MESA, Ariz. -- Megafoods Stores here has discussed selling its 23 price-impact stores in Arizona to Smitty's Super Valu, Phoenix, a number of trade observers told SN last week. Smitty's was acquired by Yucaipa Cos., Los Angeles, earlier this year. Industry sources said Yucaipa, through its ownership of Smitty's, would be a logical buyer for Megafoods' Arizona stores if Megafoods opts to sell. Megafoods, as reported, filed for Chapter 11 bankruptcy protection Aug. 17. Archie C. Fitzgerald, ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.