NEW ORLEANS -- In a move that will pump $14 million of funding into a cash-poor company, Schwegmann Giant Super Markets here has been acquired by Kohlberg & Co., Mount Kisco, N.Y., for an undisclosed sum. Kohlberg's acquisition of 26 of the company's 28 stores, and the accompanying retirement of John F. Schwegmann as chief executive officer, ended family ownership of the 128-year-old company. However, Schwegmann, grandson of the company's founder, will continue to own the real estate ...
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 complimentary access to the SN salary survey data tables.
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.