JACKSON, Miss. -- A New York investment firm last week purchased a majority interest in Jitney Jungle Stores of America here for about $400 million.
The firm, Bruckmann, Rosser, Sherrill & Co., purchased the interest from members of the founding McCarty and Holman families. BRS plans to leave senior management in place and may eventually take the retailer public, according to Harold Rosser, one of the principals.
The deal gives Jitney financial backing that will allow it to step up its ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
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.
Click here to read the FAQ page if you have any questions (opens in a new window)
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.
Already registered? Log In