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Supervalu to acquire Rainbow Stores in the Twin Cities
Supervalu, the owner of Cub Foods, along with four Twin Cities-based independent grocery retailers, have each entered into definitive agreements to acquire select Rainbow Foods grocery stores. In total, they agreed to acquire 18 Rainbow grocery stores, including 13 Rainbow pharmacies and three Rainbow liquor stores in Minnesota.
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RKF expands headquarters office
New York — RKF has announced that it will lease the entire seventh floor of 521 Fifth Avenue in midtown Manhattan.
With the expansion RKF will occupy 20,987 sq. ft., roughly 30% more space than the current lease. The expansion will enable the firm to increase its ranks by 25%.