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Robert Campeau

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BUSINESS
January 12, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Campeau Corp., after staggering for months under huge takeover debts, officially stripped the company's founder of most of his power and disclosed a major overhaul late Thursday to rescue its vast U.S. department store chains from near-collapse. The move was another in a series of shattering personal blows to Robert Campeau, 66, a one-time factory hand and home builder who dreamed of running a glamorous retailing empire.
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BUSINESS
February 4, 1992 | CARLA LAZZARESCHI, TIMES STAFF WRITER
After two years of operating under the "Campeau cloud," Ralphs Grocery Co., the Southland's No. 3 supermarket chain, got a new owner Monday and will proceed with expansion and remodeling plans. The supermarket's access to financing for a long-planned modernization program was complicated in 1990 when its parent company, Federated Department Stores, filed for bankruptcy protection from creditors. The troubles began when Federated was purchased by Canadian real estate mogul Robert Campeau in 1988.
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BUSINESS
January 29, 1992 | From Associated Press
Shareholders and creditors of Campeau Corp. approved a reorganization plan Tuesday that will give the company a new name and narrow its debt. All six groups required to vote on the plan approved it, although it will substantially reduce the value of their holdings. The meetings were held to gain approval of changing the name--from Campeau Corp. to Camdev Corp.--and reducing the debt caused by the multibillion-dollar takeovers of Allied and Federated department stores in the 1980s.
BUSINESS
July 10, 1991 | From Times Staff and Wire Reports
Campeau Sues Former Company: Robert Campeau, who was ousted as chairman and chief executive of Toronto-based Campeau Corp. last August, filed a suit charging that the troubled retailing and real estate company wrongfully dismissed him. The executive is seeking $100 million (Canadian) in damages, equivalent to about $87 million (U.S.) at current exchange rates.
BUSINESS
January 5, 1990 | From Reuters
The National Bank of Canada seized a 35% stake in ailing Campeau Corp. on Thursday after founder and Chairman Robert Campeau defaulted on an estimated $155 million ($180 million Canadian) in loans made to one of his private companies. The stake, lodged as collateral by two of Robert Campeau's privately held companies, was seized to strengthen the bank's hand in the restructuring negotiations of ailing Campeau Corp. currently under way, National Bank spokesman Leon Courville said.
BOOKS
November 24, 1991 | Alex Raksin
GOING FOR BROKE: How Robert Campeau Bankrupted the Retail Industry by John Rothchild (Simon and Schuster: $21; 244 pp.). While cloaked in the homespun cloth of traditional family values, the Reagan Revolution was actually one of this nation's most radical and progressive political movements. Rather than conserving the familiar, it invited strangers into our country home and then gave them the run of the place.
BUSINESS
July 10, 1991 | From Times Staff and Wire Reports
Campeau Sues Former Company: Robert Campeau, who was ousted as chairman and chief executive of Toronto-based Campeau Corp. last August, filed a suit charging that the troubled retailing and real estate company wrongfully dismissed him. The executive is seeking $100 million (Canadian) in damages, equivalent to about $87 million (U.S.) at current exchange rates.
BUSINESS
February 7, 1991 | From Reuters
The Bank of Montreal said Wednesday that it is seeking a court order to force former high-flying corporate raider Robert Campeau into personal bankruptcy to settle his debts. Unless the former Campeau Corp. chairman can prove he is solvent, nearly everything he owns will be seized by a bankruptcy trustee. Court documents show that the Bank of Montreal applied for the order Jan.
BUSINESS
August 11, 1990
Robert Campeau, the flamboyant Canadian retailer whose empire foundered under the weight of debt, has been ousted as chairman and chief executive of his own company. Campeau Corp.'s board made the announcement in a terse statement from its Toronto headquarters. Campeau remains a director of the company he founded more than 40 years ago, but his future remains unclear.
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