Supervalu announced last month that it has entered into three separate definitive agreements to sell 21 of its 38 Farm Fresh Food & Pharmacy stores for approximately $43 million in cash to two different retailers that operate three different banners: Kroger/Harris Teeter and Food Lion.
Ahold Delhaize announced earlier this month that Dick Boer will step down as CEO as of July 1, 2018 and retire from the company. Deputy chief executive Frans Muller has been appointed to replace Boer as the chief executive officer when Boer retires.
Jeff Metzger’s take on 40 years of Best-Met Publishing’s coverage of the industry in the Northeast, plus the rest of the news of the market.
Thirteen days after Albertsons Cos. announced that it planned to acquire approximately 2,500 Rite Aid drug stores in a cash-and stock deal, the Boise, ID-based grocery retailer said that it has hired industry veteran Jim Donald to serve as president and COO of the supermarket chain.