Frigidaire
Frigidaire, formerly known as the Guardian Frigerator Company, was founded in Indiana in 1918. While Alfred Mellowes and Nathaniel B. Wales came up with the concept, they lacked the funds to make it a reality. This is where General Motors’ William C. Durant came in! He put money into the company, allowing the two of them to get it to where it is now. It was owned by the White Sewing Machine Company from 1979 to 1979. In 1986, however, it was purchased by Electrolux, a Swedish firm. Even though Frigidaire is still a part of this firm, it appears to be doing well.
Frigidaire
Strategic Hotels And Resorts
There are 17 luxury hotels in the United States and one in Germany in this hotel network. In 1997, Strategic Hotels and Resorts was founded. Laurence S. Geller, a philanthropist, and real estate investor was the driving force behind it. In 2016, a Chinese business called Anbang Insurance Group was rumored to be interested in purchasing it for $6.5 million. However, it appears that the transaction was eventually renegotiated since the insurance firm purchased the hotel chain for $1 million less. This was due to the fact that one of the properties was unable to be sold. Because it was close to a navy installation, the US government prohibited it from proceeding.
Strategic Hotels And Resorts