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Gamble-Skogmo Inc. was a conglomerate of retail chains and other businesses that was headquartered in St. Louis Park, Minnesota.Business operated or franchised by Gamble-Skogmo included Gambles hardware and auto supply stores, Woman's World and Mode O'Day clothing stores, J.M. McDonald department stores, Leath Furniture stores, Tempo and Buckeye Mart Discount Stores, Howard's Brandiscount ...
In May 1981, Wickes shut down Tempo, a former Gamble-Skogmo subsidiary operating 29 discount variety stores in the Western U.S. [3] Wickes started bankruptcy reorganization in April 1982. With $1.6 billion in debt at stake, it was at the time largest Chapter 11 reorganization since the passage of the Bankruptcy Reform Act of 1978 . [ 4 ]
In 1964, Gamble-Skogmo (which had previously purchased a 46% interest in Aldens), purchased the remaining stock in the company including the life insurance unit. [3] The catalog operation was liquidated in 1985 as part of bankruptcy proceedings for Wickes Companies, which had purchased Gamble-Skogmo in 1980.
Buckeye Mart (Columbus, Ohio) owned by Gamble-Skogmo, Inc.; Columbus stores closed in the mid-1970s; Remaining Ohio stores along with Tempo stores in Michigan were sold to Fisher's Big Wheel Stores and renamed Fisher's Buckeye Tempo.
In 1978, the Minneapolis, Minnesota-based retailer Gamble-Skogmo, Inc. purchased a 20-percent share of the Garfinckel conglomerate from the Joseph R. Harris family, thereby gaining a controlling interest in it. A court suit resulted in an agreement that Gamble-Skogmo would not acquire any more stock in Garfinckel.
The department store chain was sold in 1968 to Gamble-Skogmo Inc., which continued to operate the stores. [3] Gamble-Skogmo was sold to Wickes Companies in 1980. [4] Wickes filed for bankruptcy in 1982, and the J.M. McDonald stores were liquidated by the end of 1983 as part of Wickes' restructuring. [5] [6]
Red Owl brand spice tins. Red Owl was a grocery store chain in the United States, headquartered in Hopkins, Minnesota.Founded in 1922, it was initially owned and operated by a private investment firm affiliated with General Mills, and purchased in 1968 by Gamble-Skogmo.
In 1978, the Minneapolis, Minnesota-based retailer Gamble-Skogmo, Inc. attempted a takeover; the third such attempt during 1977-78. Gamble-Skogmo purchased a 20-percent share from the Joseph R. Harris family, thereby gaining a controlling interest in the conglomerate.