MILWAUKEE, Wis. — Roundy's Supermarkets here said Monday it will open its first two Mariano's Fresh Market locations within the city of Chicago later this year — one scheduled for late summer, the other for early fall.
The Mariano's scheduled for the fall — in the Lakeshore East area of downtown Chicago — will be a two-story location that was originally supposed to be the first Mariano's to open, but it was delayed by redevelopment issues, company executives told SN.
Instead, Roundy's opened its first Mariano's location a year ago in Arlington Heights, Ill.; it opened the second unit a month ago in Vernon Hills, a Chicago suburb located about 30 miles north of Arlington Heights.
The company plans to open its fifth store in the first quarter of 2012 in Palatine, Ill., northwest of the city, a chain spokeswoman told SN.
She declined comment on reports Roundy's is for sale by Willis Stein & Partners, the Chicago-based investment firm that owns the company — for a reported price of about $1.2 billion, industry sources said. SN reported in March the company had hired Moelis & Co., a New York-based investment bank, as a financial advisor, along with Credit Suisse.
Industry sources told SN there is no evidence that a sale is imminent.