Sales at Alex Lee include approximately $1.25 billion from Lowes Food Stores, with the balance coming from two corporate-owned wholesale businesses (Merchants Distributors, Inc., and Institutional Food House).
Lowes Foods is less interested in being “an incrementally better grocery store” and more interested in creating “something different and unique in the grocery experience overall,” Tim Lowe, president of the 100-store chain, said....More
Maybe it is lonely at the top. It was only a few years ago that Harris Teeter ascended to its No. 1 position in the Charlotte market, but this February the company said it is exploring the possibility of selling itself....More
It looks like 2013 could be a big year for mergers and acquisitions among strategic buyers and private investors, according to industry observers — due to an easing of credit markets and to the floodgates that will open once Supervalu completes the sale of the former Albertsons banners to a private equity consortium....More