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Article: Cohen's death prompts speculation about Giant's future. (Giant Food Inc. Chmn./CEO Israel Cohen)
- Article from:
- Chain Drug Review
- Article date:
- December 18, 1995
CopyrightCOPYRIGHT 1995 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LANDOVER, Md. - In November, when Giant Food Inc. chairman and chief executive officer Israel Cohen died of non-Hodgkin's lymphoma (a form of cancer), he opened the door for speculation about the supermarket and food/drug combination store operator's future. "As a retailer he had no fear," Sheldon (Bud) Fantle, the former chairman of Peoples Drug Stores, says about the 83-year-old Cohen. "All of his ideas were before the fact; he was a leader."
That foresight and ability to spot retailing trends almost before they happened helped Cohen transform Giant from the single-store operation started by his father near the end of the Great Depression into one of the nation's ...