UTICA, N.Y. -- Victory Holdings Corp. here last week completed its acquisition of Almacs Inc., East Providence, R.I., and plans to launch an aggressive upgrading program at the 26-store chain. Victory, parent company of Victory Markets, which operates 72 Great American Food Stores in upstate New York, will continue to operate the 19 stores in Rhode Island and seven in Massachusetts under the Almacs name. Almacs had been operating under Chapter 11 bankruptcy protection since Aug. 6, 1993. ...

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