SCHULTZ BOARD PROPOSES SETUP OF HOLDING COMPANY

SHEBOYGAN, Wis. -- Schultz Sav-O Stores here said last week its board of directors has proposed restructuring the company's corporate structure to create a holding company called Fresh Brands, pending shareholder approval. nagement teams under different names and formats, improve our ability to operate stores of different brand names, provide greater flexibility in meeting financing needs, and create

SHEBOYGAN, Wis. -- Schultz Sav-O Stores here said last week its board of directors has proposed restructuring the company's corporate structure to create a holding company called Fresh Brands, pending shareholder approval.

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