A vintage shot of the original Pep Boys store on N. 63rd Street in West Philadelphia. (Photo from Pep Boys.)
Bridgestone has agreed to buy Pep Boys — Manny, Moe, & Jack for $835 million in an all-cash deal.
Founded by four friends in 1921, Pep Boys grew from a single auto supply store in Philadelphia to one of the world’s largest companies. Still headquartered in Philly, it now has 800 locations across the United States and Puerto Rico offering tires, maintenance, parts and accessories. It now joins Bridgestone’s network of 2,200 tire and automotive service centers, which operate under the Firestone Complete Auto Care, Tires Plus, Hibdon Tires Plus and Wheel Works brand banners. Read more »
Pep Boys: Manny, Moe & Jack (NYSE: PBY) saw its stock soar nearly 10 percent after releasing a solid earnings report.
The Philadelphia-based automotive repair company reported earnings of $11.9 million or 22 cents per share in first-quarter of fiscal year 2015. That’s a sizable gain compared to $1.6 million or 3 cents per share in the first quarter one year ago. Read more »
Iliana Strauss, widow of Pep Boys heir Ben Strauss (son of Mo), put her Haverford home on the market in June. Now that a sale is pending, the nine-bedroom home’s contents are being sold off this weekend at an estate sale. Even if you’re not interested in the objects for sale, which can be seen here, this is a great opportunity to check out a home designed by one of the area’s most famous architects, Walter K. Durham. Tomorrow is the last day of the sale.
Gallery of the home, below.
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