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What Is Phar-Mor?

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What Is Phar-Mor?
In 1982, Phar-Mor chain of discount drug stores founded by Michael “mickey” Monus and David shapira in the United States. Phar-Mor business was to sell large quantity of merchandise with a very small profits margin. Instead, they had it set up were the products can get send direct delivery or shipped though Tamco Warehouse. Sam Walton was feared of Monus because he didn’t know how the Phar-Mor grew in short time. In 1992, the company expanded, it was 300 stores and they hire 25,000 employees. Monus was accused of embezzlement and his CFO Patrick Finn they assumed that Monus moved $10 million from Phar-Mor to the world Basketball League that he founded. According to the data and inventory Phar-Mor borrowed millions and file bankruptcy protection.
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