BUSINESS
October 10, 1992 | GEORGE WHITE, TIMES STAFF WRITER
Philip M. Hawley, who helped build Carter Hawley Hale Stores into the West's biggest department store chain but also presided over its near-collapse under a load of debt, said Friday that he plans to retire as chairman and chief executive, effective Jan. 31. Hawley, the patrician son of an Oregon paper mill operator, announced his departure just a day after the Los Angeles-based parent of the Broadway emerged from the protective arms of federal bankruptcy court.
BUSINESS
August 9, 1987
Philip M. Hawley, chairman and CEO of Carter Hawley Hale Stores Inc., Los Angeles, has been elected to the board of Johnson & Johnson, New Brunswick, N.J.
BUSINESS
August 6, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Philip M. Hawley says he hopes to relinquish the helm of Carter Hawley Hale Stores in four years. But first, he says, he wants to be sure the company is on course. Hawley, lean and athletic at 65, was named chief executive in 1977 and chairman in 1983. He says his retirement plans are in line with a promise he made when the company reorganized in 1987. The board asked him to stay seven more years to see the overhaul through, Hawley says, and he agreed.
BUSINESS
February 12, 1991 | JAMES FLANIGAN
When you're born with a silver spoon, you're not supposed to fail. Yet Carter Hawley Hale, the largest department store chain in California and the West--one of the most attractive retail markets in the world--is in Chapter 11. Why? Complacency and imprudence. Carter Hawley management, led by Chairman Philip M. Hawley, failed to cope with fundamental shifts in retailing in the 1980s. And management compounded the company's troubles by its response to takeover bids in 1984 and '87.
BUSINESS
October 3, 1991 | CARLA LAZZARESCHI, TIMES STAFF WRITER
Representatives of a key group of Carter Hawley Hale Stores creditors said Wednesday that they have accepted a sweetened, $280-million bid for their claims against the ailing retailer, opening the possibility that the chain will emerge from bankruptcy within the next eight months.
NEWS
February 12, 1991 | MARTHA GROVES, TIMES STAFF WRITER
On Feb. 24, 1896, a British-born merchant named Arthur Letts opened the Broadway Department Store in a 40-by-100-foot building at 4th Street and Broadway, then the outskirts of Los Angeles. The business made Letts so rich that he bought up a huge chunk of ranchland for $2 million and called it Holmby Hills. His son later built what is today the Playboy Mansion. During the boom years after World War II, a visionary young Broadway president, Edward W.