Leopold H. Guldman was born in 1852 to Jewish parents in Harburg, a village in the kingdom of Bavaria. After arriving in the U.S., Guldman eventually made his way to Colorado, where he opened small outlets in bustling mining towns and supplied goods to miners. By 1879, at the age of twenty-six, he founded the Golden Eagle Dry Goods Company, which quickly became one of Denver’s leading popular-price department stores.