Young Borman, Food Stores
Executive, Outlines Firm's
History at Analysts Parley

1

Brevities

I

Bobman-Snider
Troth Announced

The full length feature
"TORERO" will have an exclu-
sive eight day engagement at the
Telenews Theater in Downtown
Detroit. This film record of the
life of Luis Procuna, who stars
as himself, as the Mexican bull-
fighter extraordinary.
* * *
Michigan Commission on
Aging announces a new Radio
Series on Aging, called "THE
AGE OF FULFILLMENT." pro-
duced and aired by MSU's Sta-
tion WKAR.
*
LAFAYETTE PARK COM-
MUNITY ASSOCIATION will
sponsor an outdoor art exhibi-
tion beginning at 11 a.m. Sun-
day, June 3. The exhibit is part
of the Community Association's
open house. Lafayette Park is
at Rivard and Lafayette. The
day will also include home
tours and a folk music show will
begin at 10 p.m.

Michigan ORT Will
Hold Installation

Women's American ORT will
hold its annual Michigan re-
gional installation luncheon
today at Franklin Hills Country
Club.
A "summer fashion s h o w"
will highlight the event. Mrs.
Nathan H. Schlafer will be in-
stalled as president.
Chairman of the day is Mrs.
Charles L. Levin. Co-chairman
is Mrs. Harold Sucher.

The 15th annual convention
of the Financial Analysts Fed-
eration, at its session here on
Tuesday, had the unusual op-
portunity of hearing one of the
youngest men in industry de-
scribe the growth of a great
firm established by his father
and uncle.
Paul Borman, vice president
Want ads get quick results!
of Borman Food Stores, Inc.,
in an eloquent address at the
analysts' convention, told of
the remarkable progress at-
tained by the Borman firm
which was organized by his
father, Al Borman, and uncle,
Tom Borman.
AND HIS ORCHESTRA
Tracing the history of the
MISS MAXINE BOBMAN
1-1 6 0 9
firm to 1924, when his uncle
Mr. and Mrs. Samuel Bob-
opened his first store here, he
man of Merion, Pa., announce
said that his father joined him
the engagement of their daugh-
in business shortly thereafter,
ter, Maxine Jane, to Lawrence
but he added that "historically,
Fine Photography
K. Snider, son of Mr. and Mrs.
it was not until about 1950 that
Bar Mitzvah and Wedding
Ben -Snider of Northlawn Ave.
PAUL BORMAN
the destiny of the company
Condids,
Professionally Finished
The bride-elect attended the
really began to shape."
"JESSICA," a musical ro-
months of fiscal 1962, sales for
S. LEIBICK
KE 1-0104
Sorbonne
in
Paris
and
is
a
It was in that year that the company were $100.6 mil- mance film, which opened at student in the College of Archi-
the predecessor to Borman lion and net income was $1.5 the Mercury Theater Wednes- tecture and Design at the Uni-
Food Stores, the Food Fair and 1/4 million, with 65 stores day, stars Angie Dickinson, Mau-
versity of Michigan. She is af-
Make your Simcha Bright I
rice Chevalier and Noel-Noel.
Markets, was incorporated, in operation.
filiated with Delta Phi Epsilon
Book the Band that's Right!!
Paul Borman said, and in
As for the future, the com-
sorority. Her fiance was grad-
From LONDON, ENGLAND
that year the company began
Habonim Gives Comedy uated from the University of
to issue stamps, "and the pany's vice president discussed
the
recent
negotiations
for
`Next Year in Jerusalem'' Michigan, where he was affil-
stores that were operated
"Next year in Jerusalem," a iated with Phi Lambda Phi fra-
separately by my father and leases with the S. S. Kresge
Company
in
some
of
its
K-mart
& HIS ORCHESTRA
Hebrew and English comedy ternity. He is attending the Uni-
uncle were combined in a
stores. Nine such leases have about new immigrants in Israel versity of Michigan Law School,
"The right mood for the
merger to form a chain of 21
right occasion"
stores, with aggregate annual been signed to date. he said, will be presented by Habonim wiltre he is a member of Phi
and negotiations are continuing Saturday at the Hayim Green- I Delta Phi law fraternity. An
sales of $44.9 million."
CALL
UN 1-3065
for others.
berg Center, 19161 Schaefer. Aug. 12 wedding is planned.
The year 1960 was another
"These K-marts will be dis- Admission is free.
milestone for the company, he count-type, self-serve, general
Directed by Jerry Kutnick,
went on, when the stock, first merchandising and food stores,"
Interiors
sold publicly in 1959, was listed he said. "Most of the locations Norman Shiffman, - and David
Wasserman,
the
play
tells
the
By PHIL MORGANROTH
for trading on the New York are outside our present trading
Stock Exchange. Three days areas. As tt of fact, story of immigrants in Israel
N.A.D A.—Registered Decorator Consultant
through
song,
dance
and
drama.
earlier, on May 28, the Borman three of the stores will be lo-
Residence
In addition to seeing the per-
14520 Rosemary, Oak Park, Mich.
firm acquired an independent cated in Illinois and two in
Lincoln 7-8858
Lincoln 1-1953
formance,
guests
to
the
Habo-
nine store chain -- Lipson Indiana. Our markets will be
nim M'lavah Malka will meet
Supermarkets.
located under the same roof as Shaul Rosenfield. Israel youth
By the time the fiscal year K-mart, with a common en- leader, who has just arrived in
ended in June, 1961 the com- trance, and will he operated Detroit to work in Habonim.
pany's sales were S122.5 mil- under the trade name of
lion; net income was S2.2 mil- K-mart.
The first public showing of a
lion; and earnings per share
"The decision to go into a movie was held in New York
were 92 cents . . 60 stores venture of this kind, and City 66 years ago.
were in operation. Total assets
particularly out of state, was
of the company were in excess
a difficult one to make. How-
of S20 million and stockholder's ever, the growth of discount
CARLOS RIVERA
MODESTLY PRICED
equity exceeded $12 million.
merchandising in our country
ORCHESTRAS
"Where do we stand to-
over the past few years and
Finest International Music
day?" the young executive
the increasing popularity of
for MI Occasions.
asked. "We have 66 stores in
/X
one-stop shopping in combi-
oneration — 63 of which are
nation with an organization
VA
2-9226
8632
McNichols
Rd.
West
UNiversity 4-8484
operated under the trade
as skilled in merchandising
name Food Fair Markets and
as the S. S. Kresge Company,
three under the name Savon
led us to the conclusion that
Foods. We serve Detroit and
this clearly presents Borman
the metronolitan area of
with the best vehicle for a
Wayne, Oakland and Macomb
successful long-range expan-
Counties."
sion."
Paul Borman explained the
In addition. he said the Bor-
reason for onerating three man company has signed and
stores as Savon Foods.
is negotiating for leases for
"The whole content of Savon similar stores with other dis-
is mass merchandising," he count operators, both within
said, and we have put this con- and outside the state of Michi-
cept into practice by selling gan. Leases. too, have been
national brands as well as other signed for seven Food Fair or
merchandise at substantially re- Savon stores within metropoli-
duced prices. We advertise that tan Detroit. All together, be-
Savon customers can save as tween signed leases and nego-
much as 25 per cent on their tiations, approximately 23 addi-
food bill — and they can!
tional units will be opened by
•
"I hasten to add that Savons the end of 1963, he said.
are all first class stores. They
Paul Borman concluded, "We
are every bit as well equinned are well aware that metropoli-
and attractive as Food Fair tan Detroit is still our main
stores. Savon stores do not is- source of sales and profits and
sue stamps. This, of course, we have organized the company
helps us recover in part the to both promote and improve
Formerly Gassers-Lodge
cost of the lower gross margins. the local operations . . . We
We also are able to lower costs are confident of the future and
Just 200 Miles Due North of Detroit
by carrying fewer items—Savon that the years ahead offer us
Individual Rooms in Our Beautiful' Main Lodge, Individual Log Cabins for the
stores have only 70 per cent of the greatest opportunities in
Utmost in Comfort and Privacy, complete Bath Facilities 'and Stall Shower and ...
the items of the typical Food the history of the company."
JUST COMPLETED — MAGNIFICENT NEW REDWOOD MOTEL TYPE UNITS!!
Fair.
• Superb Food—Prepared by Bernardi—A Truly Fine Chef
"The public acceptance of Center Offers Summer
• Midnight Snack • Saturday Night Cocktail Hour
Savon and their profitability
• Magnificent Golf Course (Just 3 Miles from Lodge)
to date definitely assures us Health Club Plan
• Flower Rimmed Tennis Courts • Shuffleboard • Badminton • Ping Pang
re•
that we have satisfied a real
• Breathtaking Wooded Area on the Shores of Magnificent East Twin
The Jewish Center is offering
consumer need. This does not a special summer health club
Lake for Swimming, Boating and Fishing
mean that all Food Fairs will membership of $50 for Men's
MAHJ GROUPS — BRIDGE CLUBS — GROUP RETREATS WELCOME
be converted to Savons It Health Club and $45 for Wom-
means, rather, that with both en's Health Club.
SPECIAL OFF-SEASON RATES NOW IN EFFECT —
Food Fair and Savon stores,
This will entitle members to
From $50.00 WEEKLY — $8.00 DAILY, EVERYTHING INCLUDED
we are in the best position 12 visits and 10 massages, plus
For Colorful Brochure and Information Please Phone:
to serve all types of cus- full membership privileges,
tomers, as well as to meet good from June 15 through La-
Detroit
Lewiston
the challen ges presented by bor Day.
our competitors."
Lincoln 7-5912
The Health Clubs are located
STate
6-2452
Borman told the group of in the Center's main building,
Or Write: LEWISTON LODGE, Lewiston, Michirt_ .
analysts that for the nine 18100 Meyers.
insfaisoloo.osommon

S A M
EMMER

AMEDAH STUDIO

Zan GILBERT

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SUPERB NATURAL COLOR

MOVIES

At Beautiful

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