10 Facts About Robert Campeau

1.

Robert Joseph Antoine Campeau was a Canadian financier and real estate developer.

2.

The Robert Campeau Corporation used leveraged buyouts to buy the department stores and went bankrupt when it could not maintain the debt payments, in the largest retailing bankruptcy at the time in US history.

3.

Robert Campeau worked in jobs at Inco as a general labourer, carpenter and machinist.

4.

Robert Campeau's first project was a single home constructed in partnership with his cousin in Ottawa, Ontario.

5.

In Ottawa, Robert Campeau was able to construct both office complexes and residential subdivisions to accommodate Canada's rapidly expanding civil service.

6.

Robert Campeau objected to this rule and was drawn into conflict with city council over large high-rise developments such as Place de Ville.

7.

Robert Campeau retained well-known investment banker Bruce Wasserstein to assist with the transactions.

8.

Robert Campeau was eventually acquired by the Reichman brothers who filed for bankruptcy themselves and Campeau Corporation ceased to exist.

9.

Robert Campeau resided in a lakeside castle in Austria and he became involved in some real estate projects, including developing a large subdivision in Teltow near Berlin, Germany.

10.

That project failed and Robert Campeau's company went bankrupt in 2001.