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Private company

Legnam Corporation

US retailer

Legnam Corporation operated 132 general merchandise stores in 38 of the United States prior to becoming insolvent in June 1932. It sold ladies' apparel. Owing to the financial crisis during the Great Depression, the chain store, formerly known as Mangel's, became unable to pay its debts.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

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Legnam Corporation operated 132 general merchandise stores in 38 of the United States prior to becoming insolvent in June 1932. It sold ladies' apparel. Owing to the financial crisis during the Great Depression, the chain store, formerly known as Mangel's, became unable to pay its debts. The company maintained offices at 1115 Broadway and 226 Main Street in Paterson, New Jersey.2

How it started

Company history

On May 7, 1929, the Mangel Corporation declared a quarterly dividend of 1.625 per share on 6½% cumulative preferred stock, payable on June 1, 1929.

Legnam Corporation filed a petition for bankruptcy in the United States Federal District Court on June 29, 1932. The previous day the company changed its name from Mangel's to Legnam by filing a certificate of incorporation with the New Jersey Secretary of State in Trenton, New Jersey.

From Wikipedia’s article on Legnam Corporation, shared under CC BY-SA 4.0.2

Sources

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