United Stores Corporation
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Product Details
CompanyUnited Stores Corporation
Certificate Type
Class A Stock
Date Issued
April 30, 1930
Canceled
Yes
Printer
American Bank Note Company
Signatures
Hand signed
Approximate Size
13 1/4" (w) by 9 3/4" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The United Stores Corporation was incorporated on June 8, 1929 as a consolidation of the United Cigar Stores Company, the Tobacco Products Corporation and the Union Tobacco Company.
In 1958, Albert M. Greenfield, chairperson at Bankers Securities Corporation and Variety Stores Corporation, acquired a large percentage of United Stores Corporation stock. In January 1959, the McCory and McLellan chains, 37 percent owned by United, effected a merger. Then on February 18, 1959, H. L. Green Company, Inc. acquired Greenfield’s equity in United Stores Corp. H. L. Green Co. dated back to 1932, when Harold L. Green acquired five retail companies in the limited price field.
In 1960, Meshulam Riklis acquired 38, and later 50, percent of the stock of United Stores Corporation. The McCrory-McLellan-Green (M-M-G) relationship resulted in approximately 850 stores with an estimated annual volume of more than $310 million. Within 15 years, M-M-G, renamed McCrory Stores (a subsidiary of McCrory Corporation), would represent the keystone of Riklis Family Corp's variety store business.
By 1961, Meshulam Riklis had completely bought out United Stores Corporation and had started running the behemoth, serving as interim president.
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Additional Information
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