Albert Boscov
Encyclopedia
Albert Boscov is the Chairman and Chief Executive Officer of Boscov's
Department Stores.
He has donated money to Penn State Berks
campus for its library, and to Genesius Theatre
for restoration and further improvement of its main-stage building in Reading, Pennsylvania
. He has also performed at Genesius Theatre
as Tevye from Fiddler on the Roof
at Genesius's "Broadway Musical Revue".
In early 2006, Albert Boscov retired as chairman of the mid-Atlantic region chain Boscov's
, which was founded by his father, Solomon Boscov, in 1911 in Reading.
In August 2008, Boscov's filed for Chapter 11 Bankruptcy, citing deteriorating consumer and credit conditions due to the Economic crisis of 2008. In October 2008, Albert Boscov and his brother-in-law Edwin Lakin both confirmed that they would be making a bid to purchase back the chain, competing against Versa Capital Management, Inc.. On November 4, 2008, it was confirmed that Boscov's would be selling its assets back to Albert Boscov and Edwin Lakin, canceling the earlier agreement with Versa, and keeping the 98-year-old chain under family control. In 2010, Politics Magazine named him one of the most influential Democrats in Pennsylvania.
Boscov's
Boscov's is an American department store founded by Solomon Boscov in 1911. The first store was in Reading, Pennsylvania, and today 40 stores are spread throughout the Mid-Atlantic states of Pennsylvania, New Jersey, Maryland, New York, and Delaware....
Department Stores.
He has donated money to Penn State Berks
Penn State Berks
Penn State Berks is a commonwealth campus of Pennsylvania State University located in Spring Township, Berks County, Pennsylvania.-History:First known as Wyomissing Polytechnic Institute, Penn State Berks became part of the Penn State system in 1958. The Berks campus has experienced many changes...
campus for its library, and to Genesius Theatre
Genesius Theatre
The Genesius Theatre opened in a storefront in Reading, Pennsylvania in 1971. In 1974, the theatre moved to its own nearby building at the corner of 10th Street and Walnut Street in Reading where it exists today. Performers use its main stage...
for restoration and further improvement of its main-stage building in Reading, Pennsylvania
Reading, Pennsylvania
Reading is a city in southeastern Pennsylvania, USA, and seat of Berks County. Reading is the principal city of the Greater Reading Area and had a population of 88,082 as of the 2010 census, making it the fifth most populated city in the state after Philadelphia, Pittsburgh, Allentown and Erie,...
. He has also performed at Genesius Theatre
Genesius Theatre
The Genesius Theatre opened in a storefront in Reading, Pennsylvania in 1971. In 1974, the theatre moved to its own nearby building at the corner of 10th Street and Walnut Street in Reading where it exists today. Performers use its main stage...
as Tevye from Fiddler on the Roof
Fiddler on the Roof
Fiddler on the Roof is a musical with music by Jerry Bock, lyrics by Sheldon Harnick, and book by Joseph Stein, set in Tsarist Russia in 1905. It is based on Tevye and his Daughters by Sholem Aleichem...
at Genesius's "Broadway Musical Revue".
In early 2006, Albert Boscov retired as chairman of the mid-Atlantic region chain Boscov's
Boscov's
Boscov's is an American department store founded by Solomon Boscov in 1911. The first store was in Reading, Pennsylvania, and today 40 stores are spread throughout the Mid-Atlantic states of Pennsylvania, New Jersey, Maryland, New York, and Delaware....
, which was founded by his father, Solomon Boscov, in 1911 in Reading.
In August 2008, Boscov's filed for Chapter 11 Bankruptcy, citing deteriorating consumer and credit conditions due to the Economic crisis of 2008. In October 2008, Albert Boscov and his brother-in-law Edwin Lakin both confirmed that they would be making a bid to purchase back the chain, competing against Versa Capital Management, Inc.. On November 4, 2008, it was confirmed that Boscov's would be selling its assets back to Albert Boscov and Edwin Lakin, canceling the earlier agreement with Versa, and keeping the 98-year-old chain under family control. In 2010, Politics Magazine named him one of the most influential Democrats in Pennsylvania.