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Jewel-Osco is a regional supermarket chain in the Chicago metropolitan area, headquartered in Itasca, a western suburb. [2] In 2007, the company had 188 stores across northern, central, and western Illinois; eastern Iowa; and portions of northwest Indiana. [1] Jewel-Osco has been a wholly owned subsidiary of Boise -based Albertsons since 1999 ...
TCF Financial Corporation, an acronym for Twin City Federal, was a bank holding company based in Detroit, Michigan. Its operating subsidiary, TCF Bank, operated 478 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Ohio, and South Dakota. [1] It also operated specialty lending and leasing businesses in all 50 states, Canada, New ...
Osco Drug and Sav-on Drugs were the names of a pair of chain pharmacies that operated in the United States. Osco Drug was founded by the Skaggs family. Alpha Beta grocery store was purchased by American Stores in 1961. Skaggs Drug Centers bought American Stores in 1979 and assumed the American Stores name. Sav-on Drugs was a California-based ...
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1992 Albertsons purchases 74 Jewel-Osco combination stores from American Stores. 1995 L.S. Skaggs Jr. relinquishes the Chairmanship of American Stores, and within two years the company purchased $550 million of his shares, leaving him with insufficient ownership to keep his seat on the board.
After Jewel was acquired by American Stores in 1984, the Star-Osco stores were rebranded as Star Market and placed under a single management team. [4] After the Jewel acquisition, American Stores had debt to pay off. In order to pay off this debt, American Stores chose to sell its less profitable stores, including the Star Market.
Cerberus Capital Management, L.P. is an American global alternative investment firm with assets across credit, private equity, and real estate strategies. [2] [3] The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992, with William L. Richter, who serves as a senior managing director.