Frigidaire
Frigidaire originated in 1918 as the Guardian Refrigerator Company in Indiana. While Alfred Mellowes and Nathaniel B. Wales had the vision, they lacked the financial resources necessary to carry it out. At this moment, General Motors’ William C. Durant intervened! His investment enabled the company to achieve its current status with the assistance of the other two. It was acquired by the White Sewing Machine Company in 1979 and remained in operation until today. Electrolux, a Swedish giant, purchased the company in 1986. Frigidaire remains a subsidiary of this corporation to this day, although it appears to be doing well.
Frigidaire
Strategic Hotels And Resorts
This hotel firm now operates 17 luxury hotels in the United States and one in Germany. Strategic Hotels and Resorts was created in 1997. Laurence S. Geller, the company’s founder, came up with the concept while working as a real estate speculator. A Chinese company, Anbang Insurance Group, was apparently interested in purchasing it for $6.5 million in 2016. Finally, it appears as though the arrangement was renegotiated in light of the insurance company’s $1 million discount on the hotel chain. This was partly due to the fact that one of the properties was unable to be sold. Due of its proximity to a navy installation, the US government prohibited it from proceeding.
Strategic Hotels And Resorts
