Sale of Company
In the early 1990s the British Shoe Corporation converted approximately half of the 540 Freeman Hardy Willis branches into Hush Puppies shops and sold the remainder to Stephen Hinchliffe, an entrepreneur from Sheffield. After only a year, Hinchliffe's business empire collapsed. He was subsequently jailed after it was found that he bribed bank officials to obtain loans to buy the company. After providing "Shoes For All The Family" since 1875, Freeman Hardy Willis was no more by 1996. After closure, 44 former FHW branches were sold to Stead & Simpson.
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Famous quotes containing the words sale of, sale and/or company:
“I hate this shallow Americanism which hopes to get rich by credit, to get knowledge by raps on midnight tables, to learn the economy of the mind by phrenology, or skill without study, or mastery without apprenticeship, or the sale of goods through pretending that they sell, or power through making believe you are powerful, or through a packed jury or caucus, bribery and “repeating” votes, or wealth by fraud.”
—Ralph Waldo Emerson (1803–1882)
“People buy their necessities in shops and have to pay dearly for them because they have to assist in paying for what is also on sale there but only rarely finds purchasers: the luxury and amusement goods. So it is that luxury continually imposes a tax on the simple people who have to do without it.”
—Friedrich Nietzsche (1844–1900)
“There is no such thing as “the Queen’s English.” The property has gone into the hands of a joint stock company and we own the bulk of the shares!”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)