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Camelot Music
Camelot Music was a mall-based American retailer of prerecorded music and accessories and was one of the largest music retailers in the United States based on store count. Camelot specialized in the sales of prerecorded music, especially vinyl LP, 45-rpm records, cassette tapes, CDs, and video/music accessories. As of May 31, 1998, the company operated 455 stores in 37 states nationwide under two brand names: Camelot Music and The Wall. Camelot Music consisted of 305 stores with the majority being based in the Midwestern and Southeastern United States, while The Wall had 150 stores located primarily in the Mid Atlantic and Northeast regions of the country. Industrial experts' assessment ranked the company as the third largest amongst specialty retailer store of recorded music. In late 1998, the Camelot Music group was acquired by Trans World Entertainment, which later consolidated all of its mall-based music stores under the brand name FYE, including the remaining Camel ...
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Massillon, Ohio
Massillon is a city in western Stark County, Ohio, United States, along the Tuscarawas River. The population was 32,146 at the 2020 United States census, 2020 census. Massillon is a principal city of the Canton–Massillon metropolitan area, which includes all of Stark and Carroll County, Ohio, Carroll counties and had a population of 401,574 in 2020. Massillon is located approximately west of Canton, Ohio, Canton, south of Akron, and south of Cleveland. History 19th century The original settlement of Kendal, Ohio, Kendal was founded in 1812 by Thomas Rotch, a Religious Society of Friends, Quaker originally of New Bedford, Massachusetts, and Hartford, Connecticut. James Duncan of New Hampshire first settled in Kendal before recording the plot for Massillon on December 6, 1826. Duncan, known as the city's founder, named the town after Jean-Baptiste Massillon, a French people, French Catholic bishop, at the request of his wife. The town plat was established along the east bank ...
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FYE (retailer)
2428392, Inc., doing business as FYE (an initialism of For Your Entertainment), is an American chain of entertainment retail stores headquartered in Albany, New York. Formerly owned by Trans World Entertainment, it began in 1993 and was expanded in 2001, 2006, and again in 2009 after buying out and rebranding mall-based stores Camelot, Sam Goody, Spec's Music, Strawberries, Record Town, Coconuts Music & Movies, DiscJockey, Saturday Matinee, The Wall, Suncoast Motion Picture Company, Musicland, Media Play, and HMV stores. There are 206 locations as of May 2019. As of 2023, FYE is a unit of 2428392, Inc. and retained its headquarters. History The first FYE store opened in 1993 at the Trumbull Mall in Trumbull, Connecticut. A second opened in 1995 at Eastview Mall in Victor, New York, and a third at Colonie Center in Colonie, New York in 1997. In 2001, Trans World unified its other mall-based stores under the "f.y.e." name after buying out Camelot Music. During that ...
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WHSmith
WH Smith plc, trading as WHSmith (also written WH Smith and formerly as W. H. Smith & Son), is a British retailer, with headquarters in Swindon, England, which operates a chain of railway station, airport, port, hospital and motorway service station shops selling books, stationery, magazines, newspapers, entertainment products and confectionery. The company was formed by Henry Walton Smith and his wife Anna in 1792 as a news vendor in London. It remained under the ownership of the Smith family for many years and saw large-scale expansion during the 1970s as the company began to diversify into other markets. Following a rejected private equity takeover in 2004, the company began to focus on its core retail business. It was responsible for the creation of the ISBN book identifier. The company reached an agreement in 2025 to sell its high street store business to Modella Capital. Upon completion of the sale, that business will be renamed TGJones. WHSmith is listed on the Lond ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ...
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Chapter 11 Bankruptcy
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ...
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Investcorp
Investcorp is a global manager of alternative investment products, for private and institutional clients. Founded in Bahrain in 1982, the firm has offices in United States, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China, Japan, and Singapore. Investcorp's principal client base is in the six countries of the Gulf Cooperation Council, but it also has a growing base of institutional clients in North America, Europe, and Asia. The group's biggest external shareholder is Mubadala Investment Company, a $229 billion Abu Dhabi sovereign wealth fund, which has a stake of 20 percent. The company's main activities include private equity, real estate, and credit management, and has $50 billion worth of assets under management, as of April 2023.   Investcorp has 7 asset classes which include private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure, and insurance asset management. History The company was co-founded in 1982 by Ne ...
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Equity (finance)
In finance, equity is an ownership interest in property that may be subject to debts or other liabilities. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets owned. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. When liabilities attached to an asset exceed its value, the difference is called a deficit and the asset is informally said to be "underwater" or "upside-down". In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that devel ...
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Chief Operating Officer
A chief operating officer (COO), also called chief operations officer, is an executive in charge of the daily operations of an organization (i.e. personnel, resources, and logistics). COOs are usually second-in-command immediately after the CEO, and report directly to them, acting on their behalf in their absence. In some situations, for example where a COO is appointed as the CEO's successor, the position may be appointed by the board of directors. Responsibilities and similar titles Unlike other C-suite positions, which tend to be defined according to commonly designated responsibilities across most companies, a COO's job tends to be defined in relation to the specific CEO with whom they work, given the close working relationship of these two individuals. The selection of a COO is similar in many ways to the selection of a vice president or chief of staff of the United States: power and responsibility structures vary in government and private regimes depending on the sty ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ...
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Record World
''Record World'' magazine was one of three major weekly music industry trade magazines in the United States, with ''Billboard'' and '' Cashbox''. It was founded in 1946 as ''Music Vendor''. In 1964, it was changed to ''Record World'' under the ownership of Sid Parnes and Bob Austin. It ceased publication on April 10, 1982. History Growth ''Music Vendor'' published its first music chart for the week ending October 4, 1954. ''Record World'' was housed in New York City at 1700 Broadway, at 53rd Street, across the street from the Ed Sullivan Theater. Its West Coast editorial offices were located in Los Angeles on Sunset and Vine. Peak ''Record World'' showed musical diversity by printing a "Non-Rock" survey, comparable to ''Billboard's'' "Easy Listening" / "Adult Contemporary" chart. This chart began in the February 4, 1967, issue, and ended on April 1, 1972, having morphed to the name "The MOR Chart" by 1971. Several titles of interest appeared on this 40-position list without ...
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Rainbow Records
Rainbow Records was a record label based in the United States of America in 1920 which featured recordings of Christian gospel music, hymns, and spirituals. Rainbow Records were made by the Rodeheaver Record Company of Chicago, Illinois, which in turn was owned by trombonist and composer Homer Rodeheaver. Rainbow Records were standard lateral-cut "78" double-sided disc records. The audio fidelity is decidedly below average for the era, and all are acoustically recorded. Some seem to have been recorded and pressed by Gennett Records. See also * List of record labels File:Alvinoreyguitarboogie.jpg File:AmMusicBunk78.jpg File:Bingola1011b.jpg Lists of record labels cover record labels, brands or trademarks associated with marketing of music recordings and music videos. The lists are organized alphabetically, ... References The sound of light: a history of gospel music Christian record labels Defunct record labels of the United States {{US-record-label-stub ...
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North Canton, Ohio
North Canton is a city in Stark County, Ohio, United States. The population was 17,842 at the 2020 census. It is a suburb in the Canton–Massillon metropolitan area. History North Canton was established as the village of New Berlin in 1831. Residents were primarily of German descent. During World War I, it became unfashionable to be associated with anything German so in 1918, the community changed the name of the village to North Canton. William H. “Boss” Hoover moved his tannery business from the family farm to the center of the New Berlin village in 1873. The first upright vacuum cleaner was invented in June 1908 in North Canton by department store janitor James M. Spangler. Hoover bought the patent, and The Hoover Company became the world's largest manufacturer of vacuum cleaners by the 1930s. In 2007, Hoover officially shut down its production facility in North Canton.
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