of the street, and built a five-story department story, the largest such building in the city. It was designed by Cincinnati architect James W. McLaughlin, the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
