Berkshire completes investment in Grocery Outlet
Berkeley, Calif. Berkshire Partners, Boston, has completed its investment in the Grocery Outlet supermarket chain, according to a report by Supermarket News.
Berkshire said it would supply strategic and financial support to help Grocery Outlet expand.
Grocery Outlet -- which oversees 135 stores operated by independent owners in Arizona; California; Idaho; Nevada; Oregon and Washington -- purchases surplus inventory directly from more than 2,500 grocery manufacturers.