FIRM BUYS CONTROLLING STAKE IN JITNEY JUNGLE

JACKSON, Miss. -- A New York investment firm last week purchased a majority interest in Jitney Jungle Stores of America here for about $400 million.The firm, Bruckmann, Rosser, Sherrill & Co., purchased the interest from members of the founding McCarty and Holman families. BRS plans to leave senior management in place and may eventually take the retailer public, according to Harold Rosser, one of

JACKSON, Miss. -- A New York investment firm last week purchased a majority interest in Jitney Jungle Stores of America here for about $400 million.

The firm, Bruckmann, Rosser, Sherrill & Co., purchased the interest from members of the founding McCarty and Holman families. BRS plans to leave senior management in place and may eventually take the retailer public, according to Harold Rosser, one of the principals.

The deal gives Jitney financial backing that will allow it t

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