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171–191 South High Street is a pair of historic buildings in Downtown Columbus, Ohio.The commercial structures have seen a wide variety of retail and service uses through the 20th century, including shoe stores, groceries, opticians, hatters, jewelers, a liquor store, and a car dealership.
Potato chips for sale at a UDF store in Columbus, Ohio. United Dairy Farmers (UDF) is an American chain of shops offering dairy products as well as coffee and gasoline. UDF was started by Carl Lindner Sr. and his children in 1938. Almost as soon as they started operations, the Lindners began work on building a dairy store.
The business was affected by the severe flooding of local rivers during the Great Flood of 1913 and it this damaged the business sufficiently for it to declare bankruptcy, [22] [23] with the company $624,000 in debt. Initially it was offered for sale for 25 cents on the dollar, but received only one offer, for less than $100,000, prompting its ...
The discount chain said it agreed to a sale transaction with an investment firm which would allow hundreds of stores to stay open by transferring its property to other retailers and companies.
When the sale was finalized in July 2007, Golden Gate's stake in the company was 75% instead of the announced 67%. In May 2010, there was an initial public offering, On May 13, the company sold 16 million shares for $17 each, raising about $272 million. Shares had been planned to sell between $18 and $20 each.
In 1988 when Jeg Sr.'s four sons, John, Troy, Mike, and Jeg Jr. were old enough, they bought the business from their father with his assistance, each managing a different department to maximize effectiveness. Business continued to grow, eventually Jegs debuted free 1-2 day nationwide shipping in 2005.
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