(Black Enterprise.com) — When James Bruce Llewellyn received word that Fedco Food Corp. was on the selling block, he quickly sought financing to purchase the profitable south Bronx grocery store chain. In what would become known as one of the first leverage buyouts, the deal cemented Llewellyn’s place in business history.
A towering figure in the broadcasting, bottling, banking and supermarket industries, it seemed the New York native never met a challenge too big for his appetite for acquisitions and turnarounds. Llewellyn passed away in his New York City home, Wednesday night, April 7, due to kidney failure. He was 82.