Jules Jaluzot

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Jules Jaluzot, 1898
Jules Jaluzot

Jules Jaluzot (born May 5, 1834 in Corvol-l'Orgueilleux , near Clamecy in the Nièvre department ; † February 21, 1916 in Paris ) was a French businessman and politician.

Jaluzot, the son of a notary , attended the Lycée Bonaparte (today: Lycée Condorcet ) in Paris and was supposed to attend the Saint-Cyr military school, but at the age of 20 decided to pursue a career in trade. Among other things, he worked in a weaving mill , in a clothing and mourning clothing store and finally joined the Bon Marché department store , where he made a career. In 1864 Jaluzot met a rich and famous customer there, Augustine Figeac (1821-1883) from the Comédie-Française , twelve years her senior . The couple married on February 17, 1864. Thanks to the dowry of his wife, who retired from the stage in 1865, Jaluzot was able to go into business on a large scale. In 1865 he founded the Printemps department store with the merchant Jean Alfred Duclos . Duclos, however, did not meet its contractual obligations, which led to the termination of the contract by Jaluzot in 1866. He paid off Duclos and thus became the sole owner. In March 1881 his shop on Rue du Havre burned out almost completely. Jaluzot issued share certificates for the reconstruction, was able to rebuild the business and convert it into a public company in 1881. From 1885 he expanded his activity to include the sugar business; he invested in building up sugar beet refineries and speculated in futures trading. In the "sugar crash" in 1905, however, he made huge losses of 10-15 million francs due to the drop in prices, which was the end of his career. His speculations also found their way into the "Hundstag Song":

Do you know how many "sour cucumbers"
Is this dog day sun ripening?
Do you know how many "sweet villains"
Now the sugar crash takes hold?
Jaluzot did choose them,
That wholesale they steel with him
Millions of the pack
Through the expensive sugar sack ...

Jaluzot was a pioneer in electric lighting and clearance sales . As a politician he was elected deputy in 1889, 1893, 1898 and 1902. He represented a conservative line, was a supporter of General Boulanger and also financed relevant press organs.

literature

  • Heidrun Homburg: Department store companies and their founders in France and Germany or: A discrete elite and various myths , in: Yearbook for Economic History (1992), Issue 1, pp. 183-219

Individual evidence

  1. Heidrun Homburg: Department store companies and their founders in France and Germany or: A discrete elite and various myths in: Yearbook for Economic History (1992), Issue 1, pp. 183-219 ( PDF, 2.0 MB )
  2. Der Nebelspalter, Zurich, August 12, 1905, Volume 31, No. 32 ( PDF, 12.6 MB )

Web links