HARP'S OPTING FOR EMPLOYEE OWNERSHIP

SPRINGDALE, Ark. -- Harp's Food Stores here said last week it will become a 100% employee-owned company later this year, after which it will form a new legal entity with its wholesale supplier, Associated Wholesale Grocers, Kansas City, Kan.Harp's will control "the vast majority" of the new entity, with AWG as a minority stakeholder, Gary Phillips, AWG president and chief executive officer, told SN.

SPRINGDALE, Ark. -- Harp's Food Stores here said last week it will become a 100% employee-owned company later this year, after which it will form a new legal entity with its wholesale supplier, Associated Wholesale Grocers, Kansas City, Kan.

Harp's will control "the vast majority" of the new entity, with AWG as a minority stakeholder, Gary Phillips, AWG president and chief executive officer, told SN. He also said AWG will "help employees facilitate the acquisition of Harp's by providi

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: Walmart