Name/Title
Theo H. Davies & Co.Description
Theo H Davies & Co.
Davies raised capital in London and invested in plantations on the island of Hawaiʻi. In 1875, he refinanced the Honolulu Iron Works and hired Alexander Young. He would partner with Young in a number of future businesses. Davies took full control of the company after Janion died in 1881, and incorporated his growing interests in the sugar industry. The business expanded to add departments for steamship agents, grocery stores, dry goods, and hardware. Under the laws of the Provisional Government of Hawaii, it became Theo. H. Davies & Co., Ltd. in January, 1894.[2]
Theo H. Davies & Co. remained in family hands until 1973, when the family sold the company to Hong Kong-based conglomerate Jardine Matheson. Davies became the first big five company to get out of sugar, selling the Hamakua Sugar Company in 1984 to Francis S. Morgan.[4] Hamakua Sugar filed for bankruptcy just 8 years later in 1992 and was liquidated.[5][6]
Wikipedia reference nos.Created By
hawaiiancovers@gmail.comCreate Date
April 30, 2024Update Date
May 5, 2024
