Marsh Sells Floral Business to President

INDIANAPOLIS — Marsh Supermarkets here yesterday said it has sold its McNamara Florist business to the division’s president, Toomie Farris, who will operate McNamara as an independent business. Terms were not disclosed. Frank Lazaran, chairman and chief executive officer of Marsh, in a statement said the sale of McNamara will allow Marsh to concentrate on its core supermarket business. “Proceeds from the sale will be re-invested into Marsh Supermarkets as we continue to refresh our existing stores and open new ones,” Lazaran said. Marsh, which purchased McNamara in 2000, will continue to use McNamara as its floral supplier, but McNamara will no longer operate floral departments for Marsh stores, reports said.

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