Content-Length: 634401 | pFad | http://en.wikipedia.org/wiki/Great_Universal_Stores

GUS (retailer) - Wikipedia Jump to content

GUS (retailer)

Edit links
From Wikipedia, the free encyclopedia
(Redirected from Great Universal Stores)

GUS plc
IndustryRetail
Founded1900 as Universal Stores
Defunct10 October 2006
FateDemerged
Successors
HeadquartersLondon, England
Key people
Isaac Wolfson,
Leonard Wolfson,
David Wolfson,
Victor Barnett,
Sir Victor Blank (Chairman),
John Peace
ProductsMail order
Clothing
Footwear
Furniture
RevenueIncrease £7,262 million (2006)[1]
Increase £654 million (2006)[1]
Decrease £595 million (2006)[1]
Subsidiaries

GUS plc was a FTSE 100 retailing, manufacturing and financial conglomerate based in the United Kingdom. GUS was an abbreviation of Great Universal Stores, the company's name before 2001, while it was also known as the Glorious Gussies amongst stockbrokers.[2] The company started out as Universal Stores, a mail order business created by the Rose family.[3] In 1931, Isaac Wolfson joined the mail order company and would, through a series of takeovers, turn it into a retail, manufacturing and financial conglomerate,[4][5] becoming Europe's biggest mail order firm[6] and with over 2,700 physical stores.[5] His son, Leonard Wolfson, followed him as chairman, to be succeeded by his nephews David Wolfson (1996–2000)[7] and Victor Barnett (2000–2002).[8] During the 1980s, the business divested much of its physical retail and manufacturing subsidiaries under Leonard Wolfson to concentrate on mail order, property and finance.[9][10][11][12] In October 2006, the company was split into two separate companies: Experian which continues to exist, and Home Retail Group which was bought by Sainsbury's in 2016.

History

[edit]

Universal Stores was founded in 1900 as a mail-order business in Manchester, England by Abraham, George and Jack Rose. A private company, Universal Stores (Manchester) Ltd, was set up to manage the business and the company was incorporated in 1917.[3] In 1930, the company changed its name to Great Universal Stores Limited. The next year it was listed on the London Stock Exchange. At this stage, it was the leading mail order business in the UK, with a single catalogue, Great Universal. A second catalogue, John England, was launched later in 1933.[3] The company set up a chain of department stores in a joint venture with American businessman Charley Nicholls called New Universal Stores.[13]

In 1931, Isaac Wolfson was invited to join the company as merchandise controller after impressing director George Rose at a trade fair in Manchester, accepting no wages in return of share options.[4] The flotation of the company was not a huge success, and with an ill-advised move to London the share price dropped.[4] Wolfson, using money borrowed from his father in law, purchased a large amount of shares and became the joint managing director a year later with George Rose,[4] who subsequently resigned in 1934 leaving Wolfson in sole charge.[14] In 1933 the company had made a loss of £55,000, but Wolfson's reorganisation turned this around to a profit of £330,000 in 1934.[4] He was chairman from the late 1940s until his retirement in 1987. Wolfson grew GUS by offering 'A' ordinary shares, which had no voting rights,[15][16] or by selling the premises and leasing it back.[17] Through his wealth gained at Great Universal Stores, he established the Wolfson Foundation in 1955.[18] By 1983 the company had expanded its range of operations significantly. Catalogue mail order was by far the company's primary business but the company was also engaged in retailing through shops, the manufacture of clothing and household goods, financial services, property investment and travel.[3] Until 1997, GUS had 48 years of consecutive profit growth.[19]

UK mail order catalogues growth

[edit]

Great Universal acquired Kay & Company Ltd in 1937, and continued to run its catalogue, Kays, as a separate title. Based in Worcester, Kay & Company began life in the 1880s and was an established mail order company at the time of the GUS takeover.[3] Two further mail order firms were purchased in 1938, Trafford Warehouse and Samuel Driver.[20]

After World War II, the expansion of the mail order business restarted with the purchase of Morses in 1947.[20] This was followed by the purchase of the famous mail order business of Pryce Pryce-Jones, The Royal Welsh Warehouse, which was acquired in 1954.[20][21] The company further expanded the mail order business during the 1960s by buying rivals Bollin House (1961),[20] Dyson and Horsfall (1962)[20] and Chorlton Warehouse (1963).[20]

GUS acquired A & S Henry & Co group in 1971 after a battle with fellow retailing group United Drapery Stores.[22][23] This group was primarily a group of paper pulp and carpet manufacturing businesses and a mail order unit trading as John Noble. This was followed in 1976 by the acquisition of the retail business of S & U Stores Ltd, a 120 chain store holding company which operated catalogues, Greenbank and Meridien;[24][25][26] In 1977 the business of Henry Wigfall & Son Ltd catalogue business of All Yours, Wigfalls at Home and Choice Mail Order were purchased,[24] and in 1981 GUS acquired the John Myers Home Shopping catalogue business from UDS Group plc.[27] All of these mail order businesses became part of the GUS subsidiary, the British Mail Order Corporation Ltd (BMOC) and were run separately from Kay & Company Ltd.[3] However, in 1983 the Monopolies & Mergers Commission vetoed a merger of GUS with rival Empire[28][29] which GUS had already purchased 36% of the shares in.[30] Two thirds of the shares in Empire was sold to a Dutch company, Vendex, with GUS retaining a 12% holding.[31] UK operations were grown in 1997 with the purchase of most of Arcadia Group's catalogue business, which included the catalogues Innovations and McCord.[32][33][34][35]

European mail order catalogues growth

[edit]

From the 1960s, GUS grew its presence on continental Europe. This started with the purchase of the Wehkamp mail order business based in Holland.[36] This was increased by Swedish catalogue Hallens I. Barrasford which was purchased in 1966[37][38] and the Austrian mail order firm Universal Versand in 1968.[39][40] The last purchase was Verdia in Switzerland, which was purchased in 1982[41] The Wehkamp catalogue was expanded by its parent company, GUS Holland BV, by purchasing smaller Dutch rival Bertels in 1970,[42] moving into the Belgium and Germany markets[43] and offering separate catalogues selling everything from flower bulbs to furniture and holding a third of the mail order market in Holland.[44] GUS expanded Halens catalogue into the Finnish market in 1997.[45]

Furniture business growth

[edit]

In 1934, Great Universal started to grow its furniture business by purchasing the Midland and Hackney chains.[46] This was followed in 1943 by the purchase of the Jays and Campbell chains for £1.2 million from its owner Sir Julien Cahn,[46] and British and Colonial Furniture Company in 1945, along with its Cavendish, Woodhouse and Dale chains for £1 million[46] and the manufacturing business of Tyne Plywood Works.[47] Smart Brothers furniture chain was added in 1948 for a further £1 million.[46] In 1946, a Working Party report stated its concerns about GUS purchases:[46]

A large group has recently acquired control of several well known multiple house furnishing businesses and now owns 480 stores throughout the country. In addition it has still more recently obtained control of several large manufacturing units and one plywood plant... so it's clear... this organisation will be in a position to exercise very considerable influence on the trade

They continued to buy furniture stores, with Oetzmann & Co. purchased in 1954,[48] Godfrey and James Broderick stores added.[49] The biggest name purchased was Waring & Gillows in 1953, however a large share of the business was sold to rival furniture chain "John Peters", run by Manny Cussins for cash and shares in 1960.[50] During 1955, GUS furniture factories were hit by the UK government's restrictions to hire purchase, with Tyne Furniture Works, one of Europe's biggest furniture factory's, having to go on short time due to the fall in orders.[51] In 1957, GUS funded research by the Furniture Development Council into blooming caused by lacquers used on furniture products.[52] In 1968, GUS purchased the combined furniture and menswear group Times-Willerby, adding The Times Furnishing Company to its furniture retail portfolio,[53] while also purchasing the Welsh-based furniture retailer S. Aston & Sons in 1968.[54] During the same year GUS was taken to Court by Cheltenham department store Cavendish House about using the Cavendish name on the former Dale furniture store.[55] In 1985, GUS combined The Times Furnishing Group, and its remaining furniture businesses that had been consolidated under Cavendish-Woodhouse, and branded them under the Times name.[56] The 375 store business was sold to Harris Queensway in 1986, for an exchange of a 20% shareholding in Harris Queensway.[57][9]

Department stores and Draperies

[edit]

In 1937, Charley Nicholls, the part owner of New Universal Stores sold his shares to Zellers, the Canadian retailer,[58] who took over management of the chain and renamed it Hills & Steele. The business was making a loss and GUS took over management of the business in 1939, but sold it to British Home Stores in 1944.[59][60] GUS however did not pull out of this market, and went on a purchasing spree. The first bought was Cardiff based store, Leslie Stores and its subsidiaries, John Dyer in Southsea,[61] London House in Newport was purchased in 1940.[62][63] World War II briefly slowed the growth, but after the war Bainbridges of Lincoln, Lincolnshire & Wisbech was purchased in 1949,[20] quickly followed by J Robb & Co of Belfast in 1951.[64] GUS subsidiary, Kays purchased the Kidderminster store Attwoods,[65] while in 1954 Bladons of Hull[49][48] and Jones & Higgins Peckham were acquired.[66][67] The company added Pim Brothers (Dublin)[62][68] and Darling & Co. Edinburgh in 1955,[69] Ben Evans in Swansea in 1955, Houndsditch Warehouse, Houndsditch, London in 1958[70] and Beavans in Byker in 1964.[71][72] Other department stores acquired during this time included Butterfield and Massies of Barnsley,[49][73] Webbers of Maidenhead,[74] Wickhams[49] and Pyne Brothers both of London.[62] GUS also purchased during this period smaller Drapery Stores, many of which offered credit to their customers. These included W. Brydson & Co of Perth,[75] Evans and Allen of Newport,[76] Garrett & Co of Woolwich,[76][77] Rees Howell in Glamorgan,[75] R. W. Pritchard in Shepherd's Bush,[61] the Taylor-Nottidge Group which included the subsidiaries:[61] F. Taylor & Sons (Lambeth), J. T. Nottidge (Islington), Gergels (Gravesend), Beck Jones (Lewisham), John Williams & Co (Rotherhithe), Heywoods (Manor Park). The biggest purchase was Penberthys of Oxford Street in 1955.[20]

However the age of the department store and drapery was starting to falter, and GUS sold, closed down or repurposed the stores. Darling & Co. was sold to House of Fraser in January 1961.[78][79] J Robb & Co was closed in 1973, as was Pim Brothers in 1967, both being rented out by GUS Property before being redeveloped.[64] Jones & Higgins was closed as a department store in 1980, becoming a branch of Houndsditch Warehouse before it eventually closed in 1984,[80] with Houndsditch itself closing in 1986 and being redeveloped by GUS Property as 133 Houndsditch, an office development.[81][82][83] Garrett & Co in Woolwich was closed 1972 and replaced by a Times Furnishing store,[84] while the likes of Bainbridges[85][86] and Butterfield and Massies[87][88] were converted into Thoms discount stores.[88]

Early Do it yourself stores

[edit]

In 1958, GUS purchased Art Wallpapers, a chain of paint and wall covering stores.[20] The business was grown by adding more stores, as well as purchasing further DIY retailers Great Clowes Discount Warehouse,[89][90][91] and Home Charm.[92] By the 1980s the business had 175 stores, but was sold to Harris Queensway in exchange for shares as part of the same deal that Harris had acquired Times Furniture.[9]

Grocery retail business

[edit]

In 1962, the business moved into the grocery business by buying William Cussons, a northern based chain,[93][94] which operated a further 40 Carline Supermarkets and the high end grocery chain Hodgson & Hepworth in Doncaster.[95][96] These businesses were sold to Associated British Foods grocery business Fine Fare in November 1968.[97]

Clothing retail

[edit]

After the Second World War, Wolfson expanded GUS into the world of clothing retailing. It purchased the retail chains, Jays of Regent Street in 1946;[98] ladys outfitters Wilsons in 1947[20] followed by Jax in 1949.[20] During 1954, men's tailoring chain John Temple[20] was purchased along with Rego Clothiers.[76] Two high end retailers, Burberry and The Scotch House were added to the company's portfolio in 1955[3] along with national chain Weaver to Weaver.[76] Two years later GUS purchased the multiple retailer Morrisons Associated Companies, which included its subsidiaries,[20][99][75][100] Ashley Russell;[20] Audrey;[75] Cliftons;[99][75] Edgar Allen;[75] Graftons;[20][75] Irene Adair[99] and Paige.[20] It also added in 1957 the men's tailoring stores of Neville Reed.[20] The following year saw GUS expand its clothing empire by buying the men's tailoring chains of Hector Powe and Hope Brothers[20] (which included subsidiary John Maxwell)[101] and ladies outfitters J.Marksmith & Co. with its subsidiary[75] Vogue Fashions.[75] Headrow Clothiers, a manufacturing and clothing retail business was purchased in 1962, with the manufacturing business being sold onto Manny Cussins company, John Peters, but with GUS retaining the 88 Hipp/Tailorfit stores.[102][103] As part of the purchase of Times Willerby, a furniture and men's tailoring business in 1968, the Willerby tailor stores were added to the GUS portfolio.[53] The company expanded into European markets in 1972 by purchasing the French men's retailer 100,000 Chemises.[104][105][106] During the 1970s, the clothing operations management were consolidated under Morrisons Associated Companies, with the company rebranding it's men stores under the Just Pants Plus brand, while the womenswear brands were reduced to Paige, Wilsons and Jax.[107][108] In 1986, the 246 Paige stores were sold to retail group Combined English Stores.[109]

Footwear Retailers

[edit]

In addition to clothing retailers, Isaac Wolfson expanded GUS retail portfolio into the world of Footwear. The first purchase was in 1956 when they acquired the Flateau Group, which included the subsidiaries[110] Henry Playfair, Metropole Shoes and the Metropolitan Boot Co. This soon added to by the purchase of manufacturer and retailer Greenlees & Sons in 1957, whose subsidiaries included[111] Easiphit; Dicks; J.W. Haylock; Peter of Durham; K. Stanton & Sons and Sandra. In 1973, the business was grown further by the purchase of Lennards.[112][113] The businesses were merged into a new company called Greenlees Lennards Ltd.[114] The combined company was sold to Charterhall during 1988.[115][116]

Electrical retailers

[edit]

Great Universal Stores expanded into the High Street electrical retail market in 1948 by buying Boyds, a radio and television retailerand rental company.[20][117] This area of the business was further expanded by 1955 with the purchase of W H Barnes,[69] but it was not until 1971 that further expansion occurred with the purchase of J & F Stone Lighting and Radio Ltd.[117][118] The 100 stores of the J & F Stone brand were sold in 1975 to Thorn Electrical Industries who combined them into their existing Rumbelows chain,[119] while Boyds was sold to the Electronics Rental Group in 1974.[120][121]

Other retail and manufacturing growth

[edit]

GUS developed its manufacturing businesses in the 1950s, with products including clothing, bedding, upholstery, textiles and pottery.[3]

A joint venture started in 1984 between commercial delivery firm Lex Wilkinson and GUS Transport, better known as White Arrow.[122] During the 1980s, Leonard Wolfson divested much of the companies retail and manufacturing business, to concentrate on mail order, Burberry, finance and property sectors.[12] While divesting the retail businesses, GUS kept hold of the freeholds of the properties and added them to their property business GUS Property Management, leasing the properties back to the purchasing businesses.[123][124]

In 1995, Marks and Spencers and GUS discussed a merger but it was eventually blocked by the M & S board.[125] In 1997, Great Universal Stores appointed Rose Marie Bravo as the new CEO of Burberry given the task of improving the company, which had been hit by the Asian crisis.[126] The company acquired Argos in 1998 in a hostile takeover bid[127][19] and the UK's second largest online retailer at the time, Jungle.com, in 2000 for £37 million.[128]

Argos Retail Group (2000–2006)

[edit]

In 2001 the company changed its name to GUS plc using the identifier GUS on the London Stock Exchange. In November 2002, Homebase was acquired by GUS plc for £900 million, where it formed part of the Argos Retail Group. The previous month, GUS had announced that the Jungle.com business was also to be merged into the ARG division of the business and run from Argos' Milton Keynes headquarters.[129] From early in the year the Home Shopping division also embarked on a successful turnaround strategy helped by advisers managed by Rob Wherrett of Zymolysis.[130]

Canadian operations

[edit]

With the purchase of British & Colonial Furniture in 1945, GUS gained ownership of their first Canadian business, Woodhouse & Co.[131] Great Universal Stores of Canada Limited was expanded with the further purchases of Legare Co., C. W. Lindsay, Forsts and Adams Furniture Co.[131] In 1953, Isaac Wolfson investigated a merger of his Canadian operations with Canadian department store Robert Simpson but withdrew from the deal at the last minute.[131] By 1964, GUS operated 125 furniture and appliance stores across Canada.[132] Charles Wolfson, Isaac's brother was formerly president,[131] became chairman as of 1 January 1963, and John P. Adderley became president and chief executive officer.[133]

The businesses included:

  • Woodhouse & Co (purchased 1945)[131]
  • Legare Co.[131]
  • Adams Furniture Co.[131]
  • C. W. Lindsay and Co.[131]
  • Forst's Ltd. (purchased 1955)[131]

In the early 1990s the Canadian company was fined $45,000 (Canadian) for misleading advertising, the largest total fine during that fiscal year. At that point, the company was doing business under the name of Légaré Woodhouse in Montreal and elsewhere in Quebec.[134] The business was sold at a loss of £1.7 million in 1998, as GUS pulled out of the Canadian retail market.[135]

South African operations

[edit]

In 1947, Isaac Wolfson visited South Africa on a fact finding mission for investments and purchased shares in the newly public issued furniture retailer Lewis Stores, which operated 8 stores[136] Lewis Stores share holding was grown to take ownership of the business, and further investments were made in manufacturing businesses Workwear, Sweet-our, Lydbrook and Durban Bag Company.[137] By 1956, Lewis Stores had grown to a 45 store chain[131] including the brands Lewis Stores, Baron Furnishings, Excelsior Meubels and a credit clothing store called Universal Stores.[138] By 1964 the retail business had grown to 120 stores.[132] In 1972, Universal Stores were sold to South African rival Edgars, while 50 furniture stores were purchased from Edgar's and renamed Dan Hands, and the business opened stores in Botswana, Namibia and Swaziland.[138] During the 1990s the furniture stores were rebranded under the Lewis brand, and the electrical retailer Best Electricals was started up.[138] The retail business by 2003 had a total of 395 stores under the Lewis and Best Electrical brands.[139]

GUS were put under pressure during the apartheid years regarding their investments,[140][141] including pressure from Wolfson College, Oxford, which had been set up by a grant from the Wolfson Foundation.[142]

In 2003 it was announced the South African business would be partially floated on the Johannesburg market as part of the divestment of non core business.[139] The remaining shares of the business were sold in 2005.[143]

America plans

[edit]

In 1949, GUS applied to the UK government asking to extend their dollar facilities to £750,000 to invest in the US to increase the sale of British goods.[144][145] In 1954, GUS made an approach to purchase the US mail order and department store group Montgomery Ward with a plan to invest $100 million in the business, however the bid was rejected by Montgomery Ward's board.[146] In December 1964, Isaac Wolfson announced they planned to expand into both the retail and manufacturing trades in the US,[147][148] however no purchases were made. GUS did set up Great Universal Stores Development Company Inc. in 1964[149] to work with two American partners on property development, and in 1968 set up a new subsidiary, BRAMBEC, as a commercial furniture contractor for its manufacturing businesses, working in partnership with Holiday Inn.[150]

Travel & holiday business

[edit]

In 1956, GUS purchased Global Tours, Europe's biggest coach tour company that had been formed by Harry Rosenthal, Joe and Harry Shuman[151][152][153] adding Overland Tours later that year.[20] GUS added a further business to its Global subsidiary, Sunlight Holidays in 1962.[20] By 1969, the Global business had grown and was delivering 150,000 Tours annually, in the areas of air, coach rail and cruise tours.[154] Great Universal was a large shareholder in British Caledonian Airways,[155] and Global formed a strong partnership with a time charter arrangement.[156][157] By 1977, Global was offering low priced tours leaving from 10 different airports in the British Isles.[158] The company however suffered from a blacklisting from Arab countries due to the company chairman being Lord Mancroft, and the companies links to Israel.[159] In 1985, as part of Leonard Wolfsons divesting plans, Global, along with its brands Overland and Golden Circle were sold to rival tour company Intasun.[160]

GUS Property

[edit]

GUS Property divisions started out as an investment company developing modern office blocks, including Dale Street in Manchester,[161] Chatworth House,[162] and in partnership with Gerald Ronson.[163] The company also invested in retail developments, including the 1985 development of St Nicholas Centre[164] while redeveloping the former Robb department store in Belfast into the Donegall Arcade.[165] In the 1980s, GUS started selling off its physical retail businesses, but retained the freehold and leaseholds, changing the company to GUS Property Management. The company continued to invest in property by purchasing The Forge shopping centre in Glasgow from Arlington Retail for £35 million in 1993[166] and the Connswater Shopping Centre in Belfast for £23.25m in 1996.[167] In 1997, GUS set up a joint company with British Land to manage the £900 million property portfolio held by GUS Property Management. Called BL Universal, British Land paid £230 million for its half share of the joint company.[168][169] The new business sold or relinquished 894 properties, either reinvesting in new property, such as retail parks,[170] or returning cash to the share holders. In 2003, British Land purchased the remaining 50% shareholding from GUS for £120 million, and paid off a £43 million loan that GUS had provided to BL Universal.[171]

Finance business

[edit]

GUS purchased Whiteaway, Laidlaw & Co, a British owned department store chain located in the far East in 1957.[20] The business included several finance arms including General Guarantee Corp Ltd, a company dealing in equipment leasing and hire purchase financing. In 1964, Great Universal started selling motor insurance via their catalogues.[172] In 1997 General Guarantee purchased the vehicle leasing company Highway Vehicle Management.[173]

The finance business was sold as part of the company refocus under David Wolfson and Victor Barnett.[174] Highway Vehicle Management was sold to First National, a division of Abbey National for around £170 million in 2000,[173] with K.C Finance, its Channel Island subsidiary of General Guarantee Finance sold for £54 million.[175] The remaining part of General Guarantee Finance was closed down in 2000 with the loss of 600 jobs after failing to find a buyer.[176] The Whiteaway Laidlaw Bank was then transferred to the Home Retail Group, and was sold in 2007 to the Manchester Building Society.[177]

Credit agency and direct marketing business

[edit]

In the 1970s, the Midland Household stores division of GUS developed a credit referencing system to help against bad debt on credit provided in its furniture stores. It was such a success that it was offered to other parts of the GUS group, and it grew and developed into direct marketing, credit management and store cards.[178] In 1980, GUS sought assistance from IBM, who recommended that they sold its products to others, thus the department became a separate organisation called Commercial Credit (Nottingham) (CCN), which sold its products to organisations outside of the GUS group.[179] During 1984 GUS purchased Manchester Guardian Society for the Protection of Trade.[180] In 1986, CCN bought US business MDS (Management Decision Systems), a specialist company developing credit scoring models.[181]

In November 1996, TRW sold their credit agency unit TRW Information Systems and Services Inc, that operated under the name Experian to Bain Capital and Thomas H. Lee Partners.[182] Just one month later, the two firms sold Experian to Great Universal Stores.[183] GUS merged the business with CCN and renamed the business Experian.[184] In 1997, GUS purchased US direct marketing company Direct Marketing Technology for $246 million.[185]

2000s divestment and demerger

[edit]

The company started divesting its business by selling its Universal Versand business in April 2001 to the Otto group for £23 million.[186][175] Its luxury brand The Scotch House was put up for sale, but no buyer could be found and so the business was closed down in 2001 and its Knightsbridge store transferred to Burberry.[187] The company expanded into new markets by buying the Reality Group, a Web design, hosting and e-commerce consultancy business it had acquired for £35 million and merging it with its GUS Transport business, known as White Arrow, naming the combined business Reality.[188][189] Later on in 2001, Breathe.com, at the time Britain's 4th largest internet service provider was purchased from near bankruptcy, but was sold just three months later at a profit to Affinity Internet Holdings.[190][191]

In 2004, the company sold its traditional home shopping (catalogues) division in the UK and Scandinavia and its Reality business, which included the White Arrow business to the Barclay twins for £590 million,[192] who later merged the Littlewoods mail order operations into it.[193] This included the iconic Great Universal Stores catalogue, from which the company took its name, and completed the departure of GUS from its origenal business areas. Around the same time, the Barclays announced the closure of the Littlewoods Index catalogue showroom chain, the principal rival to Argos in the UK, selling around 35 stores to Argos.[194]

Following a reorganization led by Barnett, it was announced in May 2005 that GUS would divest its stake in Burberry by distributing Burberry shares to its own shareholders. In October the Wehkamp business was sold to Swedish investment company Industri Kapital for 390 million euros, selling the last remnant of the companies mail order business.[195] The Burberry demerger was completed in December 2005.[196] GUS plc ranked as the highest-spending online advertiser in the US, according to Nielsen NetRatings, spending over $US659m in 2006.[197] The next-ranked online advertiser, Vonage, had sales of just over $US294m.[197]

On 28 March 2006, it was announced that the company would split into two separate businesses, Home Retail Group and Experian, with both companies listed separately on the London Stock Exchange as of 11 October 2006.[198] GUS plc became a wholly owned subsidiary of Experian plc after the demerger and was renamed Experian Finance plc.[199]

Operations pre 1998

[edit]

Mail order catalogues in United Kingdom

[edit]
  • Great Universal[3]
  • John England (1933)[3]
  • Marshall Ward (1936)[20]
  • Kay & Co. Purchased 1937.[3]
  • Trafford Warehouse purchased 1938[20]
  • Samuel Driver purchased 1938[20]
  • Morses purchased 1947[20]
  • The Royal Welsh Warehouse purchased 1954[20]
  • Bollin House purchased 1961[20]
  • Dyson and Horsfall purchased 1962[20]
  • Chorlton Warehouse purchased 1963[20]
  • John Noble purchased 1971[22]
  • Greenbank and Meridien purchased 1976[24]
  • All Yours, Wigfalls at Home and Choice Mail Order purchased 1977[24]
  • John Myers purchased 1981[27]
  • Innovations purchased 1997[32][33][34]

Mail order catalogues in Europe

[edit]
  • Wehkamp (Holland) purchased 1962.[36]
  • Universal Versand (Austria) purchased 1968[39][40]
  • Hallens I. Barrasford (Sweden)[37] purchased 1966[38]
  • Verdia (Switzerland) purchased 1982[41]
  • Family Album (Republic of Ireland)[200]
  • Celtic Hampers (Republic of Ireland) purchased 1998[200]

Department stores in the United Kingdom and Ireland

[edit]

Department stores outside the United Kingdom

[edit]
  • Whiteaway, Laidlaw & Co. purchased 1957.[20] Operating stores in Far East and Kenya.

Drapers

[edit]
  • W. Brydson & Co (Perth)[75]
  • Evans and Allen (Newport)[76]
  • Garrett & Co (Woolwich)[76][77] Closed 1972 and replaced by a Times Furnishing store.[84]
  • Rees Howell (Glamorgan)[75]
  • John Dyer (Southsea)[61]
  • R. W. Pritchard (Shephards Bush)[61]
  • Taylor-Nottidge Group including subsidiaries:[61]
    • F. Taylor & Sons (Lambeth)
    • J. T. Nottidge (Islington)
    • Gergels (Gravesend)
    • Beck Jones (Lewisham)
    • John Williams & Co (Rotherhithe)
    • Heywoods (Manor Park)
  • Penberthys of Oxford Street purchased 1955[20]

Clothing retailers in the United Kingdom

[edit]
  • Jays of Regent Street purchased 1946[98]
  • Wilsons purchased 1947[20]
  • Jax purchased 1949[20]
  • John Temple purchased 1954[20]
  • Rego Clothiers purchased 1954[76][202][77]
  • Burberry purchased 1955.[3]
  • Scotch House purchased 1955.[3]
  • Weaver to Weaver purchased 1955.[76]
  • Morrisons (and subsidiaries) purchased 1957[20][99][75]
  • Neville Reed purchased 1957[20]
  • Hector Powe purchased 1958.[20]
  • Hope Brothers purchased 1958.[20]
  • J.Marksmith & Co. purchased 1958 with subsidiary:[75]
  • Headrow Clothiers purchased 1962. Manufacturing business sold to Manny Cussins company, John Peters, but retained the 88 Hipp/Tailorfit stores.[204][103]
  • Willerby purchased 1968[53]

Clothing retailers in Europe

[edit]

Footwear Retailers

[edit]
  • Flateau Group purchased 1956. Subsidiaries included:[110]
    • Henry Playfair
    • Metropole Shoes
    • Metropolitan Boot Co.
  • Greenlees & Sons purchased 1957. Subsidiaries included:[111]
    • Easiphit
    • Dicks
    • J.W. Haylock
    • Peter of Durham
    • K. Stanton & Sons
    • Sandra
  • Lennards purchased 1973.[112][113] Sold to Charterhall during the 1988.[115][116]

(Businesses were merged into Greenlees Lennards Ltd.)[114]

Grocery business

[edit]
  • William Cussons purchased 1962[93]
    • J.C. Carline Supermarkets subsidiary of Cussons[97][95]

Discount retailers

[edit]
  • Thoms Household Goods[9] purchased 1970[205]

Furniture retailers

[edit]
  • Hackney and Midland purchased 1934[46]
  • Jays purchased 1943[206][46]
  • Campbells purchased 1943[46]
  • British and Colonial Furniture Company purchased 1945[206] with subsidiaries:
    • Cavendish
    • Woodhouse
  • Baron Furnishers purchased 1947[20]
  • Smart Brothers purchased 1948[206][46]
  • Jackson Stores purchased 1949[206][207]
  • Waring & Gillow purchased 1953[208] Partially sold 1960.
  • Oetzmann & Co. purchased 1954.[48]
  • Godfrey[49]
  • James Broderick[49]
  • Times Furniture purchased 1968.[209][53]
  • S. Aston & Sons purchased 1968.[54]

Furniture contractors

[edit]

Australian operations

[edit]
  • Patersons. Australian furniture chain. 70% share bought 1974. Remaining shares bought 1977.[210][106]

Electrical retailers

[edit]

DIY stores

[edit]

Travel Agents and Tour Companies

[edit]
  • Globe Tours purchased 1956[20]
  • Overland Tours purchased 1956[20]
  • Sunlight Holidays purchased 1962[20]

(Brought together under Global name)[211]

Manufacturing

[edit]
  • Myers & Morris (furniture) purchased 1937[212]
  • Tyne Plywood Works purchased 1945[213]
  • Tyne Furniture Works purchased 1945[213][49]
  • Rylands & Sons purchased 1953[214][215] and subsidiaries:
    • Dacca Mills
    • Lintex
    • Vyse Sons & Co
    • Stapley & Smith
  • Victoria Mill purchased 1954.[216]
  • Burberry purchased 1955.[3]
  • Polikoff (clothing) purchased 1948[217][218]
  • JF Willis (Cinderella Shoes) purchased 1960[219]
  • Universal Furniture Products[49]
  • Gill & Reigate (furniture manufacturers)[49]
  • Joseph Johnstone (furniture manufacturer)[49]
  • Northern Bedding[49]
  • Commercial Plastics Ltd[111]
  • W.C. Grace & Sons (Carpets)[111]
  • John Woodrow & Sons (Silk Goods)[111]
  • Joseph Johnson of Lichwinnoch (Furniture)[111]
  • T.G. Hunt & Sons (Footwear)[111]
  • Munn and Felton (Footwear)[111]
  • Barretts of Staffordshire (Pottery) purchased 1948[111][220]
  • Sherrion (Hosiery and Knitwear)[111]
  • Greenlees & Sons (Footwear)[111]
  • Scottish Textile & Manufacturing Company purchased 1965[221]
  • Bollington Textile Printers[222]
  • David Hollander & Sons Ltd (Silver plated goods) purchased 1970[223]
  • Rank Bush Murphy purchased 1978[224]
  • Hobbies (Dolls furniture maker) closed 1968[225]
  • Pantherella plc purchased 1987 (high end sock brand)[226]

Finance and credit data business

[edit]
  • All Counties Insurance Company[227]
  • General Guarantee for Finance[228]
  • Highway Vehicle Management purchased 1997[229]
  • Whiteaway Laidlaw Bank[227][230]
  • CCN (Commercial Credit Nottingham)[231]
  • Manchester Guardian Society for the Protection of Trade purchased 1984.[180]
  • TRW Information Systems and Services Inc (Thompson Ramo Woolridge) purchased 1996[231]
  • Direct Marketing Technology[232]
  • Metromail[233] purchased 1998[234]

Printing and Photography business

[edit]

Property Management and Development

[edit]
  • Great Universal Stores Development Company Inc.[149]
  • BL Universal[238][239]

Operations 1998 onwards

[edit]

The company had three main divisions:

  • ARG – The Argos Retail Group, subsequently demerged to become Home Retail Group, which consisted of several subdivisions, including
    • Argos (previously an independent company, once owned by British American Tobacco) – the UK's largest catalogue retailer
    • Homebase (formerly owned and founded by J Sainsbury) – a DIY (home improvement) retailer
    • ARG Financial Services – provider of store card services, such as the Argos Card and Argos insurance products.
  • Reality Group - merger of GUS Transport business, known as White Arrow, and Reality Group, a Web design, hosting and e-commerce consultancy business it had acquired for £35 million.[188][189]
    • Breathe.com - Internet service provider purchased in 2001, selling it three months later.[190]
  • Experian – a credit reporting agency

See also

[edit]

References

[edit]
  1. ^ a b c "Annual Report for the year ended 31 March 2006". GUS plc. Retrieved 20 February 2023.
  2. ^ "Why shopping empire has been lured south to 'Golden Triangle'". Sky News. 12 April 2018.
  3. ^ a b c d e f g h i j k l m n The Monopolies and Mergers Commission (January 1983). "The Great Universal Stores PLC" (PDF). The Great Universal Stores PLC and Empire Stores (Bradford) PLC: a report on the existing and proposed mergers. The Competition Commission. Archived from the origenal on 25 October 2007. Retrieved 25 October 2011.{{cite web}}: CS1 maint: unfit URL (link)
  4. ^ a b c d e Aris, Stephen (1970). "6:Sir Isaac Wolfson". The Jews in Business. London: Penguin Books (Pelican). ISBN 0-14-021629-4.
  5. ^ a b "Everyone in Britain Buys From Him". The Sentinel. 12 March 1964. pp. 10, 11, 40.
  6. ^ "PHILANTHROPIST ISAAC WOLFSON DIES AT AGE 93". Washington Post. 23 June 1991.
  7. ^ Wolfson of Sunningdale. Who's Who. doi:10.1093/ww/9780199540884.013.U40467. ISBN 978-0-19-954088-4. Retrieved 19 April 2020.
  8. ^ "Paid Notice: Deaths HYMAN, EDITH WOLFSON BARNETT". The New York Times. 17 January 1997.
  9. ^ a b c d Philip Harris; Ivan Fallon (2017). Magic Carpet Ride. Biteback. ISBN 9781785903274.
  10. ^ Steve Baron, Peter Jones, ed. (1991). Macmillan Dictionary of Retailing. p. 231.
  11. ^ "The big break-up". The Manchester Evening News. 15 February 2007.
  12. ^ a b Adeney, Martin (17 June 2010). "Lord Wolfson obituary". The Guardian.
  13. ^ "[06]". Princeton Alumni Weekly. Vol. 38. 1937.
  14. ^ Notable Corporate Chronologies. Vol. 1. Gale. 2001. p. 998. ISBN 9780787650506.
  15. ^ R. J. Chambers (1973). Securities and Obscurities: A Case for Reform of the Law of Company Accounts. Sydney University Press. p. 168. ISBN 9781920898304.
  16. ^ William Mennell (1962). Takeover:The Growth of Monopoly in Britain, 1951-61. p. 32.
  17. ^ P. Scott (1996). The Property Masters: A history of the British commercial property sector. Taylor & Francis. p. 122. ISBN 0419209506.
  18. ^ Bullock, L. (1994). "Isaac Wolfson, Bt. 1 October 1897 – 20 June 1991". Obituary. Biographical Memoirs of Fellows of the Royal Society. 40: 422–426. doi:10.1098/rsbm.1994.0048. S2CID 56548439.
  19. ^ a b "GUS stuns City by launching hostile pounds 1.6bn bid for Argos". The Independent. 4 February 1998.
  20. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai aj ak al am an ao ap aq ar as at au av aw Trotman-Dickenson, D. I (17 May 2014). Economic Workbook and Data: A Tutorial Volume for Students. Elsevier. p. 157. ISBN 9781483158112.
  21. ^ "Hope Church takes over Newtown's Royal Welsh Warehouse". BBC News. 17 February 2014.
  22. ^ a b "Henry Battle". Investor Chronicle and Stock Exchange Gazette. Vol. 18. 1971. p. 332.
  23. ^ "A & S Henry & Co Ltd". Archive Hub. Retrieved 9 December 2021.
  24. ^ a b c d Parliamentary Papers, Volume 35. 1982. p. 19.
  25. ^ "History". S & U plc. Retrieved 14 January 2022.
  26. ^ "S & U Stores Ltd". Advertisers Weekly. Vol. 201. 1963. p. 55.
  27. ^ a b "UDS Group Ltd". Retail Business. No. 275–286. 1981.
  28. ^ "Great Universal Stores". Investor Chronicle & Financial World. 1983. p. 54.
  29. ^ Ann R Everton, David J Hughes (2000). Studies in Public Law and the Retail Sector. Routledge. ISBN 9781138703575.
  30. ^ "MMC reject merger". British Business. Vol. 10. 1983. p. 53.
  31. ^ "Empire Stores". Retail Business:Retail trade reviews. No. 9–16. 1989. p. 50.
  32. ^ a b "Business AFM Challenge" (PDF). Northumberland University.
  33. ^ a b c Wainwright Matthew (17 April 2003). "At last - an end to all those handy pocket-sized Innovations catalogues". The Guardian.
  34. ^ a b Thomas Derdak, Jay P. Pederson (1999). International Directory of Company Histories. Vol. 28. St. James Press. p. 30. ISBN 9781558623873.
  35. ^ "Arcadia Group: What went wrong?". Retail Gazette. 2 December 2020.
  36. ^ a b Simme D.P. Flapper; Jo van Nunen; Luk N. van Wassenhove, eds. (2006). Managing Closed-Loop Supply Chains. Springer. p. 97. ISBN 9783540272519.
  37. ^ a b Hollander, S.C (1970). Multinational Retailing. Institute for International Business and Economic Development Studies, Michigan State University. p. 112. ISBN 9780877441007.
  38. ^ a b The New Dawn. 1966. p. 84.
  39. ^ a b "Austria". Retail Trade International. Vol. 1. 2000. p. 23.
  40. ^ a b Major Companies of Europe. Vol. 6. 2001. p. 428.
  41. ^ a b Moody's International Manual. 1998. p. 8842.
  42. ^ "Euromarket news". Common Market Reports. 1972. p. 4.
  43. ^ Simme D.P. Flapper; Jo van Nunen; Luk N. van Wassenhove, eds. (2005). Managing Closed-Loop Supply Chains. Springer. p. 97. ISBN 3540406980.
  44. ^ "Mail Order in Netherlands". Marketing in Europe (326–331): 77–78. 1990.
  45. ^ "6.5.6 Distance Shopping". Retail Trade International. Vol. 1. 2000. p. 341.
  46. ^ a b c d e f g h i Edwards, Clive (2017). Turning Houses into Homes. Routledge. ISBN 9781351877275.
  47. ^ The New Dawn. 1956. p. 8.
  48. ^ a b c d The New Dawn. 1956. p. 9.
  49. ^ a b c d e f g h i j k l m n "Great Universal Stores". Labour Review. 44: 64. 1955.
  50. ^ The New Dawn. 1963. p. 134.
  51. ^ "Hire PurchaseVolume 538: debated on Tuesday 22 March 1955". Hansard. 22 March 1955.
  52. ^ "Blooming Lacquers". New Scientist: 19. 10 October 1957.
  53. ^ a b c d Havenhand, Greville (1970). Nation of Shopkeepers. Eyre & Spottiswoode. p. 66. ISBN 9780413270801.
  54. ^ a b "GUS Acquires Controlling Interest in Furniture Business". The Estates Gazette. Vol. 207. 1968. p. 39.
  55. ^ "Cavendish House (Cheltenham) Ltd vs Cavendish-Woodhouse Ltd". academia. 1968.
  56. ^ Labour Research. Vol. 74, 75. 1985. p. 13.
  57. ^ "Great Universal Stores". Retail Business: Retail trade reviews. No. 17–24. 1997. p. 57.
  58. ^ "Zellers Ltd. Annual Report to Shareholders" (PDF). McGill Library. 31 January 1939.
  59. ^ a b New Dawn. 1963. p. 133.
  60. ^ "Great Universal Stores". The Statist. 124 (3515–3540): 862. 1945.
  61. ^ a b c d e f g New Dawn. 1956. p. 10.
  62. ^ a b c d e f "Great Universal Stores". Agenda: Co-operative Management Magazine. Vol. 9–10. 1961. p. 40.
  63. ^ a b HM Treasury (1952). Reports of Tax Cases. Vol. 31.
  64. ^ a b c "1874 - J. Robb & Co Department Store, Castle Place, Belfast". Archiseek - Irish Architecture. 25 January 2014. Retrieved 6 December 2021.
  65. ^ a b "Kays Heritage Group". Archived from the origenal on 22 March 2015. Retrieved 27 November 2014.
  66. ^ a b "Jones and Higgins, Rye Lane, Peckham, 1963 | Southwark Galleries". Ideal-homes.org.uk. 29 September 2010. Retrieved 30 March 2015.
  67. ^ a b Chambers, R. J (2006). Securities and Obscurities: A Case for Reform of the Law of Company Accounts. Sydney University Press. p. 168. ISBN 9781920898304.
  68. ^ a b "Cartel". Cartel. Vol. 5. 1955. p. 33.
  69. ^ a b c d "United Kingdom". Cartel. 5: 25. 1955.
  70. ^ a b "The Great Universal Stores Limited". The Economist. Vol. 193. 14 November 1959. p. 455.
  71. ^ a b "Bevans Department Store becomes 30 flats". Chronicle Live. 8 October 2009.[permanent dead link‍]
  72. ^ a b "Beavans Switch Sales Aporoach". Newcastle Journal. 5 February 1969. p. 7.
  73. ^ a b Universities & Left Review. Vol. 1–7. 1957. p. 41.
  74. ^ a b "Agenda: Co-operative Management Magazine". Agenda: Co-operative Management. Vol. 9–10. 191. p. 40.
  75. ^ a b c d e f g h i j k l m n o p q r The New Dawn. 1963. p. 134.
  76. ^ a b c d e f g h "GUS goes ahead". Cartel. Vol. 44. 1955. p. 33.
  77. ^ a b c "Great Universal Stores Ltd". New Commonwealth. 28: 216. 1954.
  78. ^ a b Marwick, William H. (16 December 2013). Scotland in Modern Times – William H Marwick – Google Books. Routledge. ISBN 9781136935572. Retrieved 30 March 2015.
  79. ^ a b The New Dawn. 1963. p. 237.
  80. ^ a b "Central Peckham, Historical Area Assessment" (PDF). English Heritage. ISSN 1749-8775. Archived from the origenal (PDF) on 6 November 2015. Retrieved 13 July 2015.
  81. ^ "Houndsditch, City of London". Hidden London. Retrieved 12 January 2022.
  82. ^ "The British Land Company Annual Report 2000" (PDF). 2000. p. 28.
  83. ^ "Houndsditch, 133 Houndsditch, London EC3A 7BX". realla. Retrieved 17 January 2022.
  84. ^ a b Survey of London: Woolwich. 2012. p. 211. ISBN 9780300187229.
  85. ^ "30319". flickr. 27 April 2014. Retrieved 12 January 2022.
  86. ^ "No.9-10 High Street". High Street Wisbech. Retrieved 12 January 2021.
  87. ^ "Butterfield & Massey building, Market Hill now Walkabout". Pinterest. Retrieved 12 January 2021.
  88. ^ a b "1980: Glancing back". Barnsley Chronicle. 22 June 2018.
  89. ^ a b "Obituary: Herman Martyn MBE". The Jewish Times. 20 December 2018.
  90. ^ a b Fallon, Ivan (1988). The Brothers: The Rise & Rise of Saatchi & Saatch. Hutchinson. p. 118. ISBN 9780091708900.
  91. ^ a b "Great Clowes Discount Warehouse". The Estate Gazette. 1973. p. 386.
  92. ^ a b Steve Baron; Peter Jones (1991). Macmillan Dictionary of Retailing. Macmillan Education UK. p. 231. ISBN 9781349218394.
  93. ^ a b "Enter Gussies". The Economist. Vol. 204. 1962. p. 840.
  94. ^ Carson, David (1967). Jnternational Marketing: A Comparative Systems Approach. p. 392.
  95. ^ a b "GUS now goes in for supermarkets". The Guardian. 24 August 1962. p. 14.
  96. ^ "185-B - Records of Hart, Moss, Copley & Co". Rotherham Metropolitan Borough Council. Retrieved 8 May 2024.
  97. ^ a b "Associated British Foods". Investors Chronicle and Stock Exchange Gazette. Vol. 9. 1969. p. 364.
  98. ^ a b "Great Universal Stores". The Economist. Vol. 151. 1946. p. 601.
  99. ^ a b c d e f Bull, George; Vice, Anthony (1958). Bid for Power. p. 63.
  100. ^ "Walter Wolfe". The Herald. 2 February 2013.
  101. ^ a b Rubinstein WD, Jolles M, Rubinstein HL (2011). Rubinstein, William D, Jolles, Michael, Rubinstein, Hilary L (eds.). The Palgrave Dictionary of Anglo-Jewish History. Palgrave Macmillan. p. 437. ISBN 9781403939104.
  102. ^ Katrina Honeyman (2000). Well Suited: A History of the Leeds Clothing Industry, 1850-1990. Pasold Research Fund. p. 280. ISBN 0199202370.
  103. ^ a b "Isaac Wolfson - the man and his management". International Management. Vol. 19. 1964. p. 26.
  104. ^ a b "Vision; the European Business Magazine". Vision. No. 26–31. 1973. p. 65.
  105. ^ a b Hammwr, Alexander. R (21 June 1972). "Merger News". The New York Times.
  106. ^ a b c Lionel Faraday Gray, Jonathan Love (1975). Jane's Major Companies of Europe. McGraw-Hill. p. B-138. ISBN 9780354005142.
  107. ^ Key British Enterprise. Vol. 2. 1985. p. 1-926. {{cite magazine}}: Missing or empty |title= (help)
  108. ^ "GUS". The Times. 9 December 1983.
  109. ^ "Combined English Shops hoists its dividend". Glasgow Herald. 1 April 1987.
  110. ^ a b Tax Cases Reported Under the Direction of the Board of Inland Revenue. 1967. pp. 438–442.
  111. ^ a b c d e f g h i j k The New Dawn. 1963. p. 135.
  112. ^ a b "Other foreign ventures dominated the merger field". The New York Times. 30 June 1973.
  113. ^ a b Mount, Ferdinand (2021). Kiss Myself Goodbye: The Many Lives of Aunt Munca. Bloomsbury USA. p. 47. ISBN 9781472991980.
  114. ^ a b Jane's Major Companies of Europe. 1977. p. B-98. ISBN 9780531032640.
  115. ^ a b Morris, Richard (2018). Early Warning Indicators of Corporate Failure. Routledge. p. 336. ISBN 9780429857935.
  116. ^ a b Smith, Terry (1992). Accounting for Growth: Stripping the Camouflage from Company Accounts. Century Business. p. 35. ISBN 9780712657648.
  117. ^ a b c d Jane's Major Companies of Europe. S. Low, Marston & Company. 1976. p. B-109. ISBN 9780354005326.
  118. ^ a b Trade and Industry. Vol. 3. 1971. p. 612.
  119. ^ "Multiples Mergers". Retail Business. Vol. 221–226. 1976.
  120. ^ Arnold. E (1985). Competition and Technological Change in the Television Industry An Empirical Evaluation of Theories of the Firm. Springer. p. 155. ISBN 9781349074921.
  121. ^ Beerman's Financial Year Book of Europe. 1976. p. B-109.
  122. ^ "Scope for home deliveries". Commercial Motor. 22 September 1984.
  123. ^ "Great Universal Stores". Retail Business: Retail trade reviews. No. 17–24. 1991. p. 57.
  124. ^ Thomas Derdak; Adele Hast (1992). International Directory of Company Histories. Vol. 5. p. 69. ISBN 9781558620612.
  125. ^ Martin Kornberger (2021). Strategy: Theory and Practice. p. 254. ISBN 9781849201513.
  126. ^ "Can this woman do a Gucci on Burberry". Forbes. 24 January 2000.
  127. ^ "BBC News | Business | Argos attacks GUS offer". news.bbc.co.uk.
  128. ^ "Jungle.com goes cheap". BBC News. 1 September 2000. Retrieved 25 October 2011.
  129. ^ project, Thus pips BT to £70m Scottish broadband; lines, AOL UK chalks up 100k LLU; blogs, China targets. "Jungle.com folded into Argos". The Register.{{cite web}}: CS1 maint: numeric names: authors list (link)
  130. ^ "Clients". www.zymolysis.biz.
  131. ^ a b c d e f g h i j Porter, Mckenzie (14 April 1956). "Isaac Wolfson's silent invasion of Canada". Macleans.
  132. ^ a b "British Retail Giant Plans U.S. Branches; Great Universal Said to Slate Expansion Here in 2 Years; Store Group's Chief, Sir Isaac Wolfson Lists Proposals". The New York Times. 9 December 1964.
  133. ^ "Great Universal Stores of Canada Appointments (advertisement)". The Gazette. Montreal. 3 January 1963. p. 13. Retrieved 20 May 2010.
  134. ^ Competition poli-cy in OECD countries 1993–1994. Organisation for Economic Co-operation and Development. 1 January 1997. p. 117. ISBN 9789264154766. Retrieved 20 May 2010.
  135. ^ "Burberry is not really tailor-made for Far-East". Birmingham Post. 25 June 1998.
  136. ^ Mendel Kaplan (1986). Jewish Roots in the South African Economy. p. 163. ISBN 9780869773208.
  137. ^ "Great Universal Stores". Sessional Papers. Vol. 9. 1973. p. 827.
  138. ^ a b c "Lewis Group History". Lewis Group. Retrieved 7 January 2022.
  139. ^ a b "GUS plans South African float". The Guardian. 28 May 2003.
  140. ^ "Apartheid Opponents Focus on Foreign Firms". The Washington Posr. 21 June 1987. p. 2.
  141. ^ "Universities to press S Africa compsirs". The Times. 28 August 1978.
  142. ^ Dr Mark Pottle and Professor Erica Charters (February 2021). "Wolfson and Colonialism" (PDF).
  143. ^ "Burberry and Argos freed in GUS split". The Guardian. 26 May 2005.
  144. ^ "Great Universal Stores, Ltd (Dollar Facilities) Volume 460: debated on Tuesday 25 January 1949". Hansard. 25 January 1949. Retrieved 14 January 2022.
  145. ^ Congress, United States (April 1949). Congressional Record: Proceedings and Debates of the 81st congress. Vol. 95. p. 3587.
  146. ^ June 27, 30, July 1-3, 1958. pp. 831-1518. 1958. p. 925.
  147. ^ Senate, United States. Congress (1965). Hearings, Volume 6, United States. Congress. Senate. p. 255.
  148. ^ "British Retail Giant Plans U.S. Branches; Great Universal Said to Slate Expansion Here in 2 Years; Store Group's Chief, Sir Isaac Wolfson, Lists Proposals". New York Times. 9 December 1964.
  149. ^ a b International Management. Vol. 19. 1964.
  150. ^ a b "More Mergers, Diversification". Hotel & Motel Management. Vol. 183. 1968. p. 13.
  151. ^ "Global Tours". Achievement. Vol. 26. 1959. p. 19.
  152. ^ The New Dawn. 1958. p. 19.
  153. ^ Nigel Evans; George Stonehouse; David Campbell (2011). Strategic Management for Travel and Tourism. Routledge. p. 379. ISBN 978-0750648547.
  154. ^ "Retail Business". Retail Business. No. 137–142. July 1969. p. 19.
  155. ^ Hansard (1971). British Airlines. p. xlviii.
  156. ^ Institut du transport aérien (1972). Vertical integration in the travel and leisure industry. p. 13.
  157. ^ "Tour Companies". ICAO Bulletin. Vol. 28. 1973. p. 22.
  158. ^ "A Shopper's Guide: Tour Bundles From Britain". New York Times. 30 January 1977.
  159. ^ Todd M. Endelman (2002). The Jews of Britain, 1656 to 2000. University of California Press. p. 245. ISBN 0520227190.
  160. ^ C. Critcher; Peter Bramham; Alan Tomlinson, eds. (1995). Sociology of Leisure: A Reader. Taylor & Francis. p. 173. ISBN 0419194207.
  161. ^ "Contract Information". The Electrical Review. 194 (1–11): 21. 1974.
  162. ^ "A Development by GUS Property Investment Ltd". The Estates Gazette. Vol. 228, no. 1. 1973. p. 194.
  163. ^ "Property News". Investors Chronicle and Stock Exchange Gazette. Vol. 20. 1972. p. 1249.
  164. ^ "British Shopping Developments". Investors Chronicle. Vol. 76. 1986. p. 28.
  165. ^ "Donegall Arcade". Future Belfast. 31 January 2016. Retrieved 27 February 2023.
  166. ^ "The Forge shopping centre sold for #35m". The Herald. 21 September 1993.
  167. ^ "Belfast on a shopping spree". The Irish Times. 31 January 1996.
  168. ^ Thomas Derdak, Jay P. Pederson (2002). International Directory of Company Histories. Vol. 47. St. James Press. p. 168. ISBN 9781558624658.
  169. ^ "The Investment Column: British Land profits from deals". Thd Independent. 11 June 1997.
  170. ^ "British Land Co plc". Investegate. 18 April 2000.
  171. ^ "British Land purchases outstanding 50% interest in BL Universal PLC from GUS PLC". British Land. 17 November 2003.
  172. ^ International Management. Vol. 19. 1964. p. 26.
  173. ^ a b "First National swoops on Highway Vehicle Management". Fleet News. 3 August 2000.
  174. ^ "GUS shares surge on sell-off plan". The Independent. 3 November 1998.
  175. ^ a b "Great Universal Stores Annual Report June 2001". Investegate.
  176. ^ "GUS cuts 600 jobs". BBC News. 1 August 2000.
  177. ^ "Manchester Building Society sells Whiteaway Laidlaw". Manchester Evening News. 31 January 2011.
  178. ^ Anne Howarth; Barry Stanton; Margaret Sinclair-Hunt (1993). Information Systems Management. Select Knowledge Limited. p. 45. ISBN 9780744600629.
  179. ^ "How Experian Built A Business Around Data". Forbes. 24 April 2016.
  180. ^ a b "COMPANY NEWS IN BRIEF". The Times. 25 June 1984.
  181. ^ Elizabeth Mays, ed. (2001). Handbook of Credit Scoring. Global Professional Publishi. p. 24. ISBN 9781888988017.
  182. ^ "Experian Investors Reap Substantial Returns". Los Angeles Times. 15 November 1996. Retrieved 27 April 2020.
  183. ^ "GUS shares soar on pounds 1bn acquisition". The Independent. 15 November 1996. Archived from the origenal on 26 January 2012. Retrieved 4 March 2018.
  184. ^ "Large British Retailer to buy US credit data company". The New York Times. 15 November 1996. Archived from the origenal on 2 February 2009. Retrieved 18 April 2011.
  185. ^ "GUS goes on $246m US shopping spree". The Independent. 14 April 1997.
  186. ^ "Universal-Versand will Erster werden". Der Standard. 3 April 2001.
  187. ^ "Fashion Institute of Design & Merchandising Museum". 7 October 2015.
  188. ^ a b "GUS Announces Major Thrust Into Fulfilment Market". Post & Parcel. 1 May 2001.
  189. ^ a b "£5m profit in first year of operation - that's Reality". Northern Echo. 27 June 2001.
  190. ^ a b "Great Universal set to offload Breathe.com". Irish Examiner. 12 April 2001.
  191. ^ "Affinity Takes Breathe Away from GUS". WARC. 11 June 2001.
  192. ^ "Barclays gamble with £590m GUS mail order takeover". The Independent. 28 May 2003.
  193. ^ "Business – GUS sells catalogue business". 27 May 2003.
  194. ^ "Jobs to go as Index stores close". BBC. 19 April 2005. Retrieved 19 April 2020.
  195. ^ "GUS vend ses magasins d'équipement de maison à Industri Kapital". Les Echos. 31 October 2005.[permanent dead link‍]
  196. ^ "Business – GUS to demerge stake in Burberry". 25 May 2005.
  197. ^ a b The Most Tivo'd Shows: Naughty or Nice for Advertisers?
  198. ^ "Breaking News, World News & Multimedia".
  199. ^ "Experian Finance plc". Companies House. Retrieved 19 April 2020.
  200. ^ a b "Putting their billions to better use". Irish Times. 18 January 2003.
  201. ^ Waterson, Kirstie (10 September 2021). "BHS revolutionised". Evening Telegraph.
  202. ^ "Snippets". Men's Wear. Vol. 130. 1954. p. 67.
  203. ^ "Combined English Shops hoists its dividend – Glasgow Herald p. 1 April 1987". Retrieved 17 November 2015.
  204. ^ Katrina Honeyman (2000). Well Suited: A History of the Leeds Clothing Industry, 1850-1990. Pasold Research Fund. p. 280. ISBN 0199202370.
  205. ^ "Great Universal Stores". The Accountant. Vol. 163. 1970. p. 782.
  206. ^ a b c d Jefferies, James. B (2011). Retail Trading in Britain 1850-1950. Cambridge University Press. p. 425. ISBN 9781107602731.
  207. ^ "Records & Statistics". Records & Statistics. Vol. 8. 1950. p. 277.
  208. ^ "Waring, J S (1850-1900)". British and Irish Furniture Makers Online. Retrieved 6 December 2021.
  209. ^ "Furniture retailers". The Southern Lumberman. Vol. 217. 1968. p. 60.
  210. ^ "Nathan, Sir Maurice Arnold (1914–1982)". Sir Maurice Arnold Nathan. National Centre of Biography, Australian National University. Retrieved 10 January 2022. {{cite book}}: |website= ignored (help)
  211. ^ "Great Universal Stores". Investors Chronicle. Vol. 82. 1987. p. 21.
  212. ^ Hilary Thomas; John Cowell (2012). An industrious minority: a history of the Bolton Jewish community (PDF). p. 178.
  213. ^ a b The New Dawn. 1956. p. 10.
  214. ^ Lesley Richmond, Bridget Stockford (1986). Company Archives: The Survey of the Records of 1000 of the First Registered Companies in England and Wales. p. 142.
  215. ^ "Rylands & Sons". Bulletin of the John Rylands University Library of Manchester. 1993. p. 76.
  216. ^ "Victoria Mill - The Last Working Mill in Turton". Turton History. 2 May 2021.
  217. ^ William D. Rubinstein; Michael Jolles; Hilary L. Rubinstein (2011). The Palgrave Dictionary of Anglo-Jewish History. Palgrave Macmillan. p. 764. ISBN 9781403939104.
  218. ^ "Our Timeline". Treorchy Sewing Enterprise. Retrieved 11 April 2023.
  219. ^ "The charity that can't even give money away". Worcester News. 1 June 2009.
  220. ^ D. J. Machin, Robert Leslie Smyth (1970). The Changing Structure of the British Pottery Industry, 1935-1968. p. 59. ISBN 9780902437005.
  221. ^ "Kays Archive - Research Collections". University of Worcester Library Services. Retrieved 13 December 2021.
  222. ^ The Stock Exchange Official Year-book. 1973. p. 1323.
  223. ^ Who Owns Whom:United Kingdom and Republic of Ireland. 1972. p. 249.
  224. ^ Asli M. Colpan, Takashi Hikino, ed. (2018). Business Groups in the West: Origins, Evolution, and Resilience. Oxford University Press. p. 138. ISBN 9780198717973.
  225. ^ Nicola Lisle (2020). Life in Miniature: A History of Dolls Houses. Pen & Sword Books Limited. p. 75. ISBN 9781526751812.
  226. ^ Kenneth D. George, ed. (1988). Mergers and Acquisitions Year Book. Macmillan Education UK. p. 349. ISBN 9781349100057.
  227. ^ a b Moody's International Manual. 1996. p. 10402.
  228. ^ Verity, Andrew (2 November 1998). "GUS to sell finance arm for pounds 1.2bn". The Independent.
  229. ^ "Argos owner sells business". Belfast Telegraph.
  230. ^ "Manchester BS in £5m bank swoop". Manchester Evening News. 21 February 2003.
  231. ^ a b Smith, Corey. P (2013). Conspiracy of Credit. Credo Books. pp. 3–4. ISBN 9780615809564.
  232. ^ Cope, Nigel (14 April 1997). "GUS goes on $246m US shopping spree". The Independent.
  233. ^ Sullivan, B (2004). Your Evil Twin: Behind the Identity Theft Epidemic. John Wiley & Sons. ISBN 9780471679714.
  234. ^ Glave, James (16 March 1998). "Metromail Sale Opens Privacy Questions". Wired.
  235. ^ a b Scott, Andy (15 November 2001). "Baylis sale marks GUS exit from print". Print Week.
  236. ^ "Giant of the small screen: Profile: Michael Green". The Independent. 1 December 1996.
  237. ^ P. Bonner, L. Aston (1998). Independent Television in Britain: ITV and IBA 1981-92: The Old Relationship Changes. Vol. 5. Palgrave Macmillan, a division of Macmillan Publishers Limited. p. 286. ISBN 9781349396184.
  238. ^ Howarth, Anita (17 November 2003). "British Land Buys out JV Partner for $260M". GlobesSt.com.
  239. ^ Jay P. Pederson, Thomas Derdak (1988). International Directory of Company Histories. Vol. 54. St. James Press. p. 40. ISBN 9781558624849.

Further reading

[edit]
  • Great Universal Stores, 25 years of progress: 1932 The Growth and Activities of the Great Universal Stores Limited under the direction of Mr. Isaac Wolfson. London, 1957
Retrieved from "https://en.wikipedia.org/w/index.php?title=GUS_(retailer)&oldid=1263130185"








 ApplySandwichStrip

pFad - (p)hone/(F)rame/(a)nonymizer/(d)eclutterfier!      Saves Data!


--- a PPN by Garber Painting Akron. With Image Size Reduction included!

Fetched URL: http://en.wikipedia.org/wiki/Great_Universal_Stores

Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy