User:Eastmain/Cherry & Webb
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Key people | William Wachtel, Irwin Gindi |
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Acquired by the [Outlet Company]] in 1966[1]
Cherry & Webb, also known as CWT Specialty Stores, Inc., was a department store chain in the U.S. statea of Massachusetts and Rhode Island. At one time, it also owned radio stations. [2] [3] [4]
In 1993 it moved into four former Sage-Allen stores in Connecticut.[7]
[8]
Wisetex Trading Ltd. ("Plaintiff") brings this action for conversion, unjust enrichment, and for imposition of a constructive trust against Irwin Gindi ("Gindi") and William B. Wachtel ("Wachtel") (collectively "Defendants"). Defendants' motion to dismiss for failure to state a claim is granted.
For the purposes of this motion to dismiss, the allegations in the complaint are accepted as true. In March 1999, Defendants, through their holding company Cherry Holdings, Inc., purchased CWT Specialty Stores, Inc. ("CWT"). Gindi became CEO of CWT, and Wachtel became Executive Vice President. When Defendants purchased CWT it was indebted to Foothill Capital Corp. ("Foothill"). Defendants personally guaranteed the debt to Foothill.
Gallery[edit]
After the stores closed, a gallery opened in the old store. [10]
References[edit]
- ^ "OUTLET CO. BUYS CHERRY & WEBB CO.; Rhode Island Store Maps Expansion in New England". The New York Times. 1966-05-28. ISSN 0362-4331. Retrieved 2021-08-28.
- ^ "Who Remembers…Cherry & Webb?". New Bedford Guide. 2013-12-11. Retrieved 2021-08-28.
- ^ "Cherry & Webb closing all stores". The Sun Chronicle. March 2, 2000. Retrieved 2021-08-28.
- ^ Lovinger, Robert. "Cherry & Webb refuses to redeem gift coins, merchandise credits". South Coast Today. Retrieved 2021-08-28.
- ^ Barmash, Isadore (1984-03-20). "AGING RETAIL CHAIN REVIVES". The New York Times. ISSN 0362-4331. Retrieved 2021-08-28.
- ^ NEWS, NBC 10 (2017-03-02). "Flashback: The end of Cherry & Webb". WJAR. Retrieved 2021-08-28.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Seay, Gregory. "New Chain Stores Hold Promise Of 750 Jobs". Hartford Courant. Retrieved 2021-08-28.
- ^ "Wisetex Trading Ltd. v. Gindi, 00 Civ. 2671 (JSM) | Casetext Search + Citator". casetext.com. Retrieved 2021-08-28.
- ^ Parker, Paul Edward (Jun 13, 2019). "Providence charter school buys former Cherry & Webb building from Paolino". Providence Journal. Retrieved 2021-08-28.
- ^ Allard, Deborah (2013-11-18). "Cherry & Webb Gallery closing its doors after almost a decade". Wicked Local. Retrieved 2021-08-28.
External links[edit]