The Fresh Market has agreed to be acquired by a private equity firm several months after the retailer said it would initiate a review of strategic alternatives and a possible sale.
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Albertsons acquires remaining 29 Haggen locations
Albertsons on Monday submitted a binding bid letter and form of Asset Purchase Agreement to Haggen for the purchase of 29 of Haggen's core stores, confirming reports that Alebertsons would seek to acquire the remaining Haggen core. This is a step in the process to obtain bankruptcy court approval, following Haggen's Chapter 11 filing on September 8, 2015, which is required for consummation of the purchase.
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Charming Charlie continues global expansion
Charming Charlie is expanding its Middle East footprint.
The specialty retailer has opened its first location in Qatar, at the Ezdan Mall in Doha. The 2,900-sq.-ft. store is operated by Apparel Group, Charming Charlie’s international licensing partner, which has further growth planned for the brand in the Middle East this year.
