Frigidaire
Frigidaire began in Indiana in 1918 as the Guardian Refrigerator Company. While Alfred Mellowes and Nathaniel B. Wales had the idea, they lacked the financial means to put it into action. William C. Durant of General Motors stepped in at this critical juncture! With the help of the other two, his investment enabled the company to reach its current state. It was purchased by the White Sewing Machine Company in 1979 and is still in operation today. Electrolux, a Swedish conglomerate, bought the company in 1986. Frigidaire is still a subsidiary of this firm, albeit it appears to be doing well.
Frigidaire
Strategic Hotels And Resorts
This hotel company today owns and runs 17 premium hotels in the United States and one in Germany. In 1997, Strategic Hotels and Resorts was founded. The company’s founder, Laurence S. Geller, came up with the idea while working as a real estate speculator. Anbang Insurance Group, a Chinese corporation, was reportedly interested in purchasing it for $6.5 million in 2016. Finally, the agreement appears to have been renegotiated in light of the insurance company’s $1 million discount on the hotel chain. This was owing in part to the fact that one of the properties could not be sold. The US government banned it from proceeding due to its proximity to a navy facility.
Strategic Hotels And Resorts
