World Business: Personal File: Sep. 7, 1962

∙Every second day another new supermarket opens in Britain, and the average will soon be bettered. Reason: Britain's greatest merchant prince, Sir Isaac Wolfson, 64, has entered the field by merging William Cussons Co. into his Great Universal Stores Ltd. and plans to expand Cussons' present chain of 60 stores to at least 200 supermarkets. The son of poor Polish Jewish immigrants, Sir Isaac (he was made a baronet earlier this year for his large gifts to charity) started work in his father's Glasgow cabinetmaking shop, later set up his own furniture store in London. Picked during the Depression to run...

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!