Mergers and acquisitions

Topics

LaBonne’s Market Buys Oliver’s Supermarket

Three-store independent LaBonne’s purchased the Prospect, Conn., Oliver’s location from Bozzuto’s, which had acquired the store earlier this year.

Retailers

Military Vets Accuse Save A Lot Owner of Fraud, Racketeering

A group of U.S. Navy and Marine veterans who invested in Save A Lot stores on a "mission" to combat food deserts say the chain's private owners deliberately misled and underserved them.

New Seasons Market and New Leaf Community Markets have entered into a definitive agreement to merge with Good Food Holdings, a subsidiary of South Korea's Emart, which controls Bristol Farms, Metropolitan Market and Lazy Acres.

Lidl, Compare Foods and McKay’s are identified as the buyers as the distributor's lengthy wind down of the Shoppers chain continues.

The retailer said it would divest holdings in the upstart natural foods chain, which had doubled in size but reportedly struggled under its wing.

The New York specialty chain brings new sales to the ShopRite operator, but higher expenses and margin pressure trigger 44% adjusted earnings dip.

The employee-owned retailer, part of HAC Inc., will expand into Stillwater and Ponca City, Okla., with the acquisition.

The $5.3 million acquisition brings 3 Manhattan specialty stores into the Wakefern cooperative.

The retailer said it would transition the store to the gourmet Italian theme Uncle Giuseppe’s is known for.

More independents call it quits in Pennsylvania as Weis plans Dallas reopening and a closure in Shavertown.

  • Page 4