Sir Alfred Newton, 1st Baronet

8 hours ago 4

New business interests

← Previous revision Revision as of 15:09, 15 July 2025
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When his brother William died in 1886 aged 48, Newton parted with the shipping business. The partnership continued between his surviving brother George Beeforth Jr., his father, and the manager William Holiday. When the father died in 1889 the firm was renamed Newton Brothers and Holiday.<ref>{{cite journal|title=Newton & Holiday|journal=The London Gazette|date=October 5, 1897|issue=26897|page=5471|url=https://www.thegazette.co.uk/London/issue/26897/page/5471|accessdate=8 November 2016}}</ref>
When his brother William died in 1886 aged 48, Newton parted with the shipping business. The partnership continued between his surviving brother George Beeforth Jr., his father, and the manager William Holiday. When the father died in 1889 the firm was renamed Newton Brothers and Holiday.<ref>{{cite journal|title=Newton & Holiday|journal=The London Gazette|date=October 5, 1897|issue=26897|page=5471|url=https://www.thegazette.co.uk/London/issue/26897/page/5471|accessdate=8 November 2016}}</ref>


Following his withdrawal from the family business Newton became involved with the stock market flotation of several private companies. In 1886, he was a director of the Norfolk and Suffolk Brewing Company (Colchester Brewing Company), in 1887 director of the New Zealand Gold Extraction Company (Newberry Vautin Process) Ltd., and in 1888 the chairman of the Gaiety Theatre. He was chairman of The President Land and Exploration Company in 1889 and the same year appointed chairman of the board of Harrods Store, raising capital to buy the store from Charles Digby Harrod for £100,000. In the next decade several other departmental stores followed suit with his involvement including D. H. Evans (chairman), J. R. Roberts’ Stores (chairman), Crisp and Company of Holloway (director) and Paquin of Paris (director). Whilst chairman of Harrods he also oversaw the purchase of the departmental stores [[Dickins & Jones]] (1914) and [[Swan and Edgar]] (1920).<ref>{{cite book|last1=Callery|first1=Sean|title=Harrods Knightsbridge; The Story of Society's Favorite Store|date=1991|publisher=Ebury Press|location=London|pages=37, 38,40,141,172}}</ref>
Following his withdrawal from the family business Newton became involved with the stock market flotation of several private companies. In 1886, he was a director of the Norfolk and Suffolk Brewing Company (Colchester Brewing Company), in 1887 director of the New Zealand Gold Extraction Company (Newberry Vautin Process) Ltd., and in 1888 the chairman of the Gaiety Theatre. He was chairman of The President Land and Exploration Company in 1889 and the same year appointed chairman of the board of Harrods Store, raising capital to buy the store from [[Charles Digby Harrod]] for £100,000. In the next decade several other departmental stores followed suit with his involvement including D. H. Evans (chairman), J. R. Roberts’ Stores (chairman), Crisp and Company of Holloway (director) and Paquin of Paris (director). Whilst chairman of Harrods he also oversaw the purchase of the departmental stores [[Dickins & Jones]] (1914) and [[Swan and Edgar]] (1920).<ref>{{cite book|last1=Callery|first1=Sean|title=Harrods Knightsbridge; The Story of Society's Favorite Store|date=1991|publisher=Ebury Press|location=London|pages=37, 38,40,141,172}}</ref>


==Civic duty and controversy==
==Civic duty and controversy==
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