A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


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  Part II-Chapter 9 : Merchant Princes > Field-Palmer-Leiter : « Previous 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 Next »
                                                                                                                                                                        

   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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