REVERSAL OF FORTUNE

NEW ORLEANS -- Schwegmann's fortunes are turning upward.Less than 10 months after Kohlberg & Co., the New York-based investment firm, acquired the 26-store chain from the Schwegmann family last Valentine's Day, earnings are back in the black and sales are beginning to rise, Mark S. Sellers, chairman, chief executive officer and chief financial officer for Schwegmann Giant Super Markets here, told

NEW ORLEANS -- Schwegmann's fortunes are turning upward.

Less than 10 months after Kohlberg & Co., the New York-based investment firm, acquired the 26-store chain from the Schwegmann family last Valentine's Day, earnings are back in the black and sales are beginning to rise, Mark S. Sellers, chairman, chief executive officer and chief financial officer for Schwegmann Giant Super Markets here, told SN.

"The basic turnaround mechanisms are all in place," he said, "and w

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