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Cetalon

This article was originally published in The Tan Sheet

Executive Summary

Canadian subsidiary ceases retail sales of vitamin, mineral supplements. Decision affects about 38 Cetalon-owned stores in Canada, although approximately 10 franchise stores still are operating. Cessation of Canadian retail operations stems from conclusion of firm's relationship with Sears Canada, rejection of turnaround, debt restructuring proposals. Cetalon says future focus "will be totally on the U.S.," where its agreement with Sears to operate "stores-within-stores" is unaffected by the Canadian closures (1"The Tan Sheet" Sept. 24, 2001, In Brief)...
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