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Sol Price

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CALIFORNIA | LOCAL
December 15, 2009 | Andrea Chang
Sol Price, who changed the retail industry by founding the landmark warehouse chain Price Club, has died. He was 93. Price died of natural causes Monday at his home in La Jolla, according to a statement released by his family. "He was an innovator, he was generous, he was philanthropic," his son Robert said in an interview. "He was a really remarkable man, but he was just 'Dad' in our family. " Price pioneered the discount membership warehouse club concept in 1976 when he and Robert opened the first Price Club in San Diego.
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CALIFORNIA | LOCAL
November 29, 2011 | By Larry Gordon, Los Angeles Times
The USC School of Public Policy is getting a $50-million donation from the charity established by the founder of the Price Club warehouse-style shopping chain, university officials plan to announce Tuesday. The school will be renamed for the late Sol Price, who earned an undergraduate and law degree from USC and went on to success in discount membership retailing and in real estate investments. Price died in 2009 and his wife, Helen, who also graduated from USC, died the year before.
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CALIFORNIA | LOCAL
May 11, 1989 | JANE FRITSCH, Times Staff Writer
Superior Court Judge Arthur W. Jones on Wednesday threw out the $100-million emotional-distress lawsuit filed against multimillionaire Sol Price by his estranged son, Laurence, who claimed that his father was cruel, cold and domineering. After seven days of trial and bitter, searingly personal testimony, Jones said that Sol Price, 73, had been "reasonable" in the raising of Laurence, 43, who, evidence showed, was a difficult child and still has serious emotional problems. Laurence had claimed that he was deeply hurt when his father refused to attend a bar mitzvah party--a key issue in the case--but Jones ruled that Sol Price had a First Amendment right not to go. No 'Outrageous' Acts The dismissal came after Laurence's lawyer, Marvin Mitchelson, rested his case.
CALIFORNIA | LOCAL
December 15, 2009 | Andrea Chang
Sol Price, who changed the retail industry by founding the landmark warehouse chain Price Club, has died. He was 93. Price died of natural causes Monday at his home in La Jolla, according to a statement released by his family. "He was an innovator, he was generous, he was philanthropic," his son Robert said in an interview. "He was a really remarkable man, but he was just 'Dad' in our family. " Price pioneered the discount membership warehouse club concept in 1976 when he and Robert opened the first Price Club in San Diego.
CALIFORNIA | LOCAL
May 4, 1989 | JANE FRITSCH, Times Staff Writer
Sol Price testified Wednesday that he met his estranged son, Laurence, in a restaurant three years ago to attempt a reconciliation, but that his son made an "outrageous" demand for $15 million. Price, 73, the multimillionaire founder of the Price Club discount warehouses, is being sued by Laurence, 43, for $100 million for emotional distress he claims his father inflicted on him by interfering with the raising of his sons, now 17 and 15. "I recall he told me he wanted $15 million . . . because Robert and I had made a lot of money, and that was his fair share," Sol Price testified.
CALIFORNIA | LOCAL
April 28, 1989 | JANE FRITSCH, Times Staff Writer
The bitter dispute between Sol Price, one of the wealthiest men in California, and his estranged son began to unfold in a San Diego courtroom Thursday, with one man painted as a tyrannical father and the other as a petulant and ungrateful son. "You can't defy Sol Price. You can't go against him," said Los Angeles attorney Marvin Mitchelson, who represents Price's 43-year-old son, Laurence. "If you do, you're going to pay a price until you know your place." "Laurence was a problem from a very young age," countered Gerald McMahon of San Diego, who represents Sol Price.
CALIFORNIA | LOCAL
May 5, 1989 | JANE FRITSCH, Times Staff Writer
Sol Price testified Thursday that he believes that his younger son Larry is "spoiled" and that he bears the blame for his son's behavior. "I think Larry feels that the world owes him a living," Price, 73, said of his 43-year-old son. "He certainly is a person who wants a lot of benefits and no burdens. I think he's spoiled." Sol Price, the multimillionaire businessman who founded the Price Club discount warehouses, is being sued by Laurence for $100 million for emotional distress Laurence claims his father inflicted by interfering with the raising of Laurence's sons.
CALIFORNIA | LOCAL
May 3, 1989 | JANE FRITSCH, Times Staff Writer
A lawyer for multimillionaire Sol Price, who is being sued by his estranged son Laurence for "intentional infliction of emotional distress," produced a letter in court Tuesday showing that Price asked his son more than three years ago to talk to him so that they could mend the rift in their family. "Now I feel free to tell you I am not your enemy--Nor is your mother or your brother," Sol Price said in the letter. "When push comes to shove, you can count on us more than anyone else in the world other than your boys."
CALIFORNIA | LOCAL
May 10, 1989 | JANE FRITSCH, Times Staff Writer
A lawyer for Sol Price filed a motion Tuesday asking Superior Court Judge Arthur W. Jones to throw out the $100-million emotional distress suit filed against Price by his estranged son, Laurence. "If you really boil it down, this case, frankly, is much ado about nothing," said Gerald McMahon, Sol Price's lawyer. "In this society, we have to be able to take a certain amount of slings and arrows." Laurence Price, 43, claims that his father, the multimillionaire founder of the Price Club discount warehouses, was cold and domineering throughout Laurence's life and in recent years attempted to interfere with the raising of Laurence's sons, who are teen-agers.
CALIFORNIA | LOCAL
September 16, 1986 | NANCY REED, Times Staff Writer
After unsuccessful attempts by public agencies and private developers to attract a grocery store to Southeast San Diego, innovative merchandiser Sol Price has offered to establish a nonprofit supermarket and a retail training school in the depressed area's Gateway Center complex. City Councilman William Jones revealed the concept Monday. The proposal would join public land with private resources to set up a 50,000-square-foot retail facility called Gateway Marketplace.
BUSINESS
June 4, 1994 | CHRIS KRAUL, TIMES STAFF WRITER
When U.S. retailers took the discount membership warehouse concept to Mexico, few envisioned that the giant stores would be so successful in such a relatively short time. San Diego-based Price/Costco, which opened its first Price Club in Mexico City in 1992 and now has six outlets, says business has been so good that it plans to build six more in Mexico by the end of the year in partnership with Mexican retailer Comercial Mexicana.
NEWS
June 17, 1993 | GEORGE WHITE and CHRIS KRAUL, TIMES STAFF WRITERS
Moving to strengthen its struggling operation, the owner of the pioneering Price Club chain on Wednesday agreed to merge with Costco Wholesale Corp., forming a $14-billion-a-year company that could emerge as the leader in the cutthroat warehouse retailing market. The new company--called Price/Costco--will have nearly 200 stores, with 78 in California. Company executives said no layoffs or store closures will result from the merger.
BUSINESS
January 16, 1992 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
Undaunted by a sluggish economy and intensifying competition, Price Co. executives told shareholders Wednesday that the parent of the Price Club membership warehouse chain is accelerating its expansion program. The feverish expansion pace is quite a departure from Price's previous strategy of extremely cautious growth. But, in an interview after the annual meeting, Chairman Robert Price said he should have implemented the fast-growth strategy earlier.
BUSINESS
April 23, 1991 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
About the only knock against Price Co. in recent years was that the successful operator of 67 Price Club discount membership warehouses wasn't expanding the chain fast enough. Taking the criticism to heart, it has embarked on an aggressive growth plan. The San Diego-based chain will add about 12 locations this year and a similar number in coming years, Chairman Robert Price said in an interview. The chain is particularly targeting new sites in the Northeast.
CALIFORNIA | LOCAL
April 11, 1990
Price Club founder Sol Price has given the San Diego Hospice a gift of $1 million to establish a trust fund for families with terminally ill children that cannot afford hospice care, it was announced Tuesday. The new fund is called the Doris A. Howell Children's Trust Fund, named for a UC San Diego pediatrician and founding board member of the hospice who treated Price's 15-year-old grandson Aaron, who died of a brain tumor in December.
BUSINESS
January 1, 1990 | STUART SILVERSTEIN
California's image as a pacesetter held up fairly well in the 1980s in the world of business and economics. Californians were a force for dramatic change. Some achieved change on a grand scale--inspiring a revolution in economic policy or transforming corporate finance. Some of the change may seem minor, but it altered our daily routines and our life styles.
BUSINESS
November 5, 1987 | From wire and staff reports
A son of Sol Price, founder of the Price Club chain of discount warehouses, sued his father and brother for $100 million on Wednesday. In the lawsuit, Laurence Price, 45, claimed that his father, San Diego business executive and philanthropist Sol Price, tried to dictate the son's relationship with his own children and seized his business when he disobeyed.
CALIFORNIA | LOCAL
November 22, 1987
A new, perhaps unique, retailing experience which began last weekend in Southeast San Diego augurs well, not only for that long-neglected community but for bold public-private cooperation as well. The Gateway Marketplace is a 55,000-square-foot grocery-warehouse store employing 125 people, most from the nearby minority neighborhood. The largest retailing establishment to open in Southeast in more than a decade, this nonprofit store sprang from a $3.
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