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Lawrence Marcus
American businessman

Lawrence Marcus

The basics

Quick Facts

Intro
American businessman
Work field
Gender
Male
Place of birth
Dallas, USA
Place of death
Dallas, USA
Age
96 years
Education
Harvard University
Harvard Business School
The details (from wikipedia)

Biography

Lawrence Marcus (July 5, 1917 – November 1, 2013) was the fourth and youngest child in a prominent Jewish family that includes his father Neiman Marcus Department Store cofounder Herbert Marcus, his mother Minnie Lichtenstein Marcus and also his eldest brother, Stanley Marcus, who went on to become the long-time Neiman Marcus CEO and Chairman.

Biography

After graduating from Dallas' Texas Country Day (the precursor to St. Mark's School of Texas), Marcus did undergraduate and business school at Harvard University. During World War II, he was a Lieutenant in the 601st Tank Destroyer Battalion but had to be medically evacuated after a Stuka dive bomber dropped a bomb near his M3 Gun Motor Carriage during the Battle of El Guettar. He sustain three shrapnel wounds: one above his heart, above his kidneys, one which destroyed his left tricep. due to injuries suffered in combat.Upon his return to Dallas, Texas, he resumed his career in the growing family business and he became VP of the Women's Department.

In the 1950s, Lawrence's brother Stanley asked him to assist in a contest to design the bridesmaid outfits for the wedding of Grace Kelly to Rainier III, Prince of Monaco.He worked closely with fashion designer Joe Allen Hong to come up with ideas and strategies for winning the contest.Lawrence flew to Monaco to scout the location of the wedding at Saint Nicholas Cathedral to give Hong as many ideas and leads as possible.The winning design was submitted by Hong and since he was considered a minority of Mexican and Chinese descent Neiman Marcus further burnished its image of being a multicultural friendly concern.

As Neiman Marcus outgrew Dallas in the 1950s and then Texas in the 1970s, family ownership was diluted and Stanley ceased to be active in day-to-day operations.Lawrence continued to work as a VP and other family members in the next generation such as Stanley's son Richard Marcus worked from time to time in varying roles.In 2005 Neiman Marcus was taken private by TPG Capital and Warburg Pincus and family ownership ceased.Lawrence attended the 100th anniversary celebration of Neiman Marcus' founding in 2007 and told stories about his brothers and other family members.

On November 1, 2013, he died at UT Southwestern-St. Paul University Hospital. He was survived by his wife, Shelby Marcus; his children, Judy Marcus Horn and Cary Shel Marcus; and his step-children: James Stroope, Jr., Tinna Stroope, and Lisa Browning.

The contents of this page are sourced from Wikipedia article. The contents are available under the CC BY-SA 4.0 license.
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