The company enjoyed success under the direction of the Odlums.Bonwit Teller: Lively Interior On 57th Street, The New York Times, April 23, 1981 In May 1979, the developer Donald Trump acquired and later, in 1990, demolished the Fifth Avenue store in order to make room for the Trump Tower. Bonwit Teller would change ownership several times throughout the 1970s and 1980s.David L. Dworkin. 'I Should Have Known Better', The New York Times, June 10, 1990. In 1989, its parent company at the time filed for bankruptcy protection, liquidating most of the company in 1990.The Decline of Bonwit Teller: Did Time Pass Retailer By?, The New York Times, April 14, 1990
