Patriarch George Draper Dayton founded Dayton Dry Goods Company in 1902. The department store started discount subsidiary Target in 1962; the Dayton Corporation also joined forces with the J.L. Hudson Company of Detroit to purchase Mervyn's of California in 1978. After more than 80 years of family involvement, the Daytons separated themselves from the retailer in 1983, when Bruce B. Dayton and Kenneth N. Dayton retired from the Dayton-Hudson Corporation board of directors. (The company went on to purchase Marshall Field's in 1990.) Bruce Dayton is the only surviving third generation member of t... Read More
Patriarch George Draper Dayton founded Dayton Dry Goods Company in 1902. The department store started discount subsidiary Target in 1962; the Dayton Corporation also joined forces with the J.L. Hudson Company of Detroit to purchase Mervyn's of California in 1978. After more than 80 years of family involvement, the Daytons separated themselves from the retailer in 1983, when Bruce B. Dayton and Kenneth N. Dayton retired from the Dayton-Hudson Corporation board of directors. (The company went on to purchase Marshall Field's in 1990.) Bruce Dayton is the only surviving third generation member of the mercantile clan. An avid art collector, he has given 2,000 works of art and more than $72 million to the Minneapolis Institute of Arts, including a group of treasured Mondrian paintings and drawings. The Daytons now manage their fortune through the Okabena family investment office. Bruce Dayton's son, Mark, is the 40th Governor of Minnesota. Read Less
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