One of the cotton industry’s longtime merchants has announced plans to move its corporate headquarters back to downtown Memphis by spring 2020.
According to The Commercial Appeal, Cargill Cotton – one of the 10 largest private firms in Memphis – will relocate from suburban Cordova to Memphis, close to the cotton industry’s longtime wheeling and dealing area once known as Cotton Row. At its peak, Cotton Row housed more than 5,000 employees in more than 200 cotton firms.
Cargill entered the cotton business in 1976 with its acquisition of Hohenberg Brothers, one of Memphis’ premier merchants.
In a company statement, William Barksdale, Cargill Cotton managing director, said the firm’s 75 employees are “excited to be a part of the revitalization of downtown Memphis.”