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Article: Car Seller Biggest Black-Owned Firm
- Article from:
- AP Online
- Article date:
- May 10, 1999
- Author:
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Copyright informationThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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PETER ALAN HARPER, AP Business Writer
AP Online
05-10-1999
Car Seller Biggest Black-Owned Firm
NEW YORK (AP) -- A car dealership empire headed by former Pro Bowl running back Mel Farr dethroned a slimmed down TLC Beatrice International Holdings Inc. as the nation's largest black-owned business in rankings released today by Black Enterprise magazine.
Mel Farr Automotive Group, with sales of $596.6 million last year, became the first auto dealership to claim the title in the 27 years the magazine has measured the performance of black-owned companies.
While auto dealerships like Farr's benefitted from a robust economy last year, TLC Beatrice -- which dominated the rankings through the 1990s ...
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Article: TLC Beatrice to sell its last major business
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...TLC Beatrice to sell its last major business NEW YORK--TLC Beatrice International Holdings, Inc. announced June 22 that...600 million with operating profit of $90 million. TLC Beatrice also announced that its minority partner in its Spanish...
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