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The Home Depot was co-founded by Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Ken Langone in 1978. [6] [7] [8] The Home Depot's proposition was to build home-improvement superstores, larger than any of their competitors' facilities. Investment banker Ken Langone helped Marcus and Blank to secure the necessary capital.
Jul 24, 2018 · Ken Langone was cofounder of The Home Depot. His financial prowess enabled Bernie Marcus, Arthur Blank and Pat Farrah to develop a new mega concept that opened in Atlanta in 1978.
- Walter Loeb
In 1978, they co-founded the home-improvement retailer The Home Depot, with the help of merchandising expert Pat Farrah and New York investment banker Ken Langone who assembled a group of investors. The first two stores opened on June 22, 1979 in Atlanta.
When The Home Depot was founded in 1978, Bernie Marcus and Arthur Blank had no idea how revolutionary this new “hardware store” would be for home improvement and the retail industry. Today, we’re proud to be the world’s largest home improvement retailer.
As respected business pioneers, Bernard Marcus and Arthur Blank established The Home Depot in 1978 as co-founders of the company. With a unique vision to create expansive home improvement superstores, they launched the first two Home Depot stores in 1979 after securing necessary capital from investment banker Ken Langone.
In 1978, Blank co-founded Home Depot with Marcus. New York investment banker Ken Langone assembled the initial group of investors and merchandising expert Patrick Farrah helped founders realize their vision of one-stop shopping for the do-it-yourselfer.
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Nov 8, 2023 · Bernie and his friends Arthur Blank, Pat Farrah, and Ken Langone started a brand new store called The Home Depot. Their first two stores opened in Atlanta on June 22, 1979. It was a new kind of place for people to buy stuff for their homes.