REGINALD F. LEWIS
BE 50th Anniversary - Influential Black Entrepreneurs

REGINALD F. LEWIS

REGINALD F. LEWIS 
TLC GROUP; TLC BEATRICE 

EST. 1983 & 1987

 With his historic $985 million leveraged buyout of TLC Beatrice International Foods Cos.—the largest offshore transaction at the time—the late financier created the first Black-owned global enterprise to surpass the billion-dollar revenue mark. He helped Black businesses gain access to financing throughout his business career and became the standard-bearer for African Americans on Wall Street. His first big deal came in 1983 with a $22.5 million leveraged buyout of McCall Pattern Company, a home sewing and publishing firm. Lewis streamlined McCall’s financially troubled operations and led two of the most profitable years in its 113-year history. Lewis sold the business in 1987 for $90 million, a 90-to-1 return on his investment.
 


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