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Frederick's of Hollywood is an innovative lingerie company established by Frederick N. Mellinger on New York's Fifth Avenue in 1946.
Mellinger took his fancy foundations to more permissive California in 1947, changing the name of the catalog business to Frederick's of Hollywood that same year.
Established in 1947, the company can claim a string of innovations.
He designed his first push-up bra, dubbed the "Rising Star," in 1948.
Frederick opened his first retail store in California in 1952 and others soon followed.
Frederick Mellinger, like the 1955 DeSoto, was very much a creation of postwar American culture.
1962: The company is incorporated as Frederick's of Hollywood, Inc.
1972: The company goes public, but the Mellinger family continues to own a majority stake.
They met at a Dennis Selinger dinner party in 1976 after Frederick had
1984: Frederick's suffers a net loss for the year, its first ever; Mellinger retires.
In May 1985, they hired former Carter Hawley Hale home furnishings division chief George Townson to take the reigns at Frederick's.
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By 1988, Victoria's Secret had more than triple the annual sales volume with about the same number of stores.
Los Angeles Mayor Tom Bradley declared "Frederick's of Hollywood Day" on the occasion of the grand reopening, November 8, 1989.
The vast majority (80 percent) of Frederick's nearly 200 stores had been redecorated by 1991.
Mellinger in 1991, has considered altering its image.
In 1992, Fredericks lingerie museum drew national media attention when it was looted during the Los Angeles riots.
Frederick Mellinger's widow had died in 1993, and the family members were in need of cash to pay off estate taxes of between $11 million and $12 million that were coming due.
Indeed, Townson's 1995 letter to shareholders noted that "department stores, mass merchandisers and specialty stores have significantly expanded their intimate apparel lines." By this time, Victoria's Secret alone had $1.8 billion sales and 600 retail outlets.
In 1995 the company made its first international foray, circulating a holiday catalog in Canada.
In 1995, the company made its first international foray, circulating a holiday catalog in Canada.
Following the company's announcement of a loss of $438,000 for the fiscal year ending in August 1996, the stock dipped below the $4 mark.
In June 1996 the Mellinger family put its 50.2 percent stake in Frederick's up for sale. It rebounded, however, after a strong earnings report of $2.9 million for the first half of fiscal 1997.
Originally a mail-order house, by 1998 it had expanded to include 205 retail outlets and an on-line presence at its web site at www.fredericks.com.
In July 1999 Linda LoRe, former president and CEO of upscale fragrance retailer Giorgio Beverly Hills, stepped in as president and CEO of Frederick's.
In June 2000 Knightsbridge sold the company to Wilshire Partners, a private investment firm based in Newport Beach, California, for an undisclosed price.
At this time Frederick's was sagging under the crushing weight of a $70 million debt load, most of which was a legacy of the Knightsbridge takeover, which was devised as a leveraged buyout. Therefore, Frederick's filed for Chapter 11 bankruptcy protection in July 2000 and secured new financing enabling it to maintain operations and continue to revamp its product lines and stores.
Cost-cutting came to the fore over the next few years, and during 2001 alone Frederick's reduced expenses by $6.5 million.
The company filed for Chapter 11 bankruptcy in 2001.
Part of these savings came from the closure of more than 40 underperforming stores, bringing the total to around 160 by early 2003.
Also debuting were a new line of gift-packaged body care products called Boudoir Cafe and a fragrance line introduced in the fall of 2003.
In 2003, it emerged from bankruptcy and was headquartered in Los Angeles.
F Fredericks of Hollywood perfume a fragrance for women 2004.
In 2004, Dove jump-started the movement toward authenticity in beauty and lingerie marketing with a “Real Beauty” campaign that showed several women with differing but relatable body types, stripped to their underwear.
Frederick s personal lifeHollywood Dreams is a 2006 American comedy - drama film written and directed by Henry Jaglom.
More recent efforts by the company to update and elevate its image included a Dita Von Teese for Frederick’s of Hollywood line, introduced in 2007 but unaccountably discontinued.
In 2008, the company changed its name to Fredericks of Hollywood Group Inc.
The company was traded on the American Stock Exchange under the ticker symbol FOHL, but in May 2014, the company was taken private by Harbinger Group and other investors.
In 2015, the company closed its stores and again filed for Chapter 11 bankruptcy.
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“They never stuck with a new direction long enough to create the necessary momentum,” wrote Cora Harrington, the editor in chief of The Lingerie Addict, way back in 2017. “Every new venture was a short-term experiment.”
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3 Best Fredericks of Hollywood Coupons, Promo Codes Sep 2020.
"Frederick's of Hollywood ." St James Encyclopedia of Popular Culture. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/media/encyclopedias-almanacs-transcripts-and-maps/fredericks-hollywood
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Lids Sports Group | 1995 | $190.0M | 2,000 | - |
| Genesco | 1924 | $2.3B | 21,000 | 20 |
| Cach | 2013 | $276.8M | 500 | - |
| Sam Goody | 1951 | - | - | - |
| Glik's | 1897 | $46.0M | 218 | - |
| Work 'N Gear | 2002 | $30.0M | 25 | - |
| Schurman Retail Group | 1950 | $300.0M | 25 | - |
| BonWorth | 1968 | $26.0M | 119 | - |
| Gents Formal Wear | - | $44.0M | 125 | - |
| Vitamin Shoppe | 1977 | $1.1B | 4,022 | 287 |
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Frederick's of Hollywood may also be known as or be related to FREDERICK'S OF HOLLYWOOD GROUP INC /NY, Frederick's Of Hollywood and Frederick's of Hollywood.