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.

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