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.
Steve Burnham has been named to head Safeway’s Eastern Division, once the deal between Albertsons and Safeway is finalized.
AWI announced September 9 that it has entered into an asset purchase agreement with C&S in which C&S will purchase substantially all of AWI’s assets and will serve as a “stalking horse bidder” in a court approved auction process.
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. …