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Federated Group was an American chain of consumer electronics retail stores with 67 stores in California, Texas, Arizona, and Kansas. [1] The company was founded by Wilfred Schwartz in 1970, and opened the first deep discount consumer electronics "superstore" in the United States. [2]
Sub-Zero was founded as the Sub-Zero Freezer Company on August 20, 1945 by Westye F. Bakke in Madison, Wisconsin. [2] In 2000, it acquired the domestic appliance line of the Wolf Range Corporation, [3] a California-based manufacturer of professional-style ranges, cooktops and grills for both home and commercial use.
In 1902, the company had about 20 employees. The average price of its ranges was about $60 ($2,100 in 2023 dollars), which was about twice the selling price of the typical range of the time. Despite the high price, the ranges sold well as they were recognized as being a much better quality and easier to use than the typical range sold at the time.
California could require all new gas stoves sold in the state to carry a label warning users about pollutants they can release that have been linked to respiratory illnesses. The state Assembly ...
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In 1950, Tappan purchased the company in a $5 million transaction, but management remained in Los Angeles and the company continued to produce 500-600 ranges each day. [ 2 ] [ 3 ] The reputation for high quality that the company enjoyed is shown by the December 1951 purchase by Stanley Marcus of Neiman Marcus fame of an Aristocrat for his wife ...
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