NEW YORK -- Red Apple Cos. here has agreed to sell an unspecified number of stores to Rite-Aid Corp., Camp Hill, Pa., according to John Catsimatidis, Red Apple chairman. Red Apple, a privately held company, operates 63 Sloan's and Gristedes Markets in the metropolitan area. Rite-Aid is expected to convert the acquired locations to drug stores. Catsimatidis, who also is chairman of Sloan's Supermarkets here, declined to discuss the status of separate talks between Sloan's Supermarkets and ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.