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BUSINESS
December 7, 1988 | MARY ANN GALANTE, Times Staff Writer
American Stores, the owner of the Alpha Beta and Lucky Stores chains, named a seasoned industry executive on Tuesday to succeed L. S. (Sam) Skaggs as chief executive. Jonathan L. Scott, 58, a former chief executive of both the Albertson's and A&P grocery chains, now will head a company that has grown in the last year to become the nation's largest supermarket operator.
BUSINESS
December 7, 1988 | MARY ANN GALANTE, Times Staff Writer
American Stores, the owner of the Alpha Beta and Lucky Stores chains, named a seasoned industry executive on Tuesday to succeed L. S. (Sam) Skaggs as chief executive. Jonathan L. Scott, 58, a former chief executive of both the Albertson's and A&P grocery chains, now will head a company that has grown in the last year to become the nation's largest supermarket operator.
BUSINESS
July 6, 1988
ADDRESS: 19100 Von Karman Ave., Irvine BUSINESS: A holding company for drugstore and food-store chains. The company owns Alpha Beta Stores Inc. and recently agreed to acquire Lucky Stores, Dublin, Calif. ASSETS: $3.7 billion (at Jan. 30, 1988) NUMBER OF EMPLOYEES: 130,000 TOP EXECUTIVES: Name: L.S. Skaggs Position: Chairman and president Cash Compensation: $1,147,649 Name: Richard E. George Position: President, Osco Drug Inc. subsidiary Cash Compensation: $515,244 Name: James H.
BUSINESS
June 13, 1989 | MARTHA GROVES, Times Staff Writer
American Stores officials maintained Monday that grocery shoppers are suffering because of the protracted legal action that is barring the merger of Alpha Beta and Lucky Stores, the company's two California grocery chains. "I think the worst case is what we've got right now," said Jonathan L. Scott, vice chairman and chief executive of the Salt Lake City-based company, the nation's largest operator of food chains and drugstores. By operating the chains separately, he said, the company is unable to take advantage of cost savings in advertising, distribution, warehousing and manufacturing that American Stores has said would be passed on to customers in the form of lower prices.
BUSINESS
January 27, 1989 | MARY ANN GALANTE, Times Staff Writer
Less than a year after moving its corporate headquarters to Irvine, American Stores Co. has decided to move back to Salt Lake City. Chief Executive Officer Jonathan L. Scott will move to the Salt Lake City offices by Wednesday, company spokesman Troy D'Ambrosio said, adding that other corporate personnel are expected to follow soon after. The relocation involves about 30 executives and support personnel.
BUSINESS
August 23, 1989 | MARTHA GROVES, Times Staff Writer
American Stores has rolled out a big gun to handle its legal battle with the California attorney general's office now that an appeal has been filed with the U.S. Supreme Court. Rex E. Lee, 54, who served as U.S. solicitor general during President Reagan's first term and is now president of Brigham Young University, has taken on the case in his capacity as "Supreme Court specialist" with the Chicago law firm of Sidley & Austin.
BUSINESS
August 23, 1989 | MARTHA GROVES, Times Staff Writer
The drama surrounding American Stores' effort to merge its Lucky and Alpha Beta supermarket chains heightened late Tuesday when U.S. Supreme Court Justice Sandra Day O'Connor apparently dealt a setback to California's attorney general. In a clarification of a Monday order, O'Connor said her prohibition against the merger is conditioned on the posting of a "good and sufficient bond" by California Atty. Gen. John K. Van de Kamp with the U.S. District Court in Los Angeles.
BUSINESS
September 14, 1988 | MARY ANN GALANTE, Times Staff Writer
L. S. Skaggs will retire as chairman and chief executive of American Stores Co., the nation's largest supermarket owner, as soon as a successor is found. The change-of-command announced Tuesday by the Irvine-based company had long been expected by company insiders. Skaggs, who recently reached American Stores' mandatory retirement age of 65, announced several years ago that he expected to retire after he reached that age.
BUSINESS
November 8, 1989 | MARTHA GROVES, TIMES STAFF WRITER
American Stores said Tuesday that it has reached an agreement with the state Attorney General's Office that will allow the company to merge its Alpha Beta and Lucky supermarkets in Northern California. Salt Lake City-based American Stores will sell about 13 of its 36 Alpha Beta stores in Northern California. The 23 other stores north of San Luis Obispo, Kern and San Bernardino counties will immediately be renamed Lucky and put under the management of that chain.
BUSINESS
September 14, 1988 | MARY ANN GALANTE, Times Staff Writer
L.S. Skaggs will retire as chairman of the board and chief executive of American Stores Co., the nation's largest supermarket owner, as soon as a successor is found. The change of command, announced Tuesday by the Irvine-based company, had long been expected by company insiders. Skaggs, who recently reached American's mandatory retirement age of 65, announced several years ago that he expected to retire after he reached that age.
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