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3 unusual facts about Broadway Stores


Broadway Stores

After attempting an ill-fated, unsuccessful hostile takeover of Marshall Field in 1977, the company acquired the venerable but tattered John Wanamaker's of Philadelphia for $60 million (cash) in April 1978.

In 1992, after one and one-half years of bankruptcy negotiations, financier Sam Zell and his Zell/Chilmark Fund completed the reorganization of the newly renamed Broadway Stores, Inc.

Edward W. Carter

In 1945, he served as an executive of Broadway Stores, later endowed with 150 stores and sales of $7.5 billion a year.



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