Stephens Business Split Shows on Private Company List

by Gwen Moritz  on Monday, May. 21, 2007 12:00 am  

A notable departure from the top 75 is Munro & Co. of Hot Springs, one of the last shoe manufacturers still operating in the United States, which reported revenue of $85 million last year compared with $100 million in 2005. Munro closed its plant at Wynne earlier this year.

An even more precipitous decline in revenue was reported by Perfect 10 Distributing Co.

-- $252.2 million in 2006 compared after $422 million in 2005. That's still good enough for No. 36 on the list but reflects a maturing of the market for the DirectTV satellite equipment distributed by the North Little Rock company.

Revenue for Forrest City Grocery Co. went in the other direction: $460 million in 2006, up from $390 million the previous year, primarily due to the purchase of a tobacco retailer in Mississippi.

The largest grocery concern in the state, Affiliated Foods Southwest Inc. of Little Rock, was not so lucky. Its revenue figure dropped 3 percent in the fiscal year that ended June 30 (from $797 million to $773 million) after the bankruptcy of a major customer, spokesman Al Miller said. The good news, he said, is that the year that will end in less than six weeks is looking much better.

The news last week that Acxiom Corp. of Little Rock will be sold to private equity investors does not mean that the $1.4 billion business will appear near the top of next year's list of the state's largest private businesses. While Acxiom may remain headquartered in Little Rock, its presumptive new owners will be in California.




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