Businessweek Archives

A Mall Mogul Gets Mauled


In Business This Week

A MALL MOGUL GETS MAULED

Shopping-mall developer Alfred Taubman keeps getting lost in department stores. Woodward & Lothrop, the Washington (D.C.)-based retailer that also owns Philadelphia's John Wanamaker, filed for bankruptcy protection on Jan. 17. Taubman shelled out over $400 million for the two chains in the mid-'80s and is now the largest unsecured creditor. He also owns 6% of the preferred stock of R.H. Macy, mired in bankruptcy court since 1992.EDITED BY KEITH H. HAMMONDS


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus