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Robert Haft Circles Phar Mor


In Business This Week

ROBERT HAFT CIRCLES PHAR-MOR

HE LOST THE COMPANY TO Dad, then got mired in an eccentric intrafamily legal fracas. What to do now? Robert Haft, ousted from Dart Group last year by father Herbert, is considering a bid for bankrupt Phar-Mor, sources familiar with his plans say. Haft, who won't comment, is said to be leading a group that hopes to buy a majority stake in the $1.9 billion discount drug chain, which is seeking to emerge from Chapter 11 protection. The move would give the 41-year-old executive a place to plunk his cash cache in the wake of his departure from Dart: He collected a $34.1 million jury award last fall and $17 million for his share of family real estate.EDITED BY KEITH H. HAMMONDS


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