UWG IS DIVESTING RETAIL OPERATIONS TO IMPROVE OVERALL FINANCIAL PICTURE

LOS ANGELES -- Unified Western Grocers here said last week it will exit its 12-store retail business as part of a quasi-reorganization that will give the member-owned cooperative greater financial flexibility.Unified operates five retail stores and owns seven others that were closed during 2002, including three that closed Dec. 23. Ten stores are in Northern California and two are in Oregon, ranging

LOS ANGELES -- Unified Western Grocers here said last week it will exit its 12-store retail business as part of a quasi-reorganization that will give the member-owned cooperative greater financial flexibility.

Unified operates five retail stores and owns seven others that were closed during 2002, including three that closed Dec. 23. Ten stores are in Northern California and two are in Oregon, ranging in size from 20,000 to 50,000 square feet and accounting for sales of approximately $

Register to view the full article

test - Advanced Registered User

Already a member? .