Gimbel Brothers, Inc. - $1,000 BondInv# GB5485 Bond
$1,000 5% Bond with 6 coupons remaining. Printed by De La Rue Banknote Company, Inc. Gimbel Brothers (Gimbels) was an American department store corporation that operated for a century, from 1887 until 1987. Adam Gimbel opened his first store in Vincennes, Indiana, in 1842. In 1887, the company moved its operations to the Gimbel Brothers Department Store in Milwaukee, Wisconsin, then became a chain when it opened a second, larger store in Philadelphia, Pennsylvania in 1894, moving its headquarters there. At the urging of future company president Bernard Gimbel, grandson of the founder, the company expanded to New York City in 1910.
The company is known for creating the Gimbels Thanksgiving Day Parade, started in 1920 in Philadelphia. As of 1930, Gimbels had grown to 20 stores, whose sales revenue made it the largest department store chain in the world. The company expanded to a peak of 53 stores by 1965, and closed in 1987 with 35 stores in Pennsylvania, New York, New Jersey, Wisconsin, and Connecticut.
The company, founded by a young Bavarian Jewish immigrant, Adam Gimbel, began as a general store in Vincennes, Indiana. After a brief stay in Danville, Illinois, Gimbel relocated in 1887 to Milwaukee, Wisconsin, which was then a boomtown. The new store quickly became the leading department store in Milwaukee. However, with seven sons, Adam Gimbel saw that one store, no matter how successful, would not accommodate his family's future. Read more at https://en.wikipedia.org/wiki/Gimbels
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.