BERNARD GIMBEL Biography - Bussiness people and enterpreneurs


Biography » bussiness people and enterpreneurs » bernard gimbel


Birthplace: Indiana                                     
Born/Died: 1885 - 1966                                   
Gender: Male                                             
Ethnicity: White                                         
Era: 1920                                               
Undergraduate Education: University of Pennsylvania     
During his tenure as head of the firm, Gimbel grew       
annual sales of Gimbel Brothers Department Stores from   
$15 million to $500 million. Gimbel personally           
negotiated the purchase of competitor Saks and Company. 
In addition to the Gimbel Brothers Department Stores in 
New York, Philadelphia, Pittsburgh and Milwaukee, Gimbel 
ran Saks Fifth Avenue stores in New York, Chicago,       
Detroit and Beverly Hills. During World War II, Gimbel   
earned huge profits on scarce consumer goods, which he   
had purchased earlier at low prices.