W. T. Grant Company 2801 Washington Avenue Newport News, VA 23607 |
W. T. Grant Company filed a petition in bankruptcy in the
Bankruptcy Court
in the Federal Court
for the Southern District of New
York during 1976.
I handled this case
when I was a Bond Claim Supervisor
for
The Home Insurance Company who insured the
firm.
The Fidelity Bond Claim filed by W. T. Grant Company
alleging fraud by
certain employees
and executives was quite
interesting, and I worked on this alleged fraud
for over a year.
My fellow
employees encouraged me to ghost write a novel and
tell the story of the unbelievable
details
that was partially the cause for
the failure and bankruptcy of this fine old company. The
company ceased
operations under the guidance of the court, and closed all the
stores in the chain.
This might answer the question
to "Heaven Only Knows" as to the status of the building, or at least this
former owner.
- Joe Madagan
('57) of FL - 10/14/04
WOWZERS! Thanks, Joe!
Dave,
My name is Dave Ahearn (Ferguson Class of '64) with some information on the W.
T. Grant building.
About eight years ago the city agreed to renovate and merge the W. T. Grant
building and the
adjacent Montgomery Wards building and lease it to the shipyard for office
space. I was in the first
group of folks to move into the nicely renovated building and was located in the
basement of the
W. T. Grant portion of the building. Ironically, I can remember as a kid
visiting my grandmother,
Annie Jackson, at work as the hardware manager for W. T. Grant in the basement
of the building.
Dave Ahearn (FHS - '64) of VA - 12/01/05
AHHHH! Thanks, Dave - and Dave!
Hi,
Carol:
Being a subscriber to your fine electronic
Newsletter keeps me in touch with so many of the TYPHOON Nation.
For this we are all grateful for all of your hard work on your
website.
Contributing to the website on the Internet can cause one some work as well.
Today, my telephone rang and it was
a young lady, a third generation from the founder of W.T. Grant Company who
found my comment about one of the
reasons for the failure of this fine company on your website, and called to see
if she could obtain more information.
Her interest was heightened this week by the appointment of the new CEO for
Chase Bank, since there is a connection.
At any rate, I suppose she will honor my request and write to me, so that I can
validate her request. Hope my memory
does not fail in this respect, since the matter was quite involved and is better
than a mystery novel.
TYPHOON Regards,
Joe Madagan ('57) of FL - 07/07/11
COOL BEANS! Thanks,
Joe - we'll look forward to hearing it!