- 5 - and vendors for sale in its stores totaling $24,924,968. This entire amount was purchased from 28 manufacturers and vendors in Taiwan. Prior to 1994, Payless owned no stores or other facilities outside the United States. Before 1994, Payless had no employees located outside the United States, except when engaged in short-term travel. In the 1980's, Payless acquired two companies, Knox Lumber and Somerville Lumber. Payless ran those companies as separate wholly owned entities with their own boards of directors, presidents, and operating systems. Both companies had their own subsidiary headquarters; Knox’s headquarters was in Minnesota, and Somerville’s headquarters was in Massachusetts. Payless also maintained regional headquarters located in Indianapolis, Dallas, Denver, Phoenix, Houston, and Sacramento. Each regional headquarters is managed by a regional vice president. Each of the subsidiary and regional headquarters reports to Payless’ corporate headquarters at Two Pershing Square, which houses Payless’ top corporate managers and staff. Physical construction of the building that houses Payless’ corporate headquarters, Two Pershing Square, began on or about October 15, 1984. At all relevant times, legal title to Two Pershing Square was held by Two Pershing Square, Ltd. (TPS). TPS was a limited partnership organized on October 15, 1984, under the laws of the State of Missouri pursuant to an agreementPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Next
Last modified: May 25, 2011