Related Research Articles
Mellon Financial Corporation was an investment firm which was once one of the world's largest money management firms. Based in Pittsburgh, Pennsylvania, it was in the business of institutional and high-net-worth individual asset management, including the Dreyfus family of mutual funds, business banking, and shareholder and investor services. On December 4, 2006, it announced a merger agreement with Bank of New York, to form BNY Mellon. After regulatory and shareholder approval, the banks completed the merger on July 2, 2007.
PNC Financial Services Group, Inc. is a bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 21 states and the District of Columbia with 2,296 branches and 9,051 ATMs. The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing.
Gimbel Brothers was an American department store corporation that operated for a century, from 1887 until 1987. Gimbel patriarch Adam Gimbel opened his first store in Vincennes, Indiana, in 1842. In 1887, the company moved its operations to the Gimbel Brothers Department Store in Milwaukee, Wisconsin. It became a chain when it opened a second, larger store in Philadelphia, Pennsylvania in 1894, moving its headquarters there. At the urging of future company president Bernard Gimbel, grandson of the founder, the company expanded to New York City in 1910.
CoreStates Financial Corporation, previously known as Philadelphia National Bank (PNB), was a United States bank holding company in the Philadelphia, Pennsylvania, metropolitan area.
Lincoln National Corporation is a Fortune 250 American holding company, which operates multiple insurance and investment management businesses through subsidiary companies. Lincoln Financial Group is the marketing name for LNC and its subsidiary companies.
Piper Sandler Companies is an American independent investment bank and financial services company, focused on mergers and acquisitions, financial restructuring, public offerings, public finance, institutional brokerage, investment management and securities research. Through its principal subsidiary, Piper Sandler & Co., the company targets corporations, institutional investors, and public entities.
Bonwit Teller & Co. was a luxury department store in New York City founded by Paul Bonwit in 1895 at Sixth Avenue and 18th Street, and later a chain of department stores. In 1897 Edmund D. Teller was admitted to the partnership and the store moved to 23rd Street, east of Sixth Avenue. Bonwit specialized in high-end women's apparel at a time when many of its competitors were diversifying their product lines, and Bonwit Teller became noted within the trade for the quality of its merchandise as well as the above-average salaries paid to both buyers and executives. The partnership was incorporated in 1907 and the store made another move, this time to the corner of Fifth Avenue and 38th Street.
Cerberus Capital Management, L.P. is an American private equity firm, specializing in distressed investing. The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992, with William L. Richter, who serves as a senior managing director. The firm has affiliate and advisory offices in the United States, Europe and Asia.
Logan Square is a neighborhood in Philadelphia. Bounded by Market Street on the south, Spring Garden Street on the north, Broad Street on the east, and the Schuylkill River on the west, it occupies the northwest quadrant of Center City. The square for which it is named is one of the five "squares", or parks, central to William Penn's design for Philadelphia. Originally called Northwest Square, it was renamed in honor of James Logan, an eighteenth-century mayor of Philadelphia.
Northland Center was a shopping mall on an approximately 159-acre (64 ha) site located near the intersection of M-10 and Greenfield Road in Southfield, Michigan, an inner-ring suburb of Detroit, Michigan, United States. Construction began in 1952 and the mall opened on March 22, 1954. Northland was a milestone for regional shopping centers in the United States. Designed by Victor Gruen, the mall initially included a four-level Hudson's with a ring of stores surrounding it. As originally built, it was an open air pedestrian mall with arrayed structures. The mall was enclosed in 1975 and expanded several times in its history. Additions included five other department store anchors: J. C. Penney in 1975, MainStreet in 1985, and TJ Maxx, Target, and Montgomery Ward in the 1990s. Managed by Spinoso Real Estate Group, Northland Center featured approximately 100 stores. Macy's, the last anchor, closed on March 22, 2015, exactly 61 years to the date of the mall's opening. There are 5 vacant anchor stores that were once Montgomery Ward, TJ Maxx, Macy's, Target, and JCPenney.
WSFS Financial Corporation is a financial services company. Its primary subsidiary, WSFS Bank, is the largest and longest-standing locally managed bank and trust company headquartered in Delaware and the Greater Delaware Valley. WSFS operates from 112 offices, 89 of which are banking offices, located in Pennsylvania (52), Delaware (42), New Jersey (16), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management.
Food Fair, also known by its successor name Pantry Pride, was a large supermarket chain in the United States. It was founded by Samuel N. Friedland, who opened the first store in Harrisburg, Pennsylvania in the late 1920s. As of 1957, Food Fair had 275 stores, and at its peak, the chain had more than 500 stores. Friedland's family retained control of the firm through 1978, when the chain entered bankruptcy.
Lit Brothers was a moderately-priced department store based in Philadelphia. Samuel and Jacob Lit opened the first store at North 8th and Market Streets in 1891. Lits positioned itself well as a more affordable alternate to its upscale competitors Strawbridge and Clothier, John Wanamaker, and Gimbels. The store's slogan was "A Great Store in A Great City," and it was noted for its millinery department.
CSS Industries, Inc., was founded in 1923, as City Stores Company. Its headquarters is at 1845 Walnut Street, Philadelphia, Pennsylvania, with showrooms in New York City, Memphis, Tennessee, Minneapolis, Minnesota, and Hong Kong. The company designs, manufactures, and distributes seasonal and everyday greeting cards and novelties.
Albert Monroe Greenfield was a real estate broker and developer who built his company into a vast East Coast network of department stores, banks, finance companies, hotels, newspapers, transportation companies and the Loft Candy Corporation. His high-rise office buildings and hotels were instrumental in changing the face of Philadelphia, Pennsylvania, United States, his base of operations. Uniquely for his time, he formed business relationships across religious, ethnic and social lines and played a major role in reforming politics in Philadelphia as well as at the national level.
Loft, Inc. was the world's largest maker and seller of candy in the 1920s. It manufactured its own products and distributed them throughout greater New York City and Newark, New Jersey. Happiness Candy Stores, Inc., was controlled by Loft, Inc. Loft, Inc., merged with PepsiCo following an agreement of merger filed in Wilmington, Delaware in June 1941. Loft Candy Corporation was shortly spun off, acquired by Philadelphia retail magnate Albert M. Greenfield's City Stores Company chain. Rapid expansion followed, with Loft's 2,100 employees making 350 products that were distributed over fifteen states along the Eastern Seaboard and Midwest.
Wachovia Securities was the trade name of Wachovia's retail brokerage and institutional capital markets and investment banking subsidiaries. Following Wachovia's merger with Wells Fargo and Company on December 31, 2008, the retail brokerage became Wells Fargo Advisors on May 1, 2009 and the institutional capital markets and investment banking group became Wells Fargo Securities on July 6, 2009.
Philadelphia is the center of economic activity in Pennsylvania with the headquarters of five Fortune 1000 companies located within city limits. As of 2019, the Philadelphia metropolitan area is estimated to produce a gross metropolitan product (GMP) of $490 billion, an increase from the $445 billion calculated by the Bureau of Economic Analysis for 2017, representing the eighth largest U.S. metropolitan economy. Philadelphia was rated by the GaWC as a 'Beta' city in its 2016 ranking of world cities.
M. Levin & Company, Inc., is an American full-line wholesale produce distribution company located in Philadelphia, Pennsylvania. The company was established in 1906, and is the oldest family-owned produce wholesaler at the Philadelphia Wholesale Produce Market. Levin is one of the largest ripeners and banana foodservice distributors in the Mid-Atlantic region, ripening over 30,000 boxes weekly. The company is owned and operated by its third- and fourth-generation family members.
References
- ↑ "Greenfield into Candy". Time . June 17, 1940.
- ↑ "Changes of the Week". Time. March 30, 1959.]