FURNITURE: Two Into One

For years, Chicago's International Furniture Co. and S. Karpen & Bros, have been at the top in their fields. International, which had 1950 sales of $13 million, plugs its popular-priced lines through such national outlets as Montgomery Ward & Co. and Sears, Roebuck and Co. Karpen, on the other hand, has always catered to the luxury trade (1950 sales: $8,000,000).

Last week the Cadillac and the Chevrolet of the furniture business got together. For $3,500,000, said International's Top Man Jay Levine, he and associates had bought the inventory and physical assets of the Karpen Co. Levine, who bought control of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!