Retail Industry
Industry: Email Alert RSS FeedNewman buys E-J, Father & Son parent.(George Newman buys Endicott Johnson Corp.)
Footwear News, December, 1996 by Malone, Scott
George Newman of George Newman and Co. bought Endicott Johnson Corp from Millennium Chemicals Inc and plans to rebuild the Father & Son shoe store chain acquired with Endicott. Newman hopes to strengthen Father & Son's core markets and then expand the 75-store chain into other regions. Father & Son is a $50 million company.
NEW YORK -- At the end of a shaky year, Endicott Johnson Corp., the Johnson, N.Y.,-based company that operates the Father & Son retail shoe chain, has a new owner and is braced to expand its role in the footwear market again.
After reportly laying off several employees earlier this year and for a time suspending buying due to a budget review, the 75-store chain was purchased in October for an undisclosed price by George Newman, president of...
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