Legnam Corporation managed 132 general products stores in 38 of america prior to becoming insolvent in June 1932. It sold women’ apparel. Due to the financial meltdown through the Great Major depression, the string store, previously known as Mangel’s, became struggling to pay its obligations. The company managed office buildings at 1115 Broadway and 226 Main Neighborhood in Paterson, NJ.
The business enterprise was expanding before the constrictions due to quick deflation and an lack of consumer spending through the financial downturn.
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