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Farr Alpaca
The Farr Alpaca Company was a Canadian and subsequently American textile manufacturer specializing in alpaca wool, alpaca and mohair worsted woolen products. Established initially in 1864 as the Randall Farr Company in Hespeler, Ontario, the company was subsequently moved to Holyoke, Massachusetts to avoid tariffs brought on by the Wool and Woolens Act of 1867, and was established as the Farr Alpaca Company in 1874. The Farr family managed to build the company into a dominant brand in the woolen goods market in large part by relying on secrecy; rather than patenting machinery, the company would make use of machine shops with familial ties in the city, paying laborers well and keeping knowledge of components limited across units, such that no one worker could completely duplicate their processes. By the beginning of the 20th century the company had the largest alpaca woolen mill in the world and was a dominant producer in its industry. Unable to adapt to a changing market, the compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |