S. S. Kresge S. S. Kresge Sebastian Spering Kresge (July 31, 1867 – October 18, 1966) was an American businessman. He created and owned two chains of department stores, the S. S. Kresge Company, one of the 20th century's largest discount retail organizations, and the Kresge-Newark traditional department store chain. The discounter was renamed the Kmart Corporation in 1977 and evolved into today's Sears Holdings Corporation, parent of Kmart and Sears. Kresge was born near Allentown, Pennsylvania, the son of Sebastian Kresge and the former Catherine Kunkle. Living on the family farm in Kresgeville (named for his ancestors) until he was 21 years
Discount Investment Corporation Discount Investment Corporation Discount Investment Corporation Ltd. (“DIC”) () is a holding company based in Israel. The company is listed on the Tel Aviv Stock Exchange and is a constituent of the TA-100 Index. The company’s is controlled by IDB Holding Corporation Ltd. () Discount Investment Corporation was founded in 1961 as an investment vehicle of the Recanati family, which at the time were owners of the Israel Discount Bank; itself founded by the family in the 1930s after emigrating from Greece during the British Mandate of Palestine. The family business were controlled by umbrella company IDB Holding Corporation (IDB