-
Total Wine & More to open 96th superstore
Olympia, Wash. -- Total Wine & More will open its 96th wine and spirits superstore in Olympia, Wash., on July 18. With over 21,000 sq. ft., the store will offer more than 8,000 wines, 3,000 spirits and 2,500 beers.
The store also houses iPad stations stocked with tasting notes and food pairings, flat screen televisions running programs about winemakers, distillers and brewers and a walk-in humidor. In addition, a classroom provides space for tastings, classes and community meetings. -
Kroger purchases Harris Teeter for $2.5 billion
Cincinnati -- The Kroger Co. has reached an agreement to purchase all outstanding shares of Harris Teeter Supermarkets for $49.38 per share in cash, or about $2.5 billion. Kroger will finance the transaction with debt and also assume about $100 million of debt from Harris Teeter.
Harris Teeter operates 212 stores in North Carolina, Virginia, South Carolina, Maryland, Tennessee, Delaware, Florida, Georgia and the District of Columbia primarily in the Carolinas. The company had revenues of approximately $4.5 billion for fiscal year 2012.