← Back to Explore
ENTITY
🕰1 min read
🎵Wisdom Density:
Moderate
🧭6 concepts
👁 -- readers
Lowell Shoe
Role & Description
A long-established manufacturer of women's and nurses' shoes that Berkshire Hathaway acquired at the end of 1992 to complement its shoe group led by H.H. Brown.
Evolutionary History
1993
- The Fixer-Upper: Unlike Dexter or H.H. Brown, Lowell Shoe's business needed some fixing when Berkshire acquired it in late 1992. Under the stewardship of Frank Rooney's team at H. H. Brown Company, the turnaround vastly exceeded expectations.
💬 Direct quotes
- "Lowell was a long-established manufacturer of women’s and nurses’ shoes, but its business needed some fixing. Again, results have surpassed our expectations." — 1993 Letter