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Ronald Tysoe

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NEWS
January 16, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Campeau Corp.'s vast department store empire, overburdened by $7.5 billion in takeover debts, came thundering down Monday in one of the biggest bankruptcy cases in U.S. history. In court filings made in Cincinnati, Ohio, Campeau's Federated Department Stores and Allied Stores divisions and related subsidiaries sought protection from creditors while they try to reorganize under Chapter 11 of the U.S. Bankruptcy Code.
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NEWS
January 16, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Campeau Corp.'s vast department store empire, overburdened by $7.5 billion in takeover debts, came thundering down Monday in one of the biggest bankruptcy cases in U.S. history. In court filings made in Cincinnati, Ohio, Campeau's Federated Department Stores and Allied Stores divisions and related subsidiaries sought protection from creditors while they try to reorganize under Chapter 11 of the U.S. Bankruptcy Code.
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BUSINESS
April 4, 1990 | STUART SILVERSTEIN
Federated Stores Inc., the parent of Ralphs Grocery Co. and such department store chains as Bloomingdale's, has named four independent directors to its board. Three of the new directors are retired chief executives: Robert A. Charpie, the former chairman of Cabot Corp.; Reginald H. Jones, who headed General Electric Co., and John K. McKinley, who led Texaco Inc. The fourth new director is Lyle Everingham, the current chairman and chief executive of Kroger Co.
BUSINESS
August 13, 2013 | By Tiffany Hsu
J.C. Penney's turmoil at the top continued Tuesday as activist investor Bill Ackman stepped down from the board following a public disagreement over the struggling retailer's choice of chief executive and chairman. Ackman, whose Pershing Square Capital Management hedge fund is J.C. Penney's largest shareholder, was replaced Monday by retail veteran Ronald W. Tysoe, the department store chain said Tuesday. Tysoe spent nearly two decades between 1988 and 2006 in high-level positions at Macy's Inc. back when it was Federated Department Stores Inc. J.C. Penney Chairman Thomas Engibous, in a statement, touted Tysoe's “deep knowledge of the retail industry and financial expertise” as a key tool in the embattled company's turnaround efforts.
BUSINESS
September 20, 1989 | MARTHA GROVES, Times Staff Writer
After more than a week of tense negotiations, Campeau Corp. said Tuesday that it finally has secured a $250-million loan that will bail out its cash-starved U.S. retailing companies. In exchange for the infusion, the wealthy Reichmann brothers of Canada and their Olympia & York Developments, as expected, gain control of the retailing units and will oversee Campeau's previously announced overhaul, including the sale of the glitzy Bloomingdale's chain.
BUSINESS
April 2, 2000 | ABIGAIL GOLDMAN, TIMES STAFF WRITER
It was the suggestion of a race across the staid, button-down sales floor of R.H. Macy & Co.'s flagship New York store that made Sean Slackman laugh. The 24-year-old Manhattan man sauntered up to the counter and told a dapper Macy's worker that he wanted a pair of Michael Jordan athletic shoes. If the pounding rock music or wall of screaming sport televisions weren't clues that this was a different kind of Macy's, the salesman's encouragement to try out the shoes was a giant signpost.
BUSINESS
January 17, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Sinking into bankruptcy is awful. But for Campeau Corp.'s department store operations, trying to make a comeback could be a miserable experience, too. A common quick-fix approach for an ailing company, a speedy sale of assets to raise cash, would be very difficult for Campeau for, among other factors, legal and tax reasons. At the same time, the 1990s are expected to breed brutal competition among department stores--a terrible time for companies that are trying to turn around their finances.
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