History
The chain began when Henry Siegel, who had founded department store Siegel, Cooper & Co. in Chicago, obtained financing from Goldman Sachs for a store in New York in the early twentieth century. Though Siegel failed in his endeavor, the remnants of the chain were merged with John Claflin's stores H.B. Claflin & Company, along with Lord & Taylor, Stewart & Co., Hengerer's, and J. N. Adam & Co. (with financing from J. P. Morgan & Company), to create Associated Dry Goods. Other stores were spun off to Mercantile Stores Co.
Through the 1950s, 1960s and 1970s ADG continued to expand through acquisitions. In the 1970s, they created a new St. Petersburg, Florida-based department store, Robinson's of Florida. However, ADG was most well known for its upscale New York City based Lord & Taylor division, with over 84 locations across the country. Lord & Taylor was ADG's largest and most profitable division.
Read more about this topic: Associated Dry Goods
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—William James (1842–1910)
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—Georg Wilhelm Friedrich Hegel (1770–1831)