Former Elder-Beerman Ceo Dead at 86 ; Max Gutmann, Who Retired in 1991, Transformed the Dayton-Area Retail Stores Into a Regional Chain.

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DAYTON -- Max Gutmann, the former chairman and chief executive of Elder-Beerman Stores Corp. who led the retailer during a period of growth and returned later to help guide it out of bankruptcy, died Thursday morning, March 26, in Savannah, Ga. He was 86.

A financial contribution from Mr. Gutmann enabled the University of Dayton to establish a lecture series to promote Catholic-Jewish dialogue. He was a founder of the Downtown Dayton Partnership and Dayton Development Council, was a chairman of the Ohio Council of Retail Merchants and served on numerous corporate and community boards in Dayton.

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Former Elder-Beerman Ceo Dead at 86 ; Max Gutmann, Who Retired in 1991, Transformed the Dayton-Area Retail Stores Into a Regional Chain.

Mr. Gutmann an...

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