The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.
The Winnipeg company that owns SAAN remains in negotiations to sell the chain of department stores to a group of investors. Gendis Inc. expects to know by the end of the month whether the anticipated sale to the Avalon Group, based in New York City, will occur. The investors intend "to continue SAAN's history of operating SAAN . . . as an independent retail chain headquartered in Winnipeg," states a press release issued by Gendis. The investor group consists of both Canadians and Americans. Gendis hopes to get out of the retail sector and continue its move toward energy and real estate investments. SAAN opened its Flin Flon location on Main St. in the early 1990s.
