News Archives

This archive contains all news stories posted to best-met.com. Complete print editions of Food World and Food Trade News are also available.


PE Firm Apollo Agrees To Buy The Fresh Market For $1.36B

  The Fresh Market, Inc., the struggling, upscale specialty retailer, has found a buyer. After speculation about a company sale increased late last year and ramped up about a month ago after reports surfaced that it was listening to offers …

Ahold Delhaize Holders Approve Merger; 83 U.S. Supermarkets Reportedly For Sale

Ahold and Delhaize shareholders gave final approval for the officially approved the merger of the two large European grocery chains setting the stage for a mid-year closing of the deal . And, at its U.S. holdings,both chains are reportedly offering a combined 83 stores for sale in the Baltimore-Washington, Eastern Shore, Richmond (Central Virginia), Southern Pennsylvania, West Virginia, Lower Hudson Valley and Greater Boston markets.

BREAKING NEWS: UNFI to acquire Haddon House for $217.5 Million

Medford NJ-based Haddon House to be acquired by UNFI.

Wal-Mart Reneges On Promise To Open Two Washington, DC Stores

When Wal-Mart announced on January 15 that it will close 269 stores, including 154 U.S. units, it didn’t mention that it would also discontinue its plans to build two new Wal-Mart stores in Washington, DC.

Course Reversal: Safeway Will Operate Maryland Warehouse

Safeway and the Teamsters Locals 730 and 639 reached an agreement late last month to keep the retailer’s Upper Marlboro, MD depot open, reversing a decision made last October to close that facility (along with a smaller non-foods warehouse in nearby Landover, MD) and outsource the supply to three C&S Wholesale Grocer distribution centers.

Share Price Dip Could Lead To Nasdaq Delisting For Fairway

The Nasdaq notified Fairway Markets in early January that the retailer was not in compliance with rule 5450(a)(1) because its stock had failed to maintain a minimum closing bid price of $1 for 30 consecutive days of business, which could lead to the retailer’s delisting.

Lease Rejections To Accelerate Tea Company Shutdown Process

With about 90 stores yet unsold, A&P in the past month has begun to accelerate its wind down process by rejecting 48 leases and agreeing to sell six more stores. Also, the most recent disposition status of all A&P stores.

A&P Ramps Up Closure Process By Rejecting Leases Of 48 Units

With about 90 stores yet unsold, A&P has begun to accelerate its wind down process by rejected 48 leases and has engaged the services of A&G Relaty Partners to act as a third party sales agent.

Harris Teeter To Build 1.5 Million Square Foot Depot In Caroline County, VA

Harris Teeter confirmed it will build a new 1.5 million square foot distribution Center in Caroline County, VA

Retired Giant/Landover CEO Pete Manos Passes Away

Retired Giant/Landover CEO Pete Manos passed away January 7.