
1969 - Arnold Bartschi Sells J. Edward Shoe Company for $5 Million
1969 is a landmark year for Bartschi as he successfully sells his shoe empire to Belmont Industries Inc. for $5 million (although Bartschi states it was more like $3.5 after dealing with lawyers/taxes/expenditures). This windfall helps fund Bartschi’s lofty vision for the future.
Source: Delaware County Times