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- It was his persuasive personality, backed by single-minded determination and sheer willpower, that convinced Bernie Marcus and Arthur Blank to create the store, hire Pat Farrah and develop a concept that today has no rival, albeit strong competition.
www.forbes.com/sites/walterloeb/2018/07/24/the-story-of-ken-langone-the-visionary-behind-home-depot/
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When Bernie and Arthur discovered Farrah’s store they considered buying it and going into business with Farrah. But a closer look revealed that Farrah’s business lacked adequate financial controls.
Aug 2, 2020 · To make Home Depot a reality, Blank and Marcus were joined by Ken Langone and Pat Farrah, who co-founded and invested in Home Depot, according to the company website.
- Ann Schmidt
On seeing Homeco, Marcus realized that Farrah shared the same vision he had for a big box retailer. Marcus and Blank looked into buying Homeco, but the business had financing issues. When Homeco went out of business, they hired Farrah to help them launch Home Depot.
Nov 8, 2023 · Bernie and his friends Arthur Blank, Pat Farrah, and Ken Langone started a brand new store called The Home Depot. Their first two stores opened in Atlanta on June 22, 1979. It was a new kind of place for people to buy stuff for their homes.
With help from investment banker Ken Langone and merchandising guru Pat Farrah, Marcus and Blank opened the first two Home Depot stores in Atlanta the following year. The 60,000-square-foot warehouses dwarfed the competition with more items than any other hardware store.
Jun 29, 2018 · Pat Farrah operated a store in Canada and eventually beat Blank and Marcus to the punch by starting his own hardware megastore. However, he had no systems or financial plans in place and eventually he partnered with them in order to save his company and they started The Home Depot together
5 days ago · The Home Depot was founded in 1978 by Arthur Blank, Ron Brill, Pat Farrah, and Bernard Marcus, with capital secured through investment banker Ken Langone. Blank and Marcus had been the CFO and president/CEO, respectively, of a Los Angeles–based home improvement company called Handy Dan when they were ousted by the head of its parent company ...
