ST. LOUIS -- Schnuck Markets here said last week it will purchase the National Tea Co. retail operation here from Loblaw Cos., Toronto, reportedly for $215 million. Following regulatory approval, Schnuck plans to sell National Tea's 29 New Orleans stores to Schwegmann Giant Super Markets, New Orleans, for an undisclosed price. The deal would signal Loblaw's exit from the U.S. retailing business and would sharply increase Schnuck's regional market share. National Tea operates 89 stores -- ...
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