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Robert H Morosky

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BUSINESS
May 7, 1988 | NANCY YOSHIHARA, Times Staff Writer
Allied Stores President Robert H. Morosky resigned abruptly Friday when it became clear to him that he would not ascend to the chairmanship of the Campeau Corp. retail operation that would combine newly acquired Federated Department Stores with Allied. Campeau, in a statement issued in Toronto, announced that Morosky had agreed to resign and that Campeau Chairman and Chief Executive Robert Campeau would serve as chairman of both Allied and Federated "for the foreseeable future."
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BUSINESS
May 7, 1988 | NANCY YOSHIHARA, Times Staff Writer
Allied Stores President Robert H. Morosky resigned abruptly Friday when it became clear to him that he would not ascend to the chairmanship of the Campeau Corp. retail operation that would combine newly acquired Federated Department Stores with Allied. Campeau, in a statement issued in Toronto, announced that Morosky had agreed to resign and that Campeau Chairman and Chief Executive Robert Campeau would serve as chairman of both Allied and Federated "for the foreseeable future."
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BUSINESS
November 11, 1987
Allied Stores Corp. has appointed Robert H. Morosky, who resigned as a top official of the Limited Inc. in June, as its president and chief operating officer. Morosky, 46, will join Allied in New York Nov. 30. The company did not reveal Morosky's salary. As an executive for 15 years with the Limited, the Columbus, Ohio-based women's specialty retailer, Morosky was involved in developing the company's international merchandising, computerized distribution systems and acquisitions.
BUSINESS
June 16, 1987 | MARTHA GROVES
Robert H. Morosky, the 46-year-old right-hand man of Limited Chairman Leslie H. Wexner, has resigned as vice chairman, chief financial officer and a director of the apparel retailer, taking with him stock worth about $50 million. "After more than 15 years of hard work and a lot of fun, I've decided it's time to retire," Morosky said Monday in a phone interview from his home in Columbus, Ohio, where the Limited is based. "I've always wondered whether my money could work harder than me.
BUSINESS
April 6, 1988 | MARTHA GROVES and EILEEN V. QUIGLEY, Times Staff Writers
Robert Campeau, beaming over his victory in the battle to buy Federated Department Stores, outlined plans Tuesday for revamping and expanding his retail domain, which soon will include Bloomingdale's and other merchandising gems. At a news conference in the Waldorf-Astoria Hotel attended by scores of reporters, photographers, lawyers and bankers, the Toronto developer said he plans to sell $4.4 billion worth of Federated assets to help pay the price of his hard-won acquisition.
BUSINESS
November 27, 1986 | MARTHA GROVES and BILL SING, Times Staff Writers
General Cinema, the largest stockholder in Carter Hawley Hale Stores, said Wednesday that it won't accept a $55-a-share takeover bid by a partnership for the Los Angeles-based retailer. "General Cinema has no intention of accepting such a proposal if it is, in fact, made," said Richard A. Smith, the company's chairman and chief executive. Although General Cinema's statement appeared to be a vote of confidence for Carter Hawley management, Wall Street analysts saw it differently.
BUSINESS
March 2, 1988 | MARTHA GROVES, Times Staff Writer
The high-stakes game of poker for Federated Department Stores continued unabated Tuesday as Campeau Corp. called rival R. H. Macy & Co.'s bid "illusory" and upped the ante on its own bid. Without increasing the dollar value of its bid, Toronto-based Campeau did proffer an olive branch of sorts, proposing to move its Allied Stores retail headquarters from New York to Federated's home turf of Cincinnati.
BUSINESS
January 26, 1988 | PAUL RICHTER, Times Staff Writer
Real estate developer Robert Campeau shocked many of his fellow Canadian businessmen in 1986 when his Campeau Corp. launched a hostile takeover bid for Allied Stores, a far-larger U.S. department store holding company. Campeau surprised them again when he defied the odds and won that battle, and, later when he artfully restructured Allied to make its huge debt manageable. So if his fellow Canadians were surprised to hear Monday of his $4.
BUSINESS
April 10, 1988
C anadian developer Robert Campeau this month won a fierce two-month takeover battle for Federated Department Stores, reaching agreement on a $6.6-billion deal, the biggest non-oil merger ever in America. Campeau is getting a retailing empire including such names as Bloomingdale's, Abraham & Straus, Ann Taylor, Burdines and Rich's, along with Ralphs supermarkets in Southern California. To cover some of the expense, Campeau plans to sell $4.
BUSINESS
February 26, 1988 | MARTHA GROVES, Times Staff Writer
In a significant breakthrough in its effort to buy Federated Department Stores, Campeau Corp. was invited to negotiate face to face for the first time Thursday with the retailer's board in New York. No announcements had been made by either side as of late Thursday, and there was also no word on the fate of Ralphs Grocery. The Federated board had been expected to choose among potential buyers of the 129-store chain, based in Compton.
BUSINESS
February 27, 1988 | MARTHA GROVES, Times Staff Writer
Federated Department Stores appeared all but sold Friday after the retailer confirmed that it is negotiating a deal to be taken over by Campeau Corp. for $6 billion in cash. The announcement put on hold--at least for a few days--a sale of Ralphs Grocery, the 129-store supermarket chain based in Compton. Lucky Stores and Ralphs management reportedly have been engaged in a billion-dollar bidding war for the grocery company.
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