Business & Finance: Hahn, Inc.

Hahn, Department Stores, Inc., last week announced the merger of 22 department stores, forming a unit capitalized at $60,000,000 and with aggregate 1927 sales of more than $100,000,000. The 22 stores —the best known of which is Boston's Jordan Marsh—will form the nucleus of what Lew Hahn hopes to make the largest chain-store organization in the world. President Hahn of the new combination, forsees a billion dollar department chain with annual turnover exceeding F.W. Woolworth, United Cigar, or Atlantic & Pacific. Various units will continue to operate under present managements, President George W. Mitton of Jordan Marsh, for example, continuing at...