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Field, Palmer and Leiter
Page entitled : Fallout
of Field and Leiter
Content of this page is about :
How Marshall Field forced Levi Leiter to relinquish his share in the
partnership after the Singer building issue and the firm became Marshall
Field & Company .
Extract :
... men had been at odds on various business issues for some time. While Marshall Field tended his flagship retail store with the outmost care, the accounts oriented Leiter contended that the firm should concentrate entirely on the wholesale business, which represented 85% of the sales. He thereby disregarded that much of the firm’s reputation among its wholesale customers was precisely due to the prestige of the department store. Thus when in November 1877 another fire destroyed Field & Leiter’s store, Levi Z. Leiter argued
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