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Fretter Inc. founder Oliver Ollie Fretter, 91, died Sunday at his Bloomfield Hills home.

Fretter was perhaps one of metro Detroits most iconic retail spokesmen. He was known for his zany advertisements that included phrases like, Ill give you 5 pounds of coffee if I cant beat your best deal.

He founded Brighton-based Fretter in the early 1950s as a single appliance repair shop. Fretter acquired 182 Silo stores from Dixons plc in 1993, adding 182 stores to the 87 stores Fretter operated in nine states.

The company filed for Chapter 11 bankruptcy in 1996, after several years of declining sales and red ink amid competition from big box stores like Best Buy and Circuit City.

Fretter is survived by his wife, Elma; children Laura Fretter and Howard Fretter; and grandchildren Alexandra, Andrew and Catherine.

Visitation is 3 p.m.-8 p.m. Wednesday at A.J. Desmond & Sons Funeral Home in Royal Oak, with services at 11 a.m. on Thursday.

The family is suggesting memorial tributes be made to the Beaumont Foundation.

Sherri Welch: (313) 446-1694, swelch@crain.com. Twitter: @sherriwelch

If you enjoy the content on the Crain's Detroit Business Web site and want to see more, try 8 issues of our print edition risk-free. If you wish to continue, you will receive 44 more issues (for a total of 52 in all), including the annual Book of Lists for just $59. That's over 55% off the cover price. If you decide Crain's is not for you, just write "Cancel" on the invoice, return it and owe nothing. The 8 issues are yours to keep with no further obligation to us. Sign up below.

Offer valid for new MI subscribers only. Non-MI subscribers - $79. All other Foreign - $127.

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Appliance retailer Ollie Fretter dies at 91

Fretter Inc. founder Oliver Ollie Fretter, 91, died Sunday at his Bloomfield Hills home.

Fretter was perhaps one of metro Detroits most iconic retail spokesmen. He was known for his zany advertisements that included phrases like, Ill give you 5 pounds of coffee if I cant beat your best deal.

He founded Brighton-based Fretter in the early 1950s as a single appliance repair shop. Fretter acquired 182 Silo stores from Dixons plc in 1993, adding 182 stores to the 87 stores Fretter operated in nine states.

The company filed for Chapter 11 bankruptcy in 1996, after several years of declining sales and red ink amid competition from big box stores like Best Buy and Circuit City.

Fretter is survived by his wife, Elma; children Laura Fretter and Howard Fretter; and grandchildren Alexandra, Andrew and Catherine.

Visitation is 3 p.m.-8 p.m. Wednesday at A.J. Desmond & Sons Funeral Home in Royal Oak, with services at 11 a.m. on Thursday.

The family is suggesting memorial tributes be made to the Beaumont Foundation.

Sherri Welch: (313) 446-1694, swelch@crain.com. Twitter: @sherriwelch

If you enjoy the content on the Crain's Detroit Business Web site and want to see more, try 8 issues of our print edition risk-free. If you wish to continue, you will receive 44 more issues (for a total of 52 in all), including the annual Book of Lists for just $59. That's over 55% off the cover price. If you decide Crain's is not for you, just write "Cancel" on the invoice, return it and owe nothing. The 8 issues are yours to keep with no further obligation to us. Sign up below.

Offer valid for new MI subscribers only. Non-MI subscribers - $79. All other Foreign - $127.

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Popular appliance retailer Ollie Fretter dies at 91

Oliver L. (Ollie) Fretter, the colorful founder and president of the old Fretter appliance and electronics store chain whose zany commercials endeared him to a generation of local television viewers, died Sunday at his home in Bloomfield Hills. He was 91.

Ollie Fretter was very much the public face of his chain. His TV pitches included the memorable pledge, Ill give you 5 pounds of coffee if I cant beat your best deal. The Free Press noted in a 1996 article that Fretters Ollie Oops sales on dinged and dented merchandise were a penny-pinchers delight.

Related: Ollie Fretters greatest hits TV commercials from the 70s and 80s

Fretter started his company in the early 1950s as a single appliance repair shop. One of his first stores was in Redford Township. The company went public in 1986, and along with Highland Superstores and ABC Warehouse, was one of the Detroit areas Big Three appliance and electronics chains.

Through growth and acquisitions the firm expanded to a peak of more than 250 stores in several states by the early 1990s, under the names Fred Schmid, Fretter, Dash Concepts, Silo or Yes! About 60 stores carried the Fretter name itself.

By 1987 Fretter stopped appearing in the chains TV spots as the company hired actor Robert Stack for more somber ad campaigns.

His Brighton-based company eventually struggled amid increasing competition from discounters and big box electronics chains such as Best Buy and Circuit City. The fast-falling prices of computers and other electronics by the 1990s played a role in the chains demise, too.

Fretter declared bankruptcy in 1996 and all of its stores were liquidated. Of Detroits electronics Big Three, today only the ABC Warehouse chain is still in business.

At the end it just got to be a tough business and he wanted to retire, his son, Howard Fretter, recalled Tuesday.

Oliver Fretter was born in Cleveland in 1923 and moved with his family to Michigan as a teenager, graduating from Royal Oak High School in 1941. He worked as an appliance repairman in Detroit before founding the Fretter Appliance Co.

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Ollie Fretter, colorful founder of Fretter Appliances, dead at 91

Fretter Inc. founder Oliver Ollie Fretter, 91, died Sunday at his Bloomfield Hills home.

Fretter was perhaps one of metro Detroits most iconic retail spokesmen. He was known for his zany advertisements that included phrases like, Ill give you 5 pounds of coffee if I cant beat your best deal.

He founded Brighton-based Fretter in the early 1950s as a single appliance repair shop. Fretter acquired 182 Silo stores from Dixons plc in 1993, adding 182 stores to the 87 stores Fretter operated in nine states.

The company filed for Chapter 11 bankruptcy in 1996, after several years of declining sales and red ink amid competition from big box stores like Best Buy and Circuit City.

Fretter is survived by his wife, Elma; children Laura Fretter and Howard Fretter; and grandchildren Alexandra, Andrew and Catherine.

Visitation is 3 p.m.-8 p.m. Wednesday at A.J. Desmond & Sons Funeral Home in Royal Oak, with services at 11 a.m. on Thursday.

The family is suggesting memorial tributes be made to the Beaumont Foundation.

Sherri Welch: (313) 446-1694, swelch@crain.com. Twitter: @sherriwelch

If you enjoy the content on the Crain's Detroit Business Web site and want to see more, try 8 issues of our print edition risk-free. If you wish to continue, you will receive 44 more issues (for a total of 52 in all), including the annual Book of Lists for just $59. That's over 55% off the cover price. If you decide Crain's is not for you, just write "Cancel" on the invoice, return it and owe nothing. The 8 issues are yours to keep with no further obligation to us. Sign up below.

Offer valid for new MI subscribers only. Non-MI subscribers - $79. All other Foreign - $127.

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Iconic metro Detroit retailer Ollie Fretter dies at 91

AFP Survivors pulled from collapsed India building, toll hits 20

New Delhi (AFP) - Rescuers on Monday plucked two survivors from the ruins of a southern India apartment block that collapsed at the weekend, as they raced against the clock to find dozens more feared trapped in the rubble.

The confirmed death toll from Saturday's disaster on the outskirts of Chennai rose to 20 as authorities blamed shoddy construction for what was the second deadly building collapse in India within a matter of hours.

Karuna Sagar, a senior officer with the Tamil Nadu state police force said that, six people were arrested in the case on account of negligence, including the builder and his son, the architect of the residential tower and three others overseeing the building construction.

"Forty-three bodies were retrieved, of them 20 were dead and 23 were alive," Sagar told AFP in a phone interview on Monday.

"About 30 may be trapped (under the debris), but the exact number is not known yet," he added, speaking in English.

Reports said that two people rescued on Monday morning included a 35-year-old female construction worker who was one of several dozen entombed by a mass of concrete on Saturday night.

The woman had suffered a head injury, a hospital spokesman told the Press Trust of India news agency. A male co-worker was also being treated in hospital.

Emergency teams used mechanical diggers and heavy-cutting equipment to try and find more survivors in the ruins of what was a partially-built 11-storey complex.

The National Disaster Response Force (NDRF) said more than 400 rescuers were taking part in the search and were "leaving no stone unturned to save lives of the victims... by making best use of the latest sophisticated equipment".

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Survivors pulled from collapsed India building, toll hits 20

Business News of Wednesday, 2 July 2014

Source: GNA

Societe Generale (SG)-Ghana, has pledged to stand with the private sector and give every support to aid its growth.

Mr Kwaku Tweneboah-Koduah, the Head of its Retail Banking, said, it is determined to spearhead key reforms and introduce more innovative products to assist businesses of all sizes to optimally operate.

As the bank leads efforts to improve banking services through doorstep banking, foreign exchange and commodity hedging, consumer credit loan and Sika Card, he said, it has made customer care one of its top priorities. SG currently has 39 networked branches, providing retail, corporate and small-scale entrepreneurial clients with dedicated services.

Mr Tweneboah-Koduah, addressing customers during a raffle draw in Kumasi, said they could only expect first class services. The competition dubbed: The Power of GH250 Deposit Promo Raffle Draw, is a reward to the banks loyal customers and a way to encourage them to save.

Under it, customers have to deposit a minimum amount of GH250 into their savings account to earn points and stand the chance of winning prizes. The competition is being organized by SG-Ghana with the support of the National Lottery Authority (NLA).

In all, 30 out of the about 2,000 customers who entered for the draw in Kumasi received prizes ranging from digital television sets, washing machines, smart phones, microwave ovens, blenders to electrical kettles.

Mr Tweneboah-Koduah congratulated the award winners, and said the bank would continue to meet the expectations of its customers.

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SG-Ghana pledges more support to aid business growth

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On June 15, Barack Obama telephoned Spains King Juan Carlos to bid him farewell and congratulate him on his reign. The US president was in California at the time, staying with his good friends James Costos and Michael Smith, respectively the US ambassador to Spain and his partner. Together from their official residence-cum-art gallery and meeting point in central Madrid, the former television industry executive and the interior decorator have brought a breath of fresh air to US diplomacy in Spain.

The reception area of the US ambassador's official residence in Madrid is dominated by four paintings: a six-meter-square work by Robert Rauschenberg; facing it is another large-format piece, by Roy Lichtenstein; off to the left is Screaming in Spanish, by another Pop Art doyen, Edward Ruscha; and opposite that is a delicate watercolor on rice paper by the reclusive Agns Martin.

The choice of works is no coincidence, nor does it respond to some kind of decorative requirement. The paintings have been chosen very carefully, and should perhaps be seen as a kind of homage to cultural fusion; very much a declaration of intent by the two men who moved in here 10 months ago.

Costos is an atypical ambassador, not just because he is gay, vegetarian, and a vocal proponent of animal rights, but also because of his background: he is a former director of US cable channel HBO, responsible for global hits such as The Sopranos and Game of Thrones. Michael Smith, his partner of some 15 years, is an internationally renowned interior decorator.

When the president asks you to join his administration, in an official capacity, the only possible answer is yes

Both men made significant financial contributions to Barack Obamas election campaign, and both know just about everybody in Hollywood: Michael Smith has decorated Cindy Crawford and Steven Spielbergs homes, while Michelle Obama tasked him with refurbishing the Oval Office in the White House. Since their arrival in the Spanish capital, an invite to their official residence has been much coveted by anybody who is anybody.

But dont be deceived into thinking that either of the pair are in any way frivolous. Like all good Americans, Costos and Smith are cordial, unpretentious hosts. They form an efficient couple. The ambassador is a political sciences graduate, and Smith an art expert. They are both from the competitive and implacable world of high-level business, where annual results leave little room for frivolity. They both take their work very seriously.

I never thought about being an ambassador,explains Costos. When the president asks you to join his administration, in an official capacity, the only possible answer is yes. Thats why I accepted: because he asked me. I had a fantastic career at HBO, and a wonderful life with Michael in California.

There is a long-established tradition in US politics of presidents rewarding the people who help finance campaigns with ambassadorial posts. And according to The New York Times, Costos and Smith raised around $3.4 million for Obama. So what has the State Departments response been to another outsider? I think that it is precisely because of this mix of profiles that the system works so well. Career ambassadors do a fantastic job, they give their lives to their work. Michael and I are not from the world of diplomacy, but this task is also about attitude. It is about building relationships, about working together, and about reaching mutually beneficial agreements.

Both know Spain well, and have visited several times in recent years. That said, Costos arrival came at a difficult time, shortly after Edward Snowdens revelations about the mass spying carried out by the National Security Agency (NSA). In October 2013, Costos was summoned to the Spanish Foreign Ministry to provide an explanation. Not an easy start for somebody with no formal diplomatic experience, I point out.

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Mr Ambassador and Mr Smith