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  • Albertson’s to buy United Family

    BOISE, IDAHO – Albertson’s Supermarkets plans to purchase grocery store and c-store operator the United Family. The transaction’s terms have not been released.

  • Delhaize names new CEO

    Brussels, Belgium – Delhaize Group has named Franz Muller as CEO, effective Nov. 8. Muller will succeed Pierre-Olivier Beckers, who will remain available to advise the new CEO until year-end and continue to serve on the board of directors in a non-executive capacity thereafter.

    Muller, 52, has more than 15 years of senior leadership experience in retail, most recently as a member of the management board of Metro AG and CEO of Metro Cash & Carry. He will start with Delhaize on Oct. 14, prior to assuming the role of CEO.

  • Report: A&P plans to sell company

    New York – The Great Atlantic and Pacific Tea Co. (A&P), which exited bankruptcy last year, is reportedly looking to sell itself. A report in the Wall Street Journal indicates that an internally distributed company memo from A&P chairman Gregory Mays to store managers states a sale of A&P is one of several options for funding growth, along with raising capital and refinancing.

  • Spartan Stores and Nash Finch Co. to merge

    Grand Rapids, Mich. -- Spartan Stores and Nash Finch Company on Monday announced that they have entered into a definitive merger agreement under which Spartan Stores and Nash Finch will combine in an all-stock merger valued at approximately $1.3 billion, including existing net debt at each company.

    Nash Finch, which had revenues of about $4.8 billion last year, will become a subsidiary of Spartan Stores, which had revenues of $2.6 billion.

  • 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.

  • Kroger expands into new markets, fattens brand portfolio

    CINCINNATI and MATTHEWS, N.C. — Kroger, already one of the world’s largest retailers, is about to get even larger. The company plans to purchase all outstanding shares of Harris Teeter Supermarkets for $49.38 per share in cash. 

    The merger agreement not only allows Kroger to expand its brands portfolio but also allows it to expand its market with a complementary base of 212 stores, of which 147 have pharmacies, in Southeastern and mid-Atlantic markets and in Washington, D.C.

  • New division heads to drive more growth at Kroger

    Growth opportunities in new geographies prompted Kroger to realign its organizational structure and place four executive in new roles.

    Just two days after reporting strong first quarter results, the nation’s second largest food retailer established two new supermarket divisions in Nashville and Louisville.

  • 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.

  • Bi-Lo in $265 million deal to buy Sweetbay, Harveys and Reid’s from Delhaize

    Jacksonville, Fla. -- Bi-Lo Holdings, parent company of the Bi-Lo and Winn-Dixie grocery store brands, has entered into an agreement to buy three chains from Belgium-based Delhaize Group. Bi-Lo said it would acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize for $265 million in cash.

  • Safeway Q1 profit up

    Pleasanton, Calif. -- Safeway Inc. on Thursday said it earned $118.9 million, in the first quarter ended March 23, up from $72.9 million a year earlier, helped by tax benefits. The company maintained its forecast for the year.

    Net sales inched down to $9.99 billion, from $10 billion a year ago, as the company sold its Genuardi’s division. Same-store sales rose 1.5%.

     

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