Spiegel, Inc. - 1970's dated Catalog Retailer Company Bond
Inv# GB5059 Bond
Illinois
Various Denominations Bond printed by Security-Columbian Banknote Co. Very attractive vignette of three female figures. Spiegel was an American direct marketing retailer founded in 1865 by Joseph Spiegel. Spiegel published a catalog, like its competitors Sears and Montgomery Ward, which advertised various brands of apparel, accessories, and footwear, as well as housewares, toys, tools, firearms, and electronics. Their company brands included Newport News, Shape FX, and Old Kraftsman, among others. They also operated brick-and-mortar stores.
Spiegel delivered its first mail order catalog in 1905 and by 1925, the retailer had 10 million customers. Spiegel's buyers, who went to Paris fashion shows, introduced American women to European fashion trends. After encountering financial difficulty in the early 2000s, the company was purchased by Patriarch Partners and focused on women's style and fashion products. The catalog was eventually discontinued in favor of digital marketing. In 2019, the company website was removed without notice and the company ceased to operate. Read more at https://en.wikipedia.org/wiki/Spiegel_(US_retailer)
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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