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BUSINESS
April 15, 1986
The Vernon Hills, Ill., subsidiary of Wickes Cos. reported that it will pay an undisclosed amount of cash for Kindt, a wholly owned subsidiary of Edward Hines Lumber. Kindt, headquartered in Lomira, Wis., operates nine retail lumber and home improvement facilities in that state.
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BUSINESS
April 22, 1988 | From Reuters
Wickes Cos., a furniture and home-improvement retailer, said Thursday that it will sell its lumber business to managers for $320 million, a plan that was derailed earlier this year. Wickes Lumber, based in Vernon Hills, Ill., is one of the nation's largest home-improvement retailers, with 225 outlets nationwide and 1987 revenue of about $1.1 billion. Plans to sell the division to management fell through in January when the management group was unable to obtain financing for the deal.
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BUSINESS
December 16, 1987 | From Wire and Staff Reports
Wickes Cos. said Tuesday that it has agreed to sell its Wickes Lumber division to managers of that unit for an undisclosed price. The company's Builders Emporium stores are not affected by the deal. The lumber business, founded in 1952, is the oldest of Wickes' current businesses and a leading merchandiser of lumber and building materials, with more than 225 retail locations nationwide.
BUSINESS
October 23, 1987 | MARTHA GROVES, Times Staff Writer
Wickes Cos. said Thursday that it plans to sell three major divisions--a lumber retailing chain and two apparel units--and use the proceeds to pay off debt and buy back common stock. The Santa Monica-based conglomerate said it expects to realize "substantially more than book value" for the businesses, which Wickes said totaled about $600 million. In 1986, the three units--Wickes Lumber and Kayser-Roth hosiery and apparel--had combined revenue of about $1.
BUSINESS
April 22, 1988 | From Reuters
Wickes Cos., a furniture and home-improvement retailer, said Thursday that it will sell its lumber business to managers for $320 million, a plan that was derailed earlier this year. Wickes Lumber, based in Vernon Hills, Ill., is one of the nation's largest home-improvement retailers, with 225 outlets nationwide and 1987 revenue of about $1.1 billion. Plans to sell the division to management fell through in January when the management group was unable to obtain financing for the deal.
BUSINESS
March 21, 1986 | NANCY YOSHIHARA, Times Staff Writer
In a major shift of direction, Wickes Cos. announced Thursday that it is leaving the general retailing business and will divest four of its retail operations. The company said it will use funds from the sale of those units, along with $500 million from a new debt offering, to accumulate a "war chest" to make a major acquisition soon. Sanford C.
BUSINESS
December 16, 1987 | From Wire and Staff Reports
Wickes Cos. said Tuesday that it has agreed to sell its Wickes Lumber division to managers of that unit for an undisclosed price. The company's Builders Emporium stores are not affected by the deal. The lumber business, founded in 1952, is the oldest of Wickes' current businesses and a leading merchandiser of lumber and building materials, with more than 225 retail locations nationwide.
BUSINESS
October 23, 1987 | MARTHA GROVES, Times Staff Writer
Wickes Cos. said Thursday that it plans to sell three major divisions--a lumber retailing chain and two apparel units--and use the proceeds to pay off debt and buy back common stock. The Santa Monica-based conglomerate said it expects to realize "substantially more than book value" for the businesses, which Wickes said totaled about $600 million. In 1986, the three units--Wickes Lumber and Kayser-Roth hosiery and apparel--had combined revenue of about $1.
BUSINESS
April 15, 1986
The Vernon Hills, Ill., subsidiary of Wickes Cos. reported that it will pay an undisclosed amount of cash for Kindt, a wholly owned subsidiary of Edward Hines Lumber. Kindt, headquartered in Lomira, Wis., operates nine retail lumber and home improvement facilities in that state.
BUSINESS
March 21, 1986 | NANCY YOSHIHARA, Times Staff Writer
In a major shift of direction, Wickes Cos. announced Thursday that it is leaving the general retailing business and will divest four of its retail operations. The company said it will use funds from the sale of those units, along with $500 million from a new debt offering, to accumulate a "war chest" to make a major acquisition soon. Sanford C.
BUSINESS
May 6, 1986 | NANCY YOSHIHARA, Times Staff Writer
Expanding its stake in the hotly competitive home improvement market in California, Wickes Cos. said Monday that it has reached an agreement to buy Home Centers West and Orchard Supply Hardware from W. R. Grace & Co. Terms were not disclosed. Santa Monica-based Wickes, which owns Builders Emporium and Wickes Lumber--both home improvement chains--is acquiring a total of 109 stores in seven states. Of these, 80 are in California.
NEWS
April 4, 2001
* What: 25th annual Toyota Pro/Celebrity race. * When: Friday--practice, 11:45 a.m.-12:15 p.m.; qualifying, 3:55-4:25 p.m. Saturday--race, noon-12:45 p.m. * Entries: Jason Biggs, Billy Blanks, Josh Brolin, Mark Consuelos, Robert Huffman, Michael Johnson, Jim Kelly, Greg Kinnear, Piper Perabo, Scott Pruett, Jon Seda, Sara Senske, William Shatner, Mark Steines, Ben Stiller, Dara Torres.
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