Price : ₱ 5,000
Category : Apparel & Accessories
Sub Category : Shoes
Child Category :
Availability : In Stock
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In 1952, Nathan Swartz, a shoemaker from Ukraine,[3] bought half-interest in the Abington Shoe Company in Boston, Massachusetts.[4] Swartz and his sons eventually acquired the remaining shares. Through the 1960s the company specialized in making private-label boots and shoes for other brands.[4] In 1969, Abington moved to Newmarket, New Hampshire[5] and focused on producing waterproof boots made with injection molding, capable of withstanding the winters of the region.[4]
The Timberland boot was introduced in 1973.[6] Its popularity grew, prompting the Swartzes to discontinue manufacturing for others and concentrate on expanding their own brand.[7] The Abington Shoe Company was renamed The Timberland Company and incorporated in 1978.[4][8]
Jeffrey Swartz, son of Sidney Swartz, joined the company in 1986.[9] The following year the family took the company public.[10][11] Herman Swartz led the company until he retired in 1986. He was succeeded as CEO by his brother Sidney, who retired in 1998. Jeffrey Swartz succeeded him to become Chief Executive Officer of the company. In June 2011, Timberland signed a definitive takeover agreement with VF Corporation at $43 per share or approximately $2 billion.[12]
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