The 10-week standoff at Market Basket officially ended August 28 when Arthur T. Demoulas’ group announced it had acquired the 50.5 percent stake from the Arthur S. Demoulas faction.
Ahold continued its disappointing financial trend in the U.S., posting declining sales, operating income and margins for its fiscal second quarter ended July 13.
A deal was reached September 9 for C&S has entered into an asset purchase agreement with C&S Wholesale Grocers pursuant to which C&S will acquire substantially all of AWI’s assets, including its White Rose distribution business and three distribution centers that are operated by AWI and White Rose.
Associated Wholesalers Inc. (AWI), the Robesonia, PA based wholesale co-op, announced on August 22 that, in conjunction with its sale process, it has received and is evaluating offers from potential buyers to acquire the assets of AWI and White Rose. …
Tewksbury, MA based Market Basket continues to see a standoff between the two factions of the Demoulas family, those siding with Arthur T. Demoulas, the recently ousted CEO, and those siding with Arthur S. Demoulas.
Sources have told Food Trade News that Delhaize America is considering the sale of its 66 Bottom Dollar Foods stores located in Pennsylvania, Southern New Jersey and Northeast Ohio.
Sources have told us that AWI is seeking a buyer for its entire wholesale enterprise, not just for its White Rose division.
Safeway’s shareholders approved a deal for the company to be sold to Cerberus Capital Management.
Food Trade News has learned that AWI may be considering selling the entire company, rather than just the White Rose division.
Two Virginia-based independent retailers that have been in business for a combined 125 years have closed their doors in the past month: Virginia Beach-based Camellia Foods and Farmer’s Foods, based in Hopewell.