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ShopKo looking to grow retail business following demise of Phar-Mor merger.

This article was originally published in The Rose Sheet

Executive Summary

SHOPKO TO PURSUE EXPANSION OF RETAIL DIVISION following the termination of the Wisconsin drugstore chain's merger with Phar-Mor April 2, ShopKo said. "Expanding both the scale and scope of our business" remains the core strategy for ShopKo, the chain commented. Investment bank Salomon Brothers advised ShopKo in June to grow its retail division as well as its ProVantage pharmacy benefit management subsidiary.
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