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Leo S Industries

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BUSINESS
July 25, 1991 | SUSAN MOFFAT, TIMES STAFF WRITER
Leo's Industries said Wednesday that its retail subsidiary, Leo's Stereo, has filed for bankruptcy, adding another name to the list of Southern California consumer electronics chains felled by the weak economy and stiff competition from large national chains. Long Beach-based Leo's Industries failed to reach agreement with Cellcom Corp. after four months of talks aimed at alleviating Leo's "serious liquidity problems," Leo's said in a statement.
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BUSINESS
July 26, 1991 | SUSAN MOFFAT, TIMES STAFF WRITER
Harold Greenbaum felt like he was the last to know. As manager of a Leo's Stereo store in Hollywood, he kept selling car stereos and color televisions this week, unaware that the chain was teetering on the brink of bankruptcy. On Wednesday, the company filed for protection from creditors in federal bankruptcy court in Los Angeles. "I'm not surprised," Greenbaum said. "I worked for Federated for nine years"--until it went under.
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BUSINESS
July 25, 1991 | SUSAN MOFFAT, TIMES STAFF WRITER
Leo's Industries said Wednesday that its retail subsidiary, Leo's Stereo, has filed for bankruptcy, adding another name to the list of Southern California consumer electronics chains felled by the weak economy and stiff competition from large national chains. Long Beach-based Leo's Industries failed to reach agreement with Cellcom Corp. after four months of talks aimed at alleviating Leo's "serious liquidity problems," Leo's said in a statement.
BUSINESS
May 24, 1989 | From Times wire services
Leo's Industries Inc. announced today in Long Beach it has reached an agreement in principle to acquire Twentieth Century Cellular Inc., a cellular telephone reseller. Terms of the agreement were not disclosed. Leo's Industries is the parent company of the 39-store Leo's Stereo store chain, the largest cellular telephone agent for L.A. Cellular in Southern California. The agreement may be worth $15 million in earnings over the first three years of the agreement, said Paul Cohen, chief executive officer.
BUSINESS
July 26, 1991 | SUSAN MOFFAT, TIMES STAFF WRITER
Harold Greenbaum felt like he was the last to know. As manager of a Leo's Stereo store in Hollywood, he kept selling car stereos and color televisions this week, unaware that the chain was teetering on the brink of bankruptcy. On Wednesday, the company filed for protection from creditors in federal bankruptcy court in Los Angeles. "I'm not surprised," Greenbaum said. "I worked for Federated for nine years"--until it went under.
BUSINESS
May 1, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
Financial institutions got trashed on Wall Street, while the stock of high-tech companies soared during the past year. A wide variety of computer and disk drive makers, cellular phone companies and electronics firms--including Leo's Industries, AST Research, Anthem Electronics and Conner Peripherals--topped the list of those Charging Ahead in the stock market. Meanwhile, savings and loan companies such as Financial Corp. of Santa Barbara, Columbia Savings and Farwest Financial were California's biggest market losers, with share prices Falling Behind by as much as 95% over the course of the year.
BUSINESS
May 1, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
Financial institutions got trashed on Wall Street, while the stock of high-tech companies soared during the past year. A wide variety of computer and disk drive makers, cellular phone companies and electronics firms--including Leo's Industries, AST Research, Anthem Electronics and Conner Peripherals--topped the list of those Charging Ahead in the stock market. Meanwhile, savings and loan companies such as Financial Corp. of Santa Barbara, Columbia Savings and Farwest Financial were California's biggest market losers, with share prices Falling Behind by as much as 95% over the course of the year.
BUSINESS
May 24, 1989 | From Times wire services
Leo's Industries Inc. announced today in Long Beach it has reached an agreement in principle to acquire Twentieth Century Cellular Inc., a cellular telephone reseller. Terms of the agreement were not disclosed. Leo's Industries is the parent company of the 39-store Leo's Stereo store chain, the largest cellular telephone agent for L.A. Cellular in Southern California. The agreement may be worth $15 million in earnings over the first three years of the agreement, said Paul Cohen, chief executive officer.
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