Provigo, Montreal, last week said it plans to open 11 Maxi and Cie supermarkets in the next two years. Three are slated for metro Toronto, five for Montreal (the first opened last week), two for the Quebec City area and one for Ontario's Ottawa-Hull area. The stores -- new units and expansions -- will account for $75 million of Provigo's $350 million capital-expense budget.
of politicians, movie stars and others. With tickets priced from $2,500 to $12,500 a person, the gathering raised $4.3 million for Clinton's re-election campaign. Burkle is managing partner of Yucaipa Cos., Los Angeles..
Fred Meyer Inc., Portland, Ore., last week announced a public offering of 3.85 million shares of common stock at $33.13 a share. Made only by prospectus, it involves shares to be sold by FMI Associates, an affiliate of Kohlberg Kravis Roberts & Co., a New York investment firm. FMI also has granted the underwriters an option for 30 days to buy up to another 382,146 shares. When the offering closes, Fred Meyer will repurchase 2.2 million shares from FMI at $31.75 a share, to be financed by borrowings under existing credit facilities. The transactions would cut FMI's ownership of outstanding shares from 37.8% to 17.8%.
Giant Food, Landover, Md., has opened its first Pennsylvania location, a 62,224-square-foot Super G combination store. The 169-unit chain operates six other stores in the Delaware Valley region and said it plans 40 stores there over the next 10 years.
