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Pacific Enterprises will not put Thrifty on sale, despite rumors. (includes related article on management of Thrifty Drug Stores chain)
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Pacific Enterprises will not put Thrifty on sale, despite rumors
Amidst fanfare and furrowed-brow analyses, in 1986 utility giant Pacific Enterprises, parent of Southern California Gas, bought retailer Thrifty Corp., in a move to multiply profits.
But instead, for five years the mating of the Los Angeles-based corporate behemonths has been almost barren of black ink -- and now the gossip is that the marriage has soured.
The huge SoCalGas operation is fine, reporting record operating income last year of $226 million, revenues of $3.19 billion. But Thrifty lost $64 ...
Related newspaper, magazine, and trade journal articles from HighBeam Research
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Stock report warns investors away from Pacific Enterprises.
Magazine article from: Los Angeles Business Journal
; ...revenues) Pacific Enterprises is parent company...retailing chain Thrifty Corp., and the Southern...recommendation on Pacific Enterprises reflects our...good news, Pacific Enterprises reported record...percent at Thrifty Corp., noted Duff...major risks to ...
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President wanted: West Coast chain. (presidency of Thrifty Corp.)
Magazine article from: Chain Drug Review
; ...presidency of Thrifty Corp., operator...owned by Pacific Enterprises, a local...Siegel, a Pacific Enterprises lawyer with...who joined Pacific Enterprises' legal department...owned by Pacific Enterprises. In the aftermath...retailing, Pacific ...
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Wall Street reacts favorably as Thrifty people and stores are cut; Thrifty provides nearly half of Pacific Enterprises' $6.8 billion operating revenues.
Magazine article from: Los Angeles Business Journal
; ...nearly half of Pacific Enterprises' $6.8 billion...favorable to Pacific Enterprises' second-quarter...100 of its Thrifty Corp. unit's drug...Specifically, Pacific Enterprises set aside...write-offs in its Thrifty retail business...returns, Pacific ...
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Financially plagued Thrifty Corp. continues to hold down profits at Pacific Enterprises.
Magazine article from: Los Angeles Business Journal
; The Los Angeles-based Pacific Enterprises' ill-starred venture into retailing continued...1.63 billion in the year-earlier quarter. Pacific Enterprises is the parent of big utility Southern California Gas and major retailer Thrifty Corp., which it bought five years ago. ...
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Financial problems at Thrifty Corp. keep plaguing outlook for Pacific Enterprises.
Magazine article from: Los Angeles Business Journal
; ...its rating on Pacific Enterprises to a hold from...Thrifty stores. Thrifty Corp. was a big purchase for Pacific Enterprises in 1986 but it has dragged down Pacific Enterprises almost ever...resulted in Pacific Enterprises stock falling...had held ...
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Pacific Enterprises' quarterly profits up 38% over last year. (Investments)
Magazine article from: Los Angeles Business Journal
; Pacific Enterprises' quarterly...Utility-conglomerate Pacific Enterprises reported fourth-quart...company's Thrifty Corp. retail unit...Gas Co. and Pacific Enterprises Oil Co., said...subsidiary, said Pacific Enterprises Chairman James...income for ...
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Thrifty Corp. sale is said to be imminent.
Magazine article from: Chain Drug Review
; ...ANGELES - PACIFIC Enterprises is reportedly...will sell its Thrifty Corp. retailing...various parts of Pacific Enterprises' retailing...scheduled. Pacific Enterprises, whose core...buyer for Thrifty Corp., which operates...retailing at Pacific ...
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Thrifty to close sports firm after finding fraud scheme. (FTM Sports Corp.)
Magazine article from: Los Angeles Business Journal
; ...parent firm Pacific Enterprises millions Hoping...this year, Thrifty Corp. next week...parent company, Pacific Enterprises, which also...and place for Pacific Enterprises, amid a stock-pri...purchasing Thrifty Corp. in 1986) where...challenges at ...
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Thrifty savors independence. (Thrifty Corp.) (Special Double Issue)(The State of the Industry)
Magazine article from: Chain Drug Review
; ...utility company Pacific Enterprises, Thrifty Corp. regained...fortunes of Thrifty Corp. steadily...in 1986, Pacific Enterprises divested...under the Thrifty Corp. umbrella...transactions, Pacific Enterprises sold its...
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Change in ownership spurs new outlook at Thrifty. (Thrifty Corp.)
Magazine article from: Chain Drug Review
; ...Executives at Thrifty Corp. expect the...relationship with Pacific Enterprises to lead to the...amp; Partners, Thrifty Corp. chairman and...brought in by Pacific Enterprises to revive Thrifty Corp. in August 1991...Thrifty Drug, Thrifty ...
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