Word: ivars
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...every four matches, three are made in its home or foreign factories. Big customer of Swedish Match has been Germany, where the company controls 70% of the match production. Last month it was rumored that there had arrived in Berlin the man who is behind the great Swedish Trust, Ivar Kreuger, mainspring of Kreuger & Toll Co. which holds the majority interest in Swedish Match. As usual with Kreuger visits, his object was not known, his movements veiled in mystery. Germans wondered if it were in connection with one of the several German banks in which he is heavily interested...
...obtain exclusive match concessions, it has lent money, bought securities from many impoverished governments. But Swedish Match is interested in matches, not money. And Swedish Match has an active and able financing company in the form of Kreuger & Toll Co., largest stockholder in Swedish Match, headed by Matchmaker Ivar Kreuger (TIME, Oct. 1). Last week, therefore, through a syndicate headed by Lee, Higginson & Co., Kreuger & Toll offered $50,000,000 debentures to acquire securities now owned by potent Swedish Match...
...Shrewd Ivar Kreuger has known how to dicker with sensitive governments, greedy governments, when the Swedish Match Trust wanted another monopoly (TIME, Oct. 1). A fat check here, a guarantee there, and competition has pleasantly evaporated. Thus it was that, last week, the match king of Sweden could look with satisfaction at every major match-consuming country of the world, except...
J.he threads, is Matchmaker Ivar Kreuger...
Like many another international tycoon, Matchmaker Kreuger is under 50. The son of an unsuccessful matchmaker, Ivar Kreuger went to the Swedish Polytechnic Institute, became an engineer. Kreuger & Toll started business as an engineering firm. But, when Father Kreuger became involved in serious difficulties, Son Ivar left engineering and turned to matchmaking. His initial success was the 1913 merger. When his combine wedded the Jonkoping group in 1917, Matchmaker Kreuger made the match. He is managing director of Swedish Match, president of International Match, chairman of the board of Swedish-American Investment Corp., and, of course, head of all-controlling...