Woodbury Corporation Turns 100
When the Woodbury Corp. first opened its doors, a gallon of gas cost a quarter. Woodrow Wilson was president, and the first loaves of machine-sliced bread wouldn’t be sold for nearly a decade.
F. Orin Woodbury, a recently married furniture salesman with a baby on the way, was struggling to make ends meet at the tail end of World War I. He went into business instead with his brother-in-law, LeGrand Richards, who owned a small real estate company before becoming a member of The Church of Jesus Christ of Latter-day Saints’ Quorum of the Twelve Apostles. Woodbury later bought out his partner and led the company that would one day manage more than $3.1 billion worth of shopping centers, offices, homes, hotels and land in 16 states.
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