HONOLULU — Quinn Stores, the parent company of Times Supermarkets here, said yesterday it has signed a definitive agreement to acquire seven Star Markets locations in Hawaii. The sale is expected to close in early September.
The acquisition will enable Times to expand from its base of 12 stores on Oahu to the islands of Maui and Kauai. Under the agreement Times will re-banner five of the Star locations under its own name — two on Oahu, two on Maui and one on Kauai; it said it plans to sell the other two Star locations on Oahu to a drug store chain, although no agreements have been reached.
The Fujieki family, which opened the first Star location in 1927, decided earlier this year to leave the grocery business and felt Times provided the best future for its employees and customers, the two companies said in a joint news release.
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