Kuppenheimer

Last updated
B. Kuppenheimer & Co.
Industry Clothing manufacturer & Retail
Founded1852
Defunct1997
FatePurchased in 1997 by Men's Wearhouse. The remaining stores were closed and the remaining assets were liquidated. [1]
Headquarters Terre Haute, Indiana
Chicago, Illinois
Atlanta, Georgia
Key people
Bernard Kuppenheimer (founder)
ProductsFashion apparel
Parent Hartmarx
Men's Wearhouse

B. Kuppenheimer & Co., or simply Kuppenheimer, was a men's clothing manufacturing and retail operation based in Chicago, Illinois and later Atlanta, Georgia.

Contents

History

Kohn, Clayburgh & Einstein

In 1852, Bernard Kuppenheimer, who immigrated to America in 1850, founded a retail clothing store in Terre Haute, Indiana. [1] In 1863, Julius Kohn, Martin Clayburgh, and Morris Einstein founded Kohn, Clayburgh & Einstein at 27 Lake Street in Chicago. Only two years later, in 1865, Kohn retired and Bernard Kuppenheimer, [2] who relocated to Chicago leaving the Terre Haute store under the supervision of his brother John, [1] and David Lindauer became members. Clayburgh, Einstein, Kuppenheimer, and Lindauer continued to operate the company without changing the name. They operated out of the Lake Street location until the Great Chicago Fire of 1871, when their building was burnt to the ground and they suffered losses totaling $200,000 (equivalent to $4,524,000in 2021). After rebuilding, they resumed business and in July 1872, moved to the corner of Randolph Street and Wabash Avenue where they remained until the fall of 1876. [2]

B. Kuppenheimer & Co.

Kuppenheimer store in Chicago in 1900 The spring book of B. Kuppenheimer and Co. - illustrating a new century of clothing-radically different from the old-and incidentally depicting the more striking chances in men's wear during the past (14577803278).jpg
Kuppenheimer store in Chicago in 1900

In 1876, the business was dissolved and Kuppenheimer formed B. Kuppenheimer & Co. The new company was composed of him, his son Jonas Kuppenheimer, and Samuel Nathan. The remaining members of the Kohn, Claybugh & Einstein reorganized as Einstein, Longini & Co. B. Kuppenheimer & Co. started in business on Wabash Avenue and stayed there until 1880.[ citation needed ]

In January 1880, Kuppenheimer & Co. moved to Madison Street and Louis B. Kuppenheimer, the second son of Bernard Kuppenheimer, was admitted as a partner. As of 1884, Kuppenheimer & Co had annual sales of nearly $1,000,000 (equivalent to $30,159,000in 2021). [2] In 1903, Kuppenheimer died and was buried at Rosehill Cemetery and Mausoleum in Chicago. [3]

In 1906, the company operated "The House of Kuppenheimer" branches in Boston and New York, with sales in Washington, D.C. handled by Isidor Grosner of 1013 Pennsylvania Ave., NW. [4] During the World War I, Kuppenheimer manufactured the uniforms for the U.S. Army. By 1910, the company employed close to 2,000 men and women at shops in and around Chicago. [1]

In 1912, Louis became vice-president of the company. [5] In 1920, Albert Kuppenheimer retired from the company. He died in California in 1931 at the age of 64 although his residence in Chicago was the Drake Hotel. [6] Later in 1920, Louis Kuppenheimer became president of B. Kuppenheimer & Co. [5]

In 1921, Jonas Kuppenheimer, who had been serving as president of "The House of Kuppenheimer," died. [7] In 1926, Louis Kuppenheimer retired as president of the company. In 1936, Louis, the last living son of founder Bernard Kuppenheimer, died. [5]

In 1959, Lester E. Frankenstein succeeded Bertram J. Cahn to become president of the company. Frankenstein was previously the vice-president. [8]

Sale and closure

In March 1963, the firm was purchased by Louis Roth & Co., Inc. of Los Angeles for $3 million (equivalent to $26,553,000in 2021). [9] The firm continued as a leading manufacturer of men's clothing until 1982, when it was purchased by Hart Schaffner & Marx (later known as Hartmarx), a Chicago-based apparel-maker and wholesaler. By the mid-1990s, after the headquarters moved to Atlanta, sales were lagging, many of its stores were closing, and it entered into bankruptcy. [10]

In 1995, Hartmarx sold Kuppenheimer to Kupp Acquisition Corp. for $14 million (equivalent to $24,897,000in 2021) in cash ($12 million upfront and an additional $2 million over the next four years) and a $2.5 million promissory note secured by one of Kuppenheimer's manufacturing facilities. Kupp was formed by an investment group led by Gene Kosack, former president and chief executive of NBO Stores Inc., a clothing retailer. [11]

In 1997, The Men's Wearhouse purchased Kuppenheimer Manufacturing Co. from Kupp Acquisition Corp. At that time, Kuppenheimer consisted of 43 men's clothing stores, mostly in the Chicago, St. Louis and Atlanta areas and the manufacturing facilities. The sale included the rights to Kuppenheimer's trademark and customer list. [12] Men's Wearhouse closed the remaining Kuppenheimer stores and folded the business into its own by liquidating the remaining assets. [1]

Further reading

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References

  1. 1 2 3 4 5 Encyclopedia of Chicago, Dictionary of Leading Chicago Businesses (1820-2000) Entries: Kuppenheimer (B.) & Co. (accessed Sep 1, 2008)
  2. 1 2 3 Andreas, A.T. (1884). History of Chicago: from the earliest period to the present time. Chicago: A.T. Andreas. p. 722. ISBN   1172032424 . Retrieved 15 February 2016.
  3. ↑ "Bernhard Kuppenheimer". findagrave.com. Retrieved 15 February 2016.
  4. ↑ Display Ad, The Washington Post, Nov 25, 1906, p. 8.
  5. 1 2 3 New York Times Staff (February 2, 1936). "L.B. KUPPENHEIMER, INDUSTRIALIST, DIES". The New York Times. Retrieved 15 February 2016.
  6. ↑ New York Times Staff (January 17, 1931). "ALBERT KUPPENHEIMER, CHICAGO CLOTHIER, DIES". The New York Times. Retrieved 15 February 2016.
  7. ↑ New York Times Staff (May 5, 1921). "Jonas Kuppenheimer". The New York Times. Retrieved 15 February 2016.
  8. ↑ New York Times Staff (May 2, 1959). "B. Kuppenheimer & Co. Elects New President". The New York Times. Retrieved 15 February 2016.
  9. ↑ "Kuppenheimer Sold," The Washington Post and Times-Herald Mar 24, 1963, p. A25.
  10. ↑ "Men's Wearhouse to liquidate remaining Kuppenheimer stores," Atlanta Business Chronicle, March 4, 1997.
  11. ↑ Chicago Tribune Staff (May 9, 1995). "Hartmarx sells Kuppenheimer: Hartmarx Corp". The Chicago Tribune. Retrieved 15 February 2016.
  12. ↑ Ziemba, Stanley (March 5, 1997). "Kuppenheimer's Sells Assets". The Chicago Tribune. Retrieved 15 February 2016.
  13. ↑ Thompson, Dave (2015). The Twilight Zone FAQ: All That's Left to Know About the Fifth Dimension and Beyond. Hal Leonard Corporation. p. 400. ISBN   978-1495046100 . Retrieved 15 February 2016.
  14. ↑ "J.C. Leyendecker : American Imagist". americanillustration.org. National Museum of American Illustration. Archived from the original on 7 February 2016. Retrieved 15 February 2016.
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