Kroger posted its 44th consecutive quarter of positive identical store revenue.
The Albertsons’ (AB Acquisition LLC, a unit of Cerberus Capital Management) purchase of Safeway is imminent and final Federal Trade Commission (FTC) approval is expected to be granted by year’s end, according to several sources.
Aldi will acquire the retail estate and certain assets of 70-store Bottom Dollar Foods.
Meg Ham has replaced Beth Newlands Campbell as president of the Food Lion division of Delhaize America.
C&S Wholesale Grocers emerged the winner in the contest to acquire bankrupt wholesaler AWI.
The C&S bid to acquire AWI was approved in bankruptcy court in Wilmington, DE on October 29. Closing is expected in early November.
Sources tell Food World and Food Trade News that C&S was the winner in last week’s auction for the assets of AWI and White Rose.
Acme president Jim Perkins will remain the leader of the 100 store Malvern, PA based chain as the new leadership team at Albertsons has been named.
The auction to acquire AWI and sister company White Rose will take place on October 24 followed by a sale hearing on October 29 at which the winning bidder will likely be announced.
Members of UFCW Local 400 voted to ratify a new, four-years collective bargaining agreement with Kroger covering 3,500 employees in the Richmond and Tidewater areas.