BERKELEY, Calif. — Berkshire Partners said last week it has agreed to invest in Grocery Outlet here to help fund expansion for the discounter — a move that signals a willingness by private equity to back formats at the edges of the industry, observers told SN. “Investments in high-end natural-food chains like Whole Foods by Leonard Green and this investment in a discount chain are likely to be more common over the next five years, whereas investment in the industry's sweet spot, like ...

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