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Handy Hardware is a hardware store distribution center serving 1,000 retailers in 9 states in the United States, from Colorado to Florida, and in Mexico and Central America as well. It was founded in 1961 in Houston, Texas. Handy Hardware is a member/owner of Distribution America, second largest wholesale marketing organization in the United ...
Its best-known unit was Handy Dan Improvement Centers, which preceded Home Depot in the market niche the latter came to dominate. The company also briefly owned London Drugs as well as Great Eastern, which gave rise to Linens 'n Things. Amnon Barness, an Israeli immigrant, co-founded the company in 1960 with an investment of $10,000. [1]
The company's name is an abbreviation of Cement Roadstone Holdings, and was formed through the merger in 1970 of Cement Ltd (established in 1936) and Roadstone Ltd (established in 1949). [3] According to Jonathan Guthrie of the Financial Times, it is pronounced "Cee Orr Haitch". [4] The company went public on the Irish Stock Exchange in 1973. [5]
Handy Dan Home Improvement was an American home improvement store founded by Amnon Barness, an Israeli immigrant. It went out of business in May, 1989. [1] By 1972, the company operated 30 stores in California, Texas, Arizona and Oklahoma. It made an initial offering in November, which led to Daylin, Inc. owning 81% of Handy Dan. [2]
Dividend stripping is the practice of buying shares a short period before a dividend is declared, called cum-dividend, and then selling them when they go ex-dividend, when the previous owner is entitled to the dividend. On the day the company trades ex-dividend, theoretically the share price drops by the amount of the dividend.
The history of dividend taxation outside the US is just as varied as it is in the US. Here is a brief overview of dividend taxation in some major countries: United Kingdom: Dividends in the UK are taxed at a rate of 7.5% for basic rate taxpayers, 32.5% for higher rate taxpayers, and 38.1% for additional rate taxpayers.
At that time, Handy Andy had over $120 million in debt and was planning to reorganize into hardware supermarkets. In early 1996, however, creditors forced Handy Andy to liquidate its assets to repay its outstanding debts. On January 25, 1996, Handy Andy announced it would be closing its remaining 54 stores, laying off over 2,500 employees.
Hardlines Distribution Alliance (HDA) is a hardware store retailers' cooperative formed on April 1, 2022, with the merge of Distribution America and PRO Group. [ 1 ] History