Between 1929 and 1931, operating losses in the retail division jumped from $182,000 to more than $2 million.
Drexel has been trying since Saturday to strike a deal to sell the retail division.
No price was disclosed for the brake plant or retail division.
As for the struggling retail division, the unit continues to suffer.
He joined Shearson in 1966 and rose to head the firm's retail division.
We're going to manage the launch of an entire new retail division.
As a result, the firm sold its retail division in mid-2004 following bankruptcy litigation.
The company has a wholesale division and a retail division.
The company joined the group's retail division along with Wessex.
He will be in charge of general management operations and the retail division.
