In 1859, the founders' sons, Ninian Bannatyne Stewart and Alexander McDonald, were assumed as partners. After John McDonald's death, circa 1860, Robertson Stewart's eldest son Alexander Bannatyne Stewart joined the firm. Robertson Stewart died in 1871 and following Ninian's retirement in 1874, Alexander Stewart became the senior partner and the former cashier, Archibald Crombie, also became a partner.
Alexander Stewart died in 1880 and was succeeded as a partner by the founder's grandson John R. Stewart, and later, in 1882, by Robert Keddie, manager of several of the principal departments. Robert Keddie initiated the establishment of several supply factories and the improvement of the shop frontage on Buchanan Street, Glasgow.
In 1900, the firm was registered as a limited liability company under the name of Stewart & McDonald Ltd. with registered offices at 21 Buchanan Street, Glasgow. In 1913 the retail section of Stewart & McDonald Ltd. was hived off from the larger wholesale business as a separate private limited liability company, McDonalds Ltd.
McDonalds Ltd. was made a public limited liability company on 25 August 1920, and in 1922, acquired the business of E. J. Clarke, Harrogate, Yorkshire, England, a family drapery business.
In April 1951, the business was purchased by House of Fraser Ltd., department store retailers in Glasgow. The business continued as a subsidiary of House of Fraser Ltd until 1966 when it was merged with Wylie & Lochhead Ltd., a neighbouring furnishing store, acquired by House of Fraser Ltd. in 1957. Together the stores traded as McDonalds, Wylie & Lochhead. In 1975 this merger was taken a stage further by the amalgamation of the shops Fraser Sons & Co. and McDonalds, Wylie & Lochhead as a single department store, Frasers, on the west side of Buchanan Street, Glasgow. The site of the store still existed in 2002.
By Paul Green
The name in the overprint at the top of this post is STEWART & MCDONALD; after roughly 1894 the name was written as STEWART & M'DONALD, a practice that continued to at least 1912.
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