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Safeway in $5 billion dollar deal to sell Canadian stores
Toronto -- Canada’s second-biggest supermarket operator has acquired Safeway’s Canadian portfolio of stores in a $5.7 billion deal that pulls the Pleasanton, Calif., chain completely out of the country.
Sobeys, a unit of Empire Co. Lt., has acquired 213 grocery stores, 62 fuel stations, 10 liquor stores, 12 manufacturing facilities and four DCs, leaving Safeway with 1,400 stores in the U.S. after the deal.
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Winick NJ hires two brokers
New York -- Winick Realty Group has signed Adam Kruvant and Gary Krauss as brokers in its Cranford, N.J., branch.
Krauss comes to Winick with a background in retail supermarket operations and food and drugstore marketing. Kruvant came up through Winick’s Agent Training Program. He previously worked for Vanguard Realty.