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LOS ANGELES -- Smart & Final Inc. yesterday announced yesterday that it is reviewing strategic alternatives -- including a possible sale of the company in light of a recent announcement by majority shareholder Casino Guichard-Perrachon S.A. (Groupe Casino) that it will sell a significant portion of its non-core assets by 2007.
Groupe Casino however didn't announce any specific plans with respect to its 56 percent ownership in the company. The retailer expects to hire legal and financial advisors to assist in its review of alternatives.
No specific timeline was discussed.
Smart & Final operates 250 non-membership warehouse stores for food and foodservice supplies in California, Oregon, Washington, Arizona, Nevada, Idaho, and northern Mexico.