Tuesday, September 06, 2005

Albertsons/Savon caught observers off-guard by saying it had retained Goldman Sachs and Blackstone to examine strategies for increasing shareholder value - including a possible sale of all or part of its operations. The Albertsons Company includes Savon Drug Stores.

In total the Grocery and Drug Store business is declining in popularity due to the Wal Mart Effect.

So where does that leave the Jacobsen Plan for the old GTI Site?