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About: Legnam Corporation     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatDefunctCompaniesBasedInNewYorkCity, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatCompaniesBasedInNewJerseyyago:WikicatCompaniesDisestablishedIn1932geo:SpatialThingyago:Abstraction100002137yago:Company108058098yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityyago:SocialGroup107950920yago:WikicatDefunctCompaniesBasedInNewYorkCity New Facet based on Instances of this Class

Legnam Corporation operated 132 general merchandise stores in 38 of the United States prior to becoming insolvent in June 1932. It sold ladies' apparel. Owing to the financial crisis during the Great Depression, the chain store, formerly known as Mangel's, became unable to pay its debts. The company maintained offices at 1115 Broadway and 226 Main Street in Paterson, New Jersey. The business was expanding prior to the constrictions brought on by rapid deflation and an absence of consumer spending during the economic downturn.