W. T. Grant
Company
2801 Washington Avenue,
Newport News, VA 23607
W. T. Grant Company filed a petition in bankruptcy in the
Bankruptcy Court
in the Federal Court for the Southern District of New
York during 1976.
I handled this case
when I was a Bond Claim Supervisor for
The Home Insurance Company who insured the
firm.
The Fidelity Bond Claim filed by W. T. Grant Company alleging fraud by
certain employees
and executives was quite
interesting, and I worked on this alleged fraud for over a year.
My fellow
employees encouraged me to ghost write a novel and
tell the story of the unbelievable
details
that was partially the cause for
the failure and bankruptcy of this fine old company.
The
company ceased operations under the guidance of the court, and closed all the
stores in the chain.
This might answer the question
to "Heaven Only Knows" as to the status of the building, or at least this
former owner.
- Joe Madagan
('57) of FL - 10/14/04
WOWZERS! Thanks, Joe!
Dave,
My name is Dave Ahearn (Ferguson Class of '64) with some information on the W.
T. Grant building.
About eight years ago the city agreed to renovate and merge the W. T. Grant
building and the
adjacent Montgomery Wards building and lease it to the shipyard for office
space. I was in the first
group of folks to move into the nicely renovated building and was located in the
basement of the
W. T. Grant portion of the building. Ironically, I can remember as a kid
visiting my grandmother,
Annie Jackson, at work as the hardware manager for W. T. Grant in the basement
of the building.
Dave Ahearn (FHS - '64) of VA - 12/01/05
AHHHH! Thanks, Dave - and Dave!