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Walton was founded by S.M Nazrul Islam. Nazrul started his career as a small businessman. After the Bangladesh Liberation War of 1971, he started a separate business. In 1977, he founded a new company named after his eldest son S.M Nurul Alam Rezvi called Rezvi & Brothers, abbreviated as R.B. Group. [10]
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Waltons then acquired McDowells in 1972. [9] By 1972, the Waltons chain had expanded to 96 department stores before Walton retired as executive chairman. Sir John severed his ties with the company in 1976, and his son John took over. Alan Bond bought Waltons in 1981, but the purchase became a financial disaster, with Bond losing $199 million in ...
It was founded in 1983 and named after Walmart founder Sam Walton as Sam's Wholesale Club. [4] As of January 31, 2019 [update] , Sam's Club ranks second in sales volume among warehouse clubs with $84.3 billion in sales [ 5 ] (in fiscal year 2023), behind its main rivals BJ's Wholesale Club and Costco .
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