Herbert Marcus
Herbert Marcus | |
|---|---|
| Born | September 6, 1878 Louisville, Kentucky,U.S. |
| Died | December 11, 1950(aged 72) Dallas, Texas,U.S. |
| Occupation(s) | Co-founder and thenCEOofNeiman Marcus |
| Spouse | Minnie Lichtenstein Marcus |
| Children | 4, includingStanleyandLawrence |
Herbert Marcus(September 6, 1878 – December 11, 1950) was one of the co-founders ofNeiman Marcus,and later became itschief executive officer.
Biography
[edit]Herbert was born to aJewishfamily in Louisville, Kentucky. He dropped out of high school to move toHillsboro, Texasto work and live near his brother Theodore, his three sisters and his parents.[1]His various retail, sales and janitorial positions helped him escape the economic hardships of life in Kentucky. In 1899, Herbert moved toDallas, Texas.He married Minnie Lichtenstein in 1902. They had four sons. Then, Herbert moved his family to Atlanta, Georgia in order to work with his sisterCarrieand her husbandAbraham Lincoln NeimanatThe Coca-Cola Company.Their success was rewarded with a buyout of $25,000 in exchange for giving up the sales territories in Kansas and or Missouri of the nascent soft drink concern. This $25,000 enabled the Neiman and Marcus families to establishNeiman Marcusin Dallas in 1907.
Neiman-Marcus specialized in readymade high-quality clothes for women at a time when visiting a tailor and or doing extensive alterations at home was the norm. Business grew quickly as cotton and later oil and other industries and population growth buoyed the Texas economy. In 1928 his sister Carrie divorced A. L. Neiman, Herbert bought out Neiman's share, and Neiman-Marcus came entirely under Marcus family control. Herbert became president ofTemple Emanu-Elin Dallas, was a director of theDallas Museum of Artand held many other civic positions to bolster the culture and well-being of the city that made Neiman-Marcus thrive. The Marcus family negotiated with Condé Nast ofCondé Nast Publicationsand Neiman-Marcus became the first concern located West of the Atlantic Seaboard to advertise luxury fashion in their magazines.[2]
DuringWorld War IIHerbert and the Marcus family and employees helped Neiman-Marcus showcase clothing and lifestyles that would be most helpful with regards to rationing and other wartime realities. The post war years brought more lavish fashion shows and finery into Neiman-Marcus as luxury goods became fashionable again.Carrie Marcus Neimanand Herbert's sons took increasing responsibility for both fashion and business decisions as Herbert aged. After Herbert's death in 1950, his sister Carrie became chairman of the board of directors of the company, and his sonStanley Marcusbecame president andchief executive officer.[3]
At one time Herbert Marcus lived in theLakewoodneighborhood in Dallas.[4]
References
[edit]
- ^"Carrie Marcus Neiman - Jewish Women's Archive".jwa.org.Retrieved17 April2019.
- ^PEREZ, JOAN JENKINS (15 June 2010)."MARCUS, HERBERT".tshaonline.org.Retrieved17 April2019.
- ^Hallett, Anthony; Hallett, Diane (24 October 1997).Entrepreneur? Magazine Encyclopedia of Entrepreneurs.Wiley. p. 322.ISBN978-0-471-17536-0.
Herbert Marcus Sr. died on December 11, 1950. Upon his death, Carrie Neiman was elected chairman of the board of directors and Stanley Marcus, Herbert's son, was named president and chief executive officer.
- ^Carlisle, Candace. "Herbert Marcus' former Lakewood home sells for $2.6M."Dallas Business Journal.Friday September 28, 2010. Retrieved on September 30, 2012.
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