Word: brashness
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Dates: during 1990-1999
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Their determination was understandable. Campeau's American operations are tottering near bankruptcy, and the Bloomingdale's chain is up for sale. The setbacks have devastated Campeau, 66, a brash Canadian developer who became the most powerful retailer in the U.S. when he acquired Allied Stores and Federated Department Stores in 1980s takeover fights. Included in the deals were such prominent chains as Jordan Marsh, Bon Marche, Abraham & Straus and Burdines. But while the raids made Campeau a high-rolling business celebrity, they left his Toronto-based Campeau Corp. with more than $10 billion of leveraged-buyout debt and interest charges...