Sewell Avery American Business
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Sewell Avery is a member of the following lists: 1960 deaths, American anti-communists and University of Michigan Law School alumni.
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Details
| First Name |
Sewell
|
| Last Name |
Avery
|
| Birthday |
30th November, 1873
|
| Birthplace |
Saginaw, Michigan, U.S.
|
| Died |
1960
|
| Place of Death |
Chicago, Illinois, U.S.
|
| Nationality |
American
|
| Occupation Text |
Businessman
|
| Occupation |
Business
|
Sewell Lee Avery (November 4, 1874 – October 31, 1960) was an American businessman who achieved early prominence in gypsum mining and became president of the United States Gypsum Company (1905–1936). At the beginning of the Depression, he was asked by J.P. Morgan & Co. to turn around the failing Montgomery Ward and succeeded in restoring its profitability by making huge changes. In 1936, Fortune magazine said that Avery was "generally held to be the No. 1 Chicago businessman." In the postwar years, however, he failed to take advantage of the demand for durable goods and did not expand Montgomery Ward, costing it prominence in the retail field.
