The Kresge Foundation known as The Detroit Future City plan. Since July 1, 2006, the foundation has been led by Rip Rapson, formerly of the McKnight Foundation. He succeeded John Marshall III as president and CEO. In 1924, with an initial gift of $1.6 million, Sebastian Kresge established The Kresge Foundation in Detroit. Twelve years earlier, he and partner John G. McCrory opened the first 5-and-10-cent store, and parlayed the concept and operations into a chain of stores that were incorporated as the S.S. Kresge Company. Many years later the enterprise became known as Kmart. The foundation and the stores are not affiliated.
Blem (brand) US market by the 1970s, but were retained by the Buenos Aires subsidiary. Blem is now the local name for Pledge furniture polisher and related products in Argentina. Blem (brand) Blem was a S. C. Johnson & Son brand of wax furniture refinishing compound introduced in 1955. The original Blem product came in a red toothpaste-type tube with BLEM in white lettering. The product was launched in a give-away special offer with a free tube of Blem packed with a can of Pride polish. The red tube was later switched to yellow toothpaste-tube type packaging with BLEM in dark brown