Smart & Final Inc., the City of Commerce-based operator of 250 warehouse grocery stores in the Western U.S., said late Sunday that it would hire advisors and review its options as its largest shareholder plans to sell assets.
The company, founded in downtown Los Angeles in 1871, said majority shareholder Casino Guichard-Perrachon of France planned to sell "a significant portion of its non-core assets" by the end of 2007. The French firm has not announced anything specific about its 56% stake, Smart & Final said.
