Burlington Coat Factory Named Finalist for 2001 Family Business of the Year Award.Business Editors PHILADELPHIA--(BUSINESS WIRE)--April 24, 2001 Burlington Coat Factory Burlington Coat Factory Warehouse Corporation is a national department store retailer focusing on clothing and shoes, with over 360 stores in 42 states (as of 2006). In early 2007, the first location to be opened in Canada will be at the Vaughan Mills mall in Toronto. Warehouse Corporation was recently named a finalist in the 2001 Family Business of the Year Award Contest, a project of the Wharton Small Business Development Center and the Wharton Family-Controlled Corporation Program. Nine firms in the Greater Philadelphia region were chosen from a pool of 150 that had been approached to complete an extensive application process. Sponsors of the award include Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing , the Glenmede Trust Company, and PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Bank. Firms were evaluated on the strength of their family-business linkage, the participation of numerous generations in their business, and their firm's contributions to both industry and community. Finalists were qualified by company size. With 295 stores in operation nationwide, including subsidiaries, and over 23,000 full and part time employees, Burlington Coat Factory is one of three finalists in the Large Firm category. Burlington Coat Factory began in 1972 when current CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , President, and Board Chairman, Monroe Milstein Monroe Milstein (born 1927) is an American businessman. He was born in 1927 to a Jewish Russian immigrant father and a Jewish American-born mother. In 1972, he founded Burlington Coat Factory. He now resides in Florida. , and his wife Henrietta invested the savings she had acquired as a school librarian to purchase a declining coat factory in Burlington, NJ. Initially, Burlington Coat Factory offered outerwear for women. Gradually the company expanded its offerings into apparel, shoes and accessories for the entire family, linens and home decor, and baby products. Annually, Burlington Coat Factory is one of the most profitable off-price retailers in the country. The Milstein family and the family business have essentially "grown up" together. Henrietta Milstein has been largely responsible for the conception and development of the youth and baby departments. She now serves as a part-time consultant, concentrating on spending more time with her family. Two of Monroe and Henrietta's three sons, Andrew and Stephen, are currently Executive Vice Presidents. One of Monroe and Henrietta's grandchildren GRANDCHILDREN, domestic relations. The children of one's children. Sometimes these may claim bequests given in a will to children, though in general they can make no such claim. 6 Co. 16. has also recently joined the company. Burlington Coat Factory is pleased to be chosen as a finalist for this prestigious award. Finalists will be honored and winners will be announced at a gala Awards Dinner, to be held on Thursday, May 23, at the Ballroom at the Ben, Philadelphia, PA. Jim Perdue Perdue may refer to:
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