The chain, which started with a single shop in Brooklyn in 1924, said it would close all 42 of its locations by the end of July, citing competition from online retailers.
Category: Family Business
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Bruce Newman, Leading Man of Antiques, Dies at 94
He oversaw Newel Galleries and its over-the-top treasures that embellished Broadway and Hollywood sets and the living rooms of movie stars and a first lady.
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Birkenstock, German Maker of Iconic Sandals, Files for I.P.O. in New York
By going public on the N.Y.S.E., the brand is seeking to build on its reputation as a family-owned German business equally at home as on the fashion catwalks.
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These Legacy Design Brands Honor Generations of Expectations
Scions of their family businesses are embracing legacies, whether lost or lasting, while tackling a future that their forebears would barely recognize.
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Small Bits of Leather Shape an Industry
A one-man family business still produces watch straps and other small leather items. But the number of such companies has been declining sharply in Italy.
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When Your Career, and Retirement, Are the Family’s Business
Succession plans, or the lack thereof, can hinder the transition to a new generation — and affect how loved ones fund their later years.
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At This Mexican Restaurant, Everyone is Family
Sarapes isn’t just a place to be physically fed. It’s an emotional and spiritual hub that brings a community together.
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T. Rowe Price Raises Concerns About News Corp’s Merger With Fox
T. Rowe Price, the largest owner of News Corp after the Murdoch family, says the deal risks undervaluing News Corp.
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Jean Arnault Debuts New Louis Vuitton Watch Prize
Jean Arnault, the 24-year-old son of the luxury goods titan Bernard Arnault, is introducing a new watchmaking prize from Louis Vuitton.