Word: bonwit
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Dates: during 1960-1960
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That is not all they did, as a walk from Copley Square to the docks will show you. The Museum of Natural History has become Bonwit Teller, and the S.S. Pierce Building at Copley is now a parking lot, but Faneuil Hall, Quincy Market, and the granite warehouses of North and South Market streets survive among less austere surroundings...
...Walter Hoving, 62, quit as president and chairman-designate of Manhattan-headquartered, high-fashion Bonwit Teller, also resigned as president of the Hoving Corp., a holding company that controls 52% of Tiffany's but is in turn held by the giant (1959 sales: $276 million) Genesco, Inc. Taking over as president at Bonwit Teller is Edgar Wherry, 54, now vice president of J. W. Robinson, a Los Angeles department store chain, and longtime merchandise manager at Manhattan's Lord & Taylor. Reason for Hoving's move: he hopes to buy Tiffany's from Genesco...