Ed Price, retired president of Toms-Price, dies at 93
Clint Engel -- Furniture Today, September 24, 2013
FOUNTAIN HILLS, Ariz. — Ed Price, retired president and second-generation owner of Chicagoland's Toms-Price, died here Sept. 5. He was 93.
Price was president of The Toms-Price Co. from 1955 to 1985 and oversaw its transformation from a wholesale trade showroom in downtown Chicago to the area's "premier high-end furniture retailer," the five-store, Bloomingdale, Ill.-based company said in a statement. "He was instrumental in establishing the reputation of Toms-Price as the store for fine furniture and interior design."
Price's focus was on solid wood furniture and 18th century reproductions, and he carried exclusively American-made lines including Henkel-Harris, Statton, Harden Furniture and Pennsylvania House. Before retiring in 1985, he also helped establish a longstanding partnership with Stickley Furniture.
Price served in the Marine Corps during World War II and became a combat intelligence officer and captain, spending three years in the Pacific Theater.
After the war, he returned to Chicago and began his working career at the family finance company. In the early 1950s, he began working in the family furniture business and oversaw the transformation from wholesale trade showroom to high-end retailer.
"He continued to follow the progress of Toms-Price until the end and was very proud of the company's continued growth and survival through the ups and downs of the economy over the decades since his retirement," the company said.
Outside of furniture, Price's passions were family, cars, golf and building. His interest in building and continuous improvement led him to build or fully remodel more than 10 homes in the past 20 years.
He is survived by his third wife, Beverly Price; son David Price, Toms-Price CEO; daughter Diane Dean; daughter-in-law Denise Price, accessories buyer; three grandchildren, including Scott Price, president; and four great-grandchildren.
The family suggests that memorial contributions may be made to Rise International, an organization that builds schools in the Angola, Africa, at P.O. Box 81, Winnetka, Ill. 60093.
Most Viewed Articles
FTTV: Frontline Friday From F/T