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Business Wed Feb 28 2007
Sam's is Sold
Sam's Wine and Spirits was quietly sold today to one of the family members and a group of outside investors. The store has been family owned and operated by the Rosen family since its humble beginnings on the Near North Side in the 1950s. Youngest brother, Brian Rosen, and his financial backers have purchased his brother Darryl's interest in the company and seem to be making changes rather quickly. Eight employees were let go this week, which continues a trend of many key staff members giving notice or receiving pink slips over the last three months. No word yet as to whether they intend to make changes to the business model or how the selection or service will be affected.
