LOS ANGELES -- Yucaipa Cos. here said last week it has sold most of its 7.4% equity stake in Fleming because the distributor is not part of the investment group's long-range strategic plan. In an interview with SN, Ron Burkle, managing general partner of Yucaipa, explained that Yucaipa got involved with Dallas-based Fleming as a way to bolster the efforts of Kmart Corp., Troy, Mich., to strengthen its food offerings. In a formal statement, he also expressed confidence in Fleming management ...
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