- Danners, Inc
-
Danners, Inc was an Indianapolis, Indiana, based company that operated various retail and restaurant outlets. Its largest division, and oldest, was the Danners 5 & 10 chain of five and dime stores, which it closed in 1985.[1]
Danners also operated 12 Cambridge Inn Cafeterias and one Danner Bros. Restaurant and danners!,the company's frame, stationery and crafts store. The variety stores, restaurants and frame & craft stores were all closed down in 1985, in an effort to save the 3-D discount chain.[2]
In 1987, Indian L.P. offered to purchase all outstanding shares of Danners, Inc. [3] that it didn't already own. It was then merged into the Maxway Corp., which filed Chapter 11 bankruptcy in 1988.[4] When Maxway emerged from bankruptcy in 1989, the Danners, Inc division was listed as defunct.[5] Maxway operated the Macks Stores chain of stores.
Divisions
- Danners 5 & 10
- 3D Discount - similar to K-mart
- Cambridge Inn Cafeterias - 12 locations
- Danner Bros. Restaurant
References
- ^ Danners turns to low price strategy in turnaround bid - Danners Inc | Discount Store News | Find Articles at BNET.com
- ^ http://findarticles.com/p/articles/mi_m3092/is_v25/ai_4512840/?tag=content;col1
- ^ Danners gets $3.50 offer form Indian for rest of stock. (Danners Inc., Indian L.P.) | Daily News Record | Find Articles at BNET.com
- ^ Chapter 11 petitions filed by Maxway and Danners. (discount stores) | Daily News Record | Find Articles at BNET.com
- ^ articles.findarticles.com/p/articles/mi_hb4298/is_198907/ai_n15001342
Categories:- Defunct retail companies of the United States
- Companies based in Indianapolis, Indiana
- Defunct companies based in Indiana
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