You are currently browsing the twitQA Blog posts tagged: history of companies

Banco de Chile – History

This is a part of the series history of companies.
Acquisitions and mergers

In December 2000, the Luksic Group takes control of the bank, to acquire 51% ownership, which paid $ 541 million.

In 2002 it acquired Banco de A. Edwards became the second largest bank. The company decided to maintain the image and personality of the acquired bank, but under the name of Banco Edwards. The merger had been approved overwhelmingly by shareholders of the bank purchased a few months earlier, in December 2001.

In late 2006, Quiñenco, controller of Banco de Chile, acknowledged talks with Citigroup North American group that would result in a possible strategic partnership in banking and financial.
[Edit] Merger Banco de Chile – Chile Citibank

In mid-2007, remembers the merger between Banco de Chile and Citibank Chile. This operation joins the Second Bank of Chile, part of the conglomerate Quiñenco, with Citibank Chile, the U.S. group Citigroup.

With the merger, it will lead to improvements and business synergies, enhancing the competitiveness of the new bank. Among the immediate results will be achieved a stake in the Chilean financial market of 20.08% as loans and 21.11% in the consumer goods segment. You can expand the branch network in Chile and abroad.

As a result of the merger, the shareholders of Banco de Chile will have the 89.503% stake of the merged bank, while shareholders of Citibank Chile will have the 10.497%.

The merger was completed on January 1, 2008.

A&F – History of Outdoor Apparel


This is a part of the series history of companies.

A & F was founded in 1893 as a shop selling items of camping, hiking and weapons. In the early twentieth century, Abercrombie & Fitch Co. was one of the stores selling clothes more popular for British elite sporting expeditions. The company was known for dressing some of the most influential leaders of the United States and celebrities in their sporting excursions. Every U.S. president since Theodore Roosevelt to Gerald Ford is said to have dressed in clothes from the company on occasion. “Teddy” Roosevelt was particularly enthusiastic about Abercrombie & Fitch clothing, and frequently visited the store in preparation for his famous trip to Africa. Other celebrities who passed through the doors of Abercrombie & Fitch were Charles Lindbergh, Amelia Earhart, John Sloan, Greta Garbo, Katharine Hepburn, Clark Gable, Harpo Marx, John Steinbeck and Ernest Hemingway, who reportedly bought at A & F Gun he used to commit suicide. [12] its original owner in europe
[Edit] Abercrombie & Fitch Co.

The company founded by David Abercrombie and Ezra Fitch was dissolved soon enough David Abercrombie was more conservative and was happy to continue the store as it was, selling clothing for professional people who work outdoors. Ezra Fitch, on the other hand, was more visionary. He believed that the future of the business was in expansion, selling to people who worked on the street and to a wider audience. The two argued frequently, despite which the company grew with great success. In 1907, Abercrombie sold his share of the company to Fitch and returned to manufacturing outdoor goods. Fitch continued with other business partners for the first time the company could lead to your liking.

Fitch found that the store should look outside. The stock is not hidden behind glass. Instead, it showed as being in use. Put a tent and equipped it as if it were in the midst of the Adirondack forest. A fire burning in a corner, where stood an experienced guide providing valuable information to potential buyers. Part of the strategy to expand the company was the creation of a mail order catalog. In 1909, Abercrombie & Fitch catalogs sent more than 50,000 including outdoor clothing, camping clothing, articles and advice columns. The cost of the catalog was about to ruin the company, but proved to be a profitable marketing tool.

In 1913, the store moved to a more central direction and easy access on Fifth Avenue in New York, expanding its offerings to include apparel. A & F became the first New York store to provide clothing for both men and women. In 1917, A & F moved back to a 20-storey building on Madison Avenue, becoming the sporting goods store in the world. Outside, a sign reads: “Where the Shining Path crosses the Boulevard.”

The brand’s flagship store had many different amenities: a shooting range on the ground floor; Equipment for skiing, archery, diving and outdoor sports on the mezzanine. On the second floor to the fifth were reserved for clothing suitable for any climate or terrain, on the sixth floor a gallery of pictures, plus a bookstore about sports, a watch repair facility and a fully equipped golf academy with a resident pro, the seventh floor, including an armory, earrings and more than hundred types of pistols and rifles. The eighth floor was dedicated solely to fishing, camping and boating, and included a desk that belonged to an instructor of “bait and fly” that he taught in a pool. The fishing section of the store had more than 48,000 over 18,000 flies and fishing lures. The clerks hired at Abercrombie & Fitch were not professional salesmen, they were men in the field. Speaking of her hobbies was a pleasure for them, and sold only to buyers’ request.

AMEX – History of American Express

This is a part of the series history of companies.

AmEx began operations in Buffalo, United States, March 18, 1850 as a rail service carrying charges and values throughout the territory of the United States. Due to the increasing demand for these services, quickly and safely, AmEx began focusing on financial services, giving much more confidence in the business travel of those times. Due to the success, AmEx began service of twists and travelers checks. Marcellus Berry, an employee of American Express, created the spin or “Money Order” in 1882, forerunner of the Travel Voucher that was an absolute necessity for both domestic and international travelers.
American Express headquarters.

After the international expansion and high demand to the travel industry, AmEx launched purchase card known as “The American Express card, issuing more than one million in the U.S. and Canada. In 1970, this card was already accepted at over 121,000 establishments and already accepted 11 types of coins.

In April 1986, AmEx moved to what is now headquartered, the American Express Tower or the Three World Financial Center in New York.

The company’s earnings in the first quarter of 2009 were U.S. $ 437 million, representing a fall of 56% over the same period of 2008, because customers spent 16% during that time.

Latest Questions:

Berkshire Hathaway – Before And After Warren Buffett

Berkshire Hathaway has its roots in the textile factory established in 1839 by Oliver Chace known as the Valley Falls Company in Valley Falls, Rhode Island. Chace had worked with Samuel Slater, a successful businessman in the textile industry in America. Chace founded his first textile company in 1806. In 1929 the company joined with the Berkshire Cotton Manufacturing Company, established in 1889. The union of the companies known as Berkshire Fine Spinning Associates.

In 1955, Berkshire Fine Spinning Associates merged with Hathaway Manufacturing Company, founded in 1888 by Horatio Hathaway. Hathaway was successful in its first decades, but suffered losses during the fall of the textile industry after the First World War. After binding, Berkshire Hathaway had 15 plants and employed over 12,000 workers with incomes over $ 120 million, seven of these plants closed by the end of the decade.

In 1962, Warren Buffett began buying shares of Berkshire Hathaway, bought enough to change the direction of the company and soon he controlled the company. At first, Buffett kept the core business in textiles, but in 1967 expanded into the insurance industry and other investments. Berkshire was introduced to the insurance industry with the purchase of National Indemnity Company. In 1985 was the last textile operations of the company.

Berkshire Hathaway has grown enormously and is engaged from the sale of jewelry to the manufacture of bricks and CEO is Warren Buffett.

Android Demo And Other Questions

Allianz – History


In 1890, Allianz AG was founded in Munich by Carl von Thieme and Wilhelm von Finck in their business. The company was influenced by the bank Merck Finck & Co., Dresdner Bank AG and its founders Thieme and Finck, previously established with Munich Re was founded in 1893 the first overseas branch in London. Two years later, in 1895, shares of the company entered the German stock exchange.

In 1906 Allianz held its first major customers pay as they had to meet the payments of the devastating earthquake in San Francisco. In April 1912, when the Titanic hit an iceberg, Allianz also faced payments policies.
Registration of the name “Allianz Versicherungs Aktiengesellschaft”, at the headquarters of Allianz.

In 1922, the subsidiary of Allianz Lebensversicherungs-AG was founded. During the German merger wave of the 20′s, several companies (including the Frankfurter Versicherungs-AG and Bayerische AG insurance), were acquired by Allianz, but their names were kept. In 1932 he opened a laboratory for the investigation of damage, the Allianz Center for Technology (AZT). The aim was to verify the actual harm to show it to interested companies. From 1933 to 1945 also said the Nazis subregional organizations,  and used the spread of the German Empire to establish new businesses. In 1990, during the presidency of Henning Schulte-Noelle, Allianz started an expansion in eight Eastern European countries by establishing a presence in Hungary. In the same decade, Allianz also acquired Fireman’s Fund, an insurance company in the United States, which was followed by the purchase of Seguros Generales de France (AGF), Paris. These acquisitions were followed by expansion in Asia with several joint ventures and acquisitions in China and South Korea. Around this time Allianz expanded its asset management business as well as, for example, by buying asset management companies in California. In 1998, a group of historians, headed by Gerald D. Feldman, investigated in the history of Allianz 1933 to 1945 and the results were published in September 2001. Based on these results, there was a permanent exhibition of the archives of Allianz. In 2000 became the first German company listed on the New York Stock Exchange and in 2001, Allianz acquired Dresdner Bank, a major German bank. The Allianz Group and Dresdner Bank merged its asset management activities through the establishment of Allianz Global Investors. In 2002, Michael Diekmann became president of CEO of Allianz AG.

Allianz is present in over 70 countries with over 180,000 employees. At the top of the international group is the holding company, Allianz SE, based in Munich. Allianz Group provides its more than 60 million customers worldwide with a broad range of services in the areas of:
Allianz building in Munich.

* Property and casualty insurance.
* Life insurance and health.
* Asset management and banking.

Latest Questions:

8 First Tweets from Jack Dorsey

Twitter has been found everywhere now but Jack Dorsey gives a glimpse of how the whole thing started initially.

Below is the collection of 8 Super Tweets which started the whole madness.

Meet the MOM Owner –

Simply Necessary is the new born business of Tangela Walker-Craft, founder and President.

The idea and story is well worth the note and here the transcript of the discussion.

Question: How did the idea of GoPillow come in?

Tangela Walker-Craft : “My daughter was born with a head full of black silky hair. Each time I
would breastfeed her, the back of her neck along the hairline would
perspire and my arm would be damp. I decided that I needed an arm cover
of some kind – not just for breastfeeding, but for cradling my baby. I
told my husband about an idea that I had. He and I began playing around
with various versions of an arm pillow. My husband drew a rough sketch
of a pillow and my aunt was able to sew a rough prototype for me.”

Question: How did the business start initially?

Tangela Walker-Craft : “I was watching a child product segment on a talk show (The View) when
they plugged a website and explained that the company bought ideas from
parent inventors. I emailed the site and asked for submission
requirements and sent in my idea. The owner contacted me that same
week. She loved the idea. After finding out that I was a stay-at-home
mother trying to replace my previous teaching salary she asked me if I
could come up with my own “start up funds”. She then told me how to get
the product made and how to market it myself. My mother had some money
in savings and she agreed to loan me the money to market the product.
She is now co-owner of the company.”

History of Founder –

This week the business we are portraying on history of companies is beautifull by itself.

Meet Jo Mousselli the women behind beautiful

Jo Mousselli was born into a hardworking immigrant family, and her father’s mantra was instilled in her heart, “With education, hard work, and perseverance, anything is possible.”

Jo became married at 17 and had four beautiful children by the age of 25. Times were very difficult economically and emotionally for the young family. By the time her first two children were in grade school, the family’s housing choices were limited to a high crime area in a less than desirable school district. With little support from her husband, Jo realized she was raising her children singlehandedly and that it was up to her to change their circumstances. Despite her husband’s objections, Jo enrolled in college and worked as a kindergarten teacher for eight years, graduated magna cum laude from Texas Woman’s University, and later accepted a job as a Registered Nurse in the pediatric ICU at Texas Children’s Hospital.

Caring for critically ill children was very fulfilling, but after ending her tumultuous marriage and a decade in the nursing industry, Jo wanted to venture in a new entrepreneurial direction. In 2005, she decided to develop an innovative product that would make women look and feel effortlessly beautiful. With a lot of help from her children and the support of her new, wonderful husband, she founded the company Xtreme Lashes® and helped establish and define a new industry, semi-permanent eyelash extensions.

Utilizing her extensive nursing background, Jo set the standards in hygiene, safety and design to propel Xtreme Lashes® to become the global leader of eyelash extensions. In only five years, what started as a home-based family business has evolved into a corporation with over 50 corporate employees, international franchisees representing Xtreme Lashes® in 28 countries, and over 14,000 trained lash stylists practicing rewarding and profitable careers in the lash industry, including high-end salons like Macy’s Spas, Saks Fifth Avenue, Spa Nordstrom, and Elizabeth Arden Red Door Spas. Jo was acutely aware of the risks and challenges of revolutionizing a new industry. Her journey was risky, and physically and emotionally exhausting, but she wouldn’t have had it any other way. In Jo’s attempt to personify her father’s mantra, it not only empowered her home life and professional career, but the lives and careers of thousands of women worldwide.

Latest Questions from twitQA: – The History goes Golfing.

This week the story is about golf sport and this story is part of the series history of companies.

Eric Sedransk worked in finance for four years and then was laid off. After 9 months of traveling and soul searching, along with moving across the country, He finally decided to start up his own business, something he only dreamed of while being an employee.

For the previous 4 years he found little gratification in the work. With a passion for the game of golf and the growing interest in collective buying sites, I thought there was room for a niche site. Thus was started.  We offer a different golf course/business in the New York Tri-State area each week at a substantial discount in hopes of reaching a new audience.

The Early Birdie was started to help golfers gain access to the best courses and other golf related items for the lowest prices possible. Through the power of collective buying the site is able to negotiate tremendous deals for golfers. Courses that are normally too expensive or exclusive for the average golfer are now available for an amazing price.

On the personal front Eric, has always dreamt of being able to conduct business while traveling and this job was the perfect fit. Eric is currently, constantly meeting with different golf courses and traveling all over the country for prospective areas of expansion. Internet connection is the only thing Eric needs to work. Instead of spending time slaving away in a cubicle for a large organization, he is around golf courses constantly.


Eric defines his business in his own words

“This allows me to set the schedule I want, (I work better at night) and conduct business on the golf course (which I love doing). I try and play every course before I recommend it to my customers on the site, so my clients can rest assured that it has my stamp of approval.”

Partly powered by