OSHAWA TO SELL 25 PROPERTIES, UPGRADE STORES

ETOBICOKE, Ontario -- Oshawa Group here said last week it will sell 25 retail properties by Nov. 7 and use the proceeds -- about $72 million ($100 million Canadian) -- to upgrade its store network and install new technology.The company said the capital will fund new stores and remodels that will offer more fresh foods, including prepared meals.Oshawa said the divestiture is part of a continuing strategy

ETOBICOKE, Ontario -- Oshawa Group here said last week it will sell 25 retail properties by Nov. 7 and use the proceeds -- about $72 million ($100 million Canadian) -- to upgrade its store network and install new technology.

The company said the capital will fund new stores and remodels that will offer more fresh foods, including prepared meals.

Oshawa said the divestiture is part of a continuing strategy to shed nonstrategic assets. That strategy included the sale of its Phar

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