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Rainbow Shops is now owned by the Syrian-Jewish Chehebar family. [4] [5] Today, along with sister brands 5-7-9 and Marianne, Rainbow operates 1,300 stores in United States, Puerto Rico, and the U.S. Virgin Islands. [2] Rainbow's holding company, A.I.J.J. Enterprises Inc., purchased the 5-7-9 brand in 1999 from the bankrupt Edison Brothers Stores.
In 1970 (55 years ago) (), Edison Brothers Stores purchased the 5-7-9 chain, making it one of numerous clothing and shoe chains the company expanded nationwide. [2] In May 1999 (25 years ago) (), Edison Brothers, which had gone bankrupt and was being liquidated, sold the 5-7-9 stores to a newly formed subsidiary of A.I.J.J. Enterprises, Inc., owner of Rainbow Shops.
Margo's LaMode – Dallas-based women's clothing store that closed in 1996 after corporate parent underwent bankruptcy reorganization Martin + Osa – Established in 2006 as the more mature counterpart to American Eagle Outfitters , the chain grew to 28 stores before millions in losses forced its parent company to discontinue it.
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The store was a success and the brothers opened up a second shoe store, called Baker's, the next year. By 1928, the brothers operated 12 Chandler's stores; the next year, the company went public, using the money raised to open 14 more Baker's stores and three more Chandler's stores, and moved its headquarters to St. Louis.
Shop the best under-$50 clothing items to grab right now on Amazon. Rebecca Carhart. December 20, 2024 at 11:23 AM. You don't have to drop a ton of cash to elevate your cold-weather wardrobe! (Amazon)
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