Tracing the history of Rapid American Corporation and its renamed form Glen Alden Corporation, one can find the succession of acquisitions Riklis used to create his financial empire, including McCrory Stores, Leeds Travelware, Gruen Watch Company, Elizabeth Arden cosmetics, Aunt Nellie's Farm Kitchens, Bargain Time, Beatrice Foods, Canadian retailer Dylex, Culligan International, Fabergé Cosmetics, J.
His first significant foray was the creation in 1966 of the Rapid-American Corporation by combining his significant stake in Rapid Electrotype Company, a platemaking concern with the American Colortype Company, a maker of stereoview lithographs and dollhouse furniture. Riklis is credited with having originated complicated paper transactions like high-yield bonds and leveraged buyouts to take over control of major companies, then doing paper switches of the assets into companies he owned. His first significant job was as a junior stock analyst for the Minneapolis investment firm Piper Jaffray. He studied mathematics at Ohio State University, graduating in 1950. Meshulam Riklis ( Hebrew: משולם ריקליס 2 December 1923 – 25 January 2019) was an Israeli financier and businessman.īorn in Istanbul to a Russian-Jewish family, Riklis grew up in Tel Aviv, and attended the Herzliya Hebrew Gymnasium high school before coming to the United States in 1947 with his first wife, Judith Stern, with whom he had three children: Simona (Mona), Marcia, and Ira.
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