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Reginald F. Lewis
Reginald F. Lewis Reginald F. Lewis


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Reginald F Lewis (December 7, 1942 – January 19, 1993), was an American businessman, who was one of the most successful business leaders during the 1980s He was the richest African American man in the 1980s Born in Baltimore, Maryland, he grew up in a middle class neighborhood He won a football scholarship to Virginia State College (now Virginia State University), graduating with a degree in economics in 1965 He graduated from Harvard Law School in 1968 He was also a member of Kappa Alpha Psi In 1992, Forbes magazine listed Lewis among the 400 richest Americans with a net worth estimated at $400 million He also was the first African American to build a billion dollar company He died at age 50, from brain cancer.

Recruited to top New York law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP immediately after law school, Lewis left to start his own firm two years later After 15 years as a corporate lawyer with his own practice, Lewis moved to the other side of the table by creating TLC Group LP, a venture capital firm, in 1983 His first major deal was the purchase of the McCall Pattern Company, a home sewing pattern business for $225 million Lewis learned from a Fortune magazine article that one of the Norton Simon companies that Esmark planned to divest was McCall Pattern Company, a maker of home sewing patterns founded in 1870 With fewer and fewer people sewing at home, McCall was seemingly on the decline—though it had posted profits of $6 million in 1983 on sales of $519 million At the time, McCall was number two in its industry, holding 29.

7 percent of the market, compared to industry leader Simplicity Patterns with 394 percent He managed to negotiate the price down and then raised $1 million dollars himself from family and friends and borrowed the rest from institutional investors and investment banking firm First Boston Corp Within one year, he turned the company around by freeing up capital tied in fixed assets such as building and machinery, finding a new use for machinery during downtime by manufacturing greeting cards, and he then started to recruit managers from rival companies He further strengthened McCall by containing costs, improving quality, beginning to export to China, and emphasizing new product introductions This new combination led to the company's most profitable year in its history With the addition of McCall real estate worth an estimated $6 million that they retained ownership of, he later sold the company at a tremendous profit for investors a 90-1 return Lewis's share was 817 percent of the $90 million In 1987 Lewis bought Beatrice International Foods from Beatrice Companies for $985 million, renaming it TLC Beatrice International, a snack food, beverage, and grocery store conglomerate that was the largest African-American owned and managed business in the U.

S The deal was partly financed through Mike Milken of the maverick investment bank Drexel Burnham Lambert In order to reduce the amount needed to finance the LBO, Lewis came up with a plan to sell off some of the division's assets simultaneous with the takeover When TLC Beatrice reported revenue of $18 billion in 1987, it became the first black-owned company to have more than $1 billion in annual sales At its peak in 1996, TLC Beatrice International Holdings Inc had sales of $22 billion and was number 512 on Fortune magazine's list of 1,000 largest companies.



 
The Reginald F. Lewis Story
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How Reginald F Leqwis Imagined His Success by Loida Lewis
Remarks at the 70th Birthday Celebration of Reginld F Lewis.
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Reginald Lewis
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Reginald F. Lewis Before TLC Beatrice...The Young Man Before The Billion-Dollar Empire
"THROW ME IN WITH WOLVES AND I'LL COME BACK LEADING THE PACK!!" Amazon --- http://amzn.to/UoL8a5 Apple: http://www.apple.com/apps/ibooks/ Google Books: http:...
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Going Green at Reginald F. Lewis High School
Student leaders at Reginald F. Lewis High School in Baltimore City put together this video as part of their effort to reduce energy use in their building. Th...
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Tayvon Queen Lewis QB Reginald F Lewis Class of 2013
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Carolyn Fugett on How She and Her Family Raised Reginald F Lewis
How Your Family is Important to Your Success. Remarks by Mr Lewis' Mother Carolyn Fugett 'at the 70th Birthday Celebration Reginald F Lewis talking about Family.
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Reginald f lewis fight
Reginald f lewis fights.
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New exhibit at the Reginald F. Lewis Museum
Beyond Swastika and Jim Crow: Jewish Refugee Scholars at Black Colleges On View April 23, 2010 to September 26, 2010 at the Reginald F. Lewis Museum of Maryl...
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Reginald F. Lewis Museum celebrates 7 years
The Reginald F. Lewis Museum of Maryland African-American History and Culture is renowned for showcasing the state's rich history and culture since its grand...
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Reginald F Lewis Museum: Livin Legends Baltimore Club Performance 2013
Reginald F. Lewis Museum Livin Legends Event takes a journey through time to touch basis on Baltimore Club Dance culture Follow the Fan Page to stay updated ...
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Reginald F. Lewis Book Fair 2013
Root Branch Kid Reporters Reporting Live from the Reginald F. Lewis Museum in Baltimore, MD. Check out thier interview with Author Nikki Giovanni, Illustrato...
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Singing Sensations Youth Choir at the Reginald F. Lewis Museums Verizon Open House 2014
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Get to know the Reginald F. Lewis Museum
The Reginald F. Lewis Museum of Maryland African American History and Culture is the largest African American museum on the East Coast. The Lewis brings Mary...
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Reginald F Lewis Museum Authors Expo
Choo reads excerpt from his children's book "That's Big..." At the Reginald F Lewis Museum Arthur's Expo in Baltimore MD.
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A Day at The Reginald F. Lewis Museum of Maryland African American History & Culture
via YouTube Capture.
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VSUs Reginald F. Lewis School of Business
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REGINALD F LEWIS MUSEUM CHILDRENS BOOK FAIR
Reginald F Lewis Museum host its second annual African American Children's Book Fair. Director of Marketing speaks about the event.
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REGINALD F LEWIS MUSEUM
Reginald F Lewis Museum host its second annual African American Children's Book Fair. Educational Programs Coordinator speaks about the event.
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Reginald F. Lewis Torch Awards, Harvard Club of New York.wmv
Brief overview of the event, featuring music background by J. R. Rockefeller.
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The 2nd Annual Reginald F. Lewis Luncheon Gala
Suzen Baraka reports on the 2nd annual luncheon held in the beautiful hampton home of Reginald F. Lewis and speaks with honoree Don Peebles.
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Baltimore home of Reginald F. Lewis and Everyones Place Bookstore.
If you don't know ask the Success Scholar Haki Ammi.
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Reginald F. Lewis Foundation Gala Luncheon honoring Eugene A. Profit
NVTV Attends the Reginald F. Lewis Foundation Gala Luncheon honoring Eugene A. Profit.
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Romare Bearden at the Reginald F. Lewis Museum
This exhibition presents a major survey of the extensive graphic works created by Romare Bearden over more than 30 years. The works in the exhibition show Be...
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Reginald F. Lewis Biography
Business Man.
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