Coxeter & Binnings

The Coxeter & Binnings Corporation, doing business as just Coxeter & Binnings, was a Jonathian multinational conglomerate business founded in 1857 in the Northern Province by Hinnerk Coxeter and Fabrice Binnings. The company was involved in multiple sectors before it's collapse, including consumer goods, appliances, finance, mining, oil drilling, and electronic devices. As well as this, Coxeter & Binnings also owned a 42% stake in the commercial television station TV7 before selling it off to BCom in March of 1980.
Coxeter & Binnings was founded through the merger of Coxeter Mining Corporation and Binnings Finance as a way for the two to save money. It helped that Coxeter and Binnings had known each other for quite a long time; both came from the same town, Merby. The company saw rapid growth throughout the second half of the 19th century, and before long the company began buying out other companies, to expand into what by 1914 was the largest corporate entity in Jonathian history. The death of Hinnerk Coxeter in 1925 created a rift in the company's control, which under company policy should have went to Binnings, but Coxeter's will dictated that this role would go to his son, Richard J. Coxeter. A brief power struggle would ensue until Binning's eventual death in 1929, six days before his birthday.
The time between the years 1930 and 1970 is often recognized as the company's golden era, with constant growth throughout the era. The arrival of television and the rise of appliances like the refrigerator created a golden opportunity for Coxeter & Binnings, which took advantage of the situation and prospered well. It is also around this time that the company began an oil drilling effort in Unadia. The Great War did little to hinder the company's growth, and by 1970, Coxeter & Binnings was at it's peak.
In 1983, the company recorded it's first loss in 104 years, as a result of the death of then-company chairman, Jayden Coxeter. The replacement chairman, Orson Coxeter, did not seem interested in the ranks of business, and before long Coxeter & Binnings began flowing through a downward spiral, filing for bankruptcy in 1988. Their headquarters in Vonderburg, at the site where the Vodafone Building now stands, was abandoned in 1989, after which the company imploded. It's assets were either sold off to other large companies like TCA, Thead & Co, Enco, JT Group, and The Re-Cola Company, dissolved altogether, or spun off into the newly reformed Binnings Finance, itself a rump of the former company.
Category:Defunct companies
Category:Companies
Category:Coxeter & Binnings
Category:Jonathia
Category:Northern Province