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Showing posts with label BUSINESSMAN. Show all posts
Showing posts with label BUSINESSMAN. Show all posts

Impresario of Bloomingdale's Marvin S. Traub Dies at 87

Written By Unknown on Thursday, 12 July 2012 | 00:39


Marvin S. Traub, the retail entrepreneur who has become a department store Bloomingdale heavy family of the Upper East Side in a showcase of the international trend of style and excitement in 1970 and '80 , died Wednesday at his home in Manhattan's Upper East Side. He was 87 years.

The cause was bladder cancer, said Amy Hafkin, the CEO of Marvin Traub Associates, the consulting firm he founded in 1992 after retiring as president and CEO of Bloomingdale.

One of the most creative retailers of the time, Mr. Traub Bloomingdale is synonymous with luxury, has made many parts of the designers of the fashion world's most famous and created a national chain that has acquired the reputation of being aware of their merchandise status and stylish interior environments that dazzled the eyes.

At its flagship store at 59 Street and Lexington Avenue in Manhattan - a square block of the store that was carried by the roar of the Third Avenue elevated train in 1955 - has been the scene of events promoting the glow of a Broadway premiere.

As if Bloomingdale had its own foreign policy, praised China, Italy, France, Portugal, Ireland and Israel, with an abundant production that characterizes the food is not the only furniture of traditional clothing, and gourmet, but also exhibits 'antiques, dinners and brilliant guest list that includes ambassadors, business titans, movie stars, presidents' wives and people sometimes.

Jacqueline Kennedy, Lady Bird Johnson and Betty Ford were the patterns. During the bicentennial celebrations of the United States in 1976, Mr. Traub was escorted Queen Elizabeth II and Prince Philip distractedly through a multitude of buyers, as the royal couple took in Chinese porcelain, sports clothing that reminds the team of Great Britain and winter hunting English antique reproduction furniture.

For "India: a dream come true", in 1978, Traub lined pieces of paper mache elephants and camels in the primaries, the temple sculptures of wood, silk flags waving on the roof, and the kohl-eyed Indian women, who mingled in their saris and bangles with clients to rooms full of musk scented Indian jewelry, accessories, clothing and furniture.

When Mr. Traub has decided to build a new restaurant at the flagship store in 1979, has created Le Train Bleu, a reproduction of 70 meters of dining car that once made the Lyon-Marseille-Monte Carlo run with style with mahogany panels green channel padded seat, beveled mirrors, lamps and Victorian brass luggage - to hold shopping bags, of course - all stuck on the sixth floor, items for the home department.

In 1980, "Come to China in Bloomingdale," six weeks of negotiations Traub competition in Beijing as a treaty, has been home all Cantonese, a Chinese garden pavilion and 20 exquisite costumes from 1763 to 1908 never s he had seen outside the Forbidden City. He completed 14 commercial branches in the northeast with enough food, fashion and brand water for 11 million customers.

In 1984, its $ 20 million "Fête de France" is a cornucopia of chocolate Mazet de Montargis, oils, herbs and pate-de-Provence, the creations of 25 fashion designers, silver reproductions of sculptures and sleeve Normandie December the Georges Pompidou Centre in Paris. It began with a dinner for 1,600 people who paid $ 200 each to talk to each other on a layer of satin and shoulders.

"We are not only competing with other shops, but found the Guggenheim and" Traub said once.

Grace Mirabella, editor in chief of Vogue and 80 in 1970 anointed "the Sol Hurok of retail sale," a reference to the great entrepreneur who brought the Bolshoi Ballet in America.

Marvin Traub Stuart was born in Manhattan, 14 April 1925, the daughter of Sam and Bea Traub. His father was an officer of the corporation corset, and her mother was a superior commitment Bonwit Teller, his clients included Rose Kennedy, Marlene Dietrich and Maria Martin.

Marvin attended the Peekskill Military Academy in upstate New York. After a year at Harvard, he was recruited by the army in time of war as an infantry unit and private was wounded in France in 1944. A bullet shattered her right femur.

One year after surgery and convalescence followed, and was discharged with an orthopedic leg and severely reduced. He eventually overcame her disability through therapy and a shoe accumulated, and became an accomplished skier, golfer and runner.

Returning to Harvard University to study government, she graduated with honors in 1947.

In 1948, Lee married Mr. Traub Laufer. The couple had three children, Andrew, Margaret and James, a journalist who writes frequently for The New York Times. Survival, and four grandchildren.

After obtaining a master's at Harvard Business School, he joined Bloomingdale Traub, 1950, from the bottom, head of the bargain. When business was slow, he and a colleague pretended to be customers in good fun agreement tables. After attracting a crowd, he recalled, "that glides silently back to our offices."

Demolition of Third Avenue at 1955-56 East Side has changed the landscape, opening the way for luxury high-rise blocks and a rich clientele, Mr. Traub and climbed the ranks of managers, who assumed the presidency in 1969 and president and CEO in 1978.
00:39 | 0 comments

Crisis Budgeter Donald D. Kummerfeld Dies at 78

Written By Unknown on Tuesday, 10 July 2012 | 21:53


Donald D. Kummerfeld, a budget director and deputy mayor, the emphasis on financial discipline policy and an excellent touch to help New York City from bankruptcy in 1970, died Thursday at Jersey City.

He was 78 years.

I was sick, and gardening in the intense heat and died in a hospital emergency room, his wife, Elizabeth, said.

In 1975, financial markets closed the door to New York after years of indebtedness, and the State of New York intervened to issue bonds to run the city. However, the State requested financial rigor.

Mr. Kummerfeld role was to attend the details of the cleaning of bad accounting practices of the city, imposing budget cuts and for the first time that prolong the years of financial planning in the future.

Richard Ravitch, an advisor to Governor Hugh L. Carey during the crisis, said in a telephone interview Tuesday that the work was Mr. Kummerfeld said. "To have a balanced budget, this is what you do"

Mr. Kummerfeld led to years of experience as a budget official in Washington and as a investment banker on Wall Street.

But those who worked with him say that his negotiation skills combined with his experience with numbers. The New York Times in 1977 quoted an official who had dealt with him, saying:

"What I like about Don is that at least does not pretend to understand. Even when you put in the position of having to act as 2 and 2 is 5, you can say, 'Don, please' And he looks at you and shake his shoulders and said: 'Yes, but this is our policy here.' "

In an interview, Felix Rohatyn, who led the agency to restructure the debt of the city during the crisis, said: "What has brought to the table and had a great knowledge of the facts and politics of the situation."

Your signature does not necessarily mean that popular. The news at the time said the agency goes up in tears after meeting with Mr. Kummerfeld. At a public hearing has been accused of "insensitivity."

But medicine has worked hard, and since 1977 the city was beginning to turn a corner. "It is not always obvious, but the city is run now, mainly because Kummerfeld," said Peter C. Goldmark Jr., the director of the state budget, told the Times.

When Edward I. Koch, after defeating Mr. Beame and other Democratic candidates in the three main rivals in the general election, became mayor of 01 January 1978, Mr. Kummerfeld asked to remain as deputy mayor, but without title of Deputy Prime Minister. Mr. Kummerfeld refused.

Mr. Koch said in an interview on Tuesday that it had decided not to have a deputy mayor of New York because I wanted to see who takes the city personally. "It would have been wonderful," Koch said of Mr. Kummerfeld, he described as "a true hero who helped save New York."

Mr. Kummerfeld once accepted an appointment by Governor Carey to be Executive Director of the Board of Control of New York state financial emergency.

This meant that Mr. Kummerfeld be responsible for overseeing the financial operations of the city that had just left. "I know for a fact that all the details of what to look for," he said.

Mr. Kummerfeld has continued with the direct participation of the American Society of Rupert Murdoch and two trade groups, publishers of journals in America and the International Federation of the Periodical Press.

It is also recommended that the new mayor of New York and other elected officials on tax matters.

Working group of citizens led by Mr. Ravitch and A. Paul Volcker, former Federal Reserve will release a report on the week's state budget crisis and face. Will be dedicated to Mr. Kummerfeld, who has a lot of work into it.

Besides his wife, the former Elizabeth Miller, Mr. Kummerfeld, who lived in Jersey City, survive him his daughter, Theodosia Kummerfeld, and a grandson.

Along with the public service, gardening is a passion of Mr. Kummerfeld, for many years and grew vegetables and flowers on the terrace of his penthouse, Fifth Avenue. His hobby is reading seed catalogs.
21:53 | 0 comments

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