Kroger has agreed to acquire Harris Teeter, the company announced July 9. The companies announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Harris Teeter for $49.38 per share in cash, or approximately $2.5 billion.
Ken Martindale has been named COO and president of Rite Aid, reporting to John Standley, chairman, president and CEO.
According to recent reports, Cerberus Capital Management LLP has made a bid to acquire Harris Teeter.
It’s stupendous! It’s colossal! It’s here! Welcome to the 35th annual Food Trade News market study. The numbers have been crunched, munched and digested; the final results are going to astound! Once again, the retail landscape in our market has …
ShopRite announces plans for a new store in Newark, NJ.
The 2013 Food Trade News market study, which this year adds the Metro New York market.
Recent SEC filings show that Supervalu paid the three chief executive officers who have led the troubled Eden Prairie, MN retailer/wholesaler a combined $12.68 million in compensation.
Food World’s annual market study breaks down sales and market shares for the supermarkets, convenience stores, drug stores, club stores and mass merchandisers selling groceries in the Mid-Atlantic market for the 12 month period from April 1, 2012 through March 31, 2013.
Wakerfern recently made the largest donation ever to the Academy of Food Marketing at Saint Joseph’s University.
Ahold chief executive Dick Boer told shareholders at the international retailer’s annual meeting that the company delivered another good year of financial performance, despite challenging market conditions and continued low consumer confidence.