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Mergers and acquisitions

Retailers

Earth Fare Group Adds a 5th Location

Former CEO Mike Cianciarulo named chairman as investors seek to “re-create” the brand he once led, CEO says.

Retailers

Earth Fare's Founder, Execs Acquire 4 Stores

A group headed by current and former figures at Earth Fare has acquired the brand name and four of its stores in a bankruptcy bid; Aldi, Winn-Dixie and Whole Foods select other sites, but dozens remain unsold.

Aldi, Publix, Southeastern Grocers gain multiple Florida stores and Dollar General gains a distribution center as estate nets $29 million.

In a bankruptcy court-led auction, the ShopRite operator buys five stores and a distribution center, outbidding Bogopa, while Key Food takes a Brooklyn store and Amazon eyes remodeling 2 New Jersey units.

On the eve of a bankruptcy auction, Bogopa Service Corp. outbids ShopRite by $5 million and one store.

The distributor is working hard to meet demand, but suppliers are still catching up, CEO says in second-quarter financial update.

The stores are located in northeastern Arkansas and southern Missouri and will push the number of Harps locations well past 100.

The drug chain will operate and rebrand 99 of the grocer’s pharmacies and acquire the prescription files from 11 additional Schnucks pharmacies to transfer elsewhere.

Basket Economics: As rumors swirl of the ultimate efficiency play, the fast-growing discounter draws a crowd on Long Island.

The meal-kit pioneer sees encouraging trends but will need more investment to successfully turn around, CEO says.

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