The San Francisco Chronicle reports that area retailer Andronico’s has secured a multimillion dollar line of credit that will allow it to “stabilize its finances and reinvest in its stores.” The company plans a $15 million remodeling effort that will encompass its eight stores.
“We're going through what we call internally a 'rebirth,' " Bill Andronico, president/CEO of the family-owned company, said. “The soul hasn't changed.”
“We're going through what we call internally a 'rebirth,' " Bill Andronico, president/CEO of the family-owned company, said. “The soul hasn't changed.”
- KC's View:
- Good. The business – and the San Francisco area – is healthier for an Andronico’s that is active and vital. There were numerous reports – confirmed by sources to MNB - that the company was looking to sell itself not that long ago, and we’re glad to see that plans have changed.
