Phar Mor's Home Recovers Some Pride
When the Youngstown (Ohio) area had little else to boast of, at least people there could point to Phar-Mor, the fast-growing discount drugstore chain. Then it turned out that Phar-Mor's president, Michael Monus, and three associates had allegedly plundered at least $10 million from the company. Shortly after that revelation, the company filed for Chapter 11.
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