DATE: Saturday, October 25, 1997 TAG: 9710250651
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: 16 lines
Raleigh-based Variety Wholesalers Inc. announced Friday that it will acquire the struggling Rose's chain, which operates 106 variety stores throughout the Southeast, including Hampton Roads. Rose's Stores is a wholly owned subsidiary of Rose's Holdings Inc., based in Henderson, N.C. Privately held Variety, which operates about 500 stores in the Southeast, said it plans to operate Rose's Stores as a subsidiary. The deal, valued at about $15 million, must be approved by Rose's stockholders.
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