RED APPLE PLANS TO MANAGE CHAIN

NEW YORK -- Red Apple Cos. here has signed a letter of intent to manage a chain of stores in Argentina. According to John Catsimatides, Red Apple chairman, president and chief executive officer, Red Apple will supply on-site management to oversee the operations of Hawaii Supermarkets, a chain of 17 stores in inner-city areas of downtown Buenos Aires.atsimatides said Red Apple would receive "the usual

NEW YORK -- Red Apple Cos. here has signed a letter of intent to manage a chain of stores in Argentina. According to John Catsimatides, Red Apple chairman, president and chief executive officer, Red Apple will supply on-site management to oversee the operations of Hawaii Supermarkets, a chain of 17 stores in inner-city areas of downtown Buenos Aires.

atsimatides said Red Apple would receive "the usual management fee" for its services -- 1.75% of sales. Catsimatides said he is in the p

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