Albert Boscov

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Albert Boscov
Born (1929-09-22) September 22, 1929 (age 85)
Reading, Pennsylvania
Education Drexel University
Occupation Chairman, Boscov's Department Store, LLC.
Spouse(s) Eunice Boscov
Parents Solomon Boscov

Albert Boscov (born September 22, 1929)[1][2] is the Chairman and Chief Executive Officer of Boscov's Department Stores. He is a philanthropist. He has donated money to Penn State Berks campus for its library, and to Genesius Theatre for restoration and further improvement of its main-stage building in Reading, Pennsylvania. He has also performed at Genesius Theatre as Tevye from Fiddler on the Roof at Genesius's "Broadway Musical Revue". Mr. Boscov is an Ashkenazi member of the Jewish community of Reading, PA.

In early 2006, Albert Boscov retired as chairman of the mid-Atlantic region chain Boscov's, which was founded by his father, Solomon Boscov, in 1911 in Reading, PA. [3]

In August 2008, Boscov's filed for Chapter 11 Bankruptcy, citing deteriorating consumer and credit conditions due to the Economic crisis of 2008. In October 2008, Albert Boscov and his brother-in-law Edwin Lakin both confirmed that they would be making a bid to purchase back the chain, competing against Versa Capital Management, Inc.. On November 4, 2008, it was confirmed that Boscov's would be selling its assets back to Albert Boscov and Edwin Lakin, canceling the earlier agreement with Versa, and keeping the 98-year-old chain under family control.[4] In 2010, Politics Magazine named him one of the most influential Democrats in Pennsylvania.[5]

References[edit]

  1. ^ "Boscov's Exit from Chapter 11 Is Feel-Good Moment". The New York Times. September 18, 2009. 
  2. ^ Al Boscov Retiring
  3. ^ http://archive.dailyitem.com/archive/2006/0201/biz/stories/01biz.htm
  4. ^ Sage, Alexandria (November 4, 2008). "UPDATE 1-Boscov's signs deal to sell assets to family group". Reuters. 
  5. ^ Roarty, Alex; Sean Coit (January 2010). "Pennsylvania Influencers". Politics Magazine. pp. 44–49. Archived from the original on 2010-02-07.