Retail Financial Archive
Terms Disclosed on Tree of Life Sale
ST. AUGUSTINE, Fla. Royal Wessanen nv said it sold Tree of Life, the natural/organic food distributor based here, along with all but one subsidiary, to Kehe Food Distributors for $190 million cash, in a debt-free transaction....
Investor Discloses 25% Stake in A&P
MONTVALE, N.J. A California investment company has acquired a 25% ownership stake in A&P by gobbling up shares on the open market....
Kehe Acquires Tree of Life
ROMEOVILLE, Ill. Kehe Food Distributors here has signed an agreement to acquire Tree of Life from Royal Wessanen nv, with an anticipated closing date in early 2010, the companies announced....
Upturn Forecast for Import Cargo Volume
WASHINGTON After more than two and a half years of year-over-year declines, import cargo volume at the nation's major retail container ports is expected to see three straight months of gains in early 2010, according to the monthly Port Tracker report released yesterday by the National Retail Federation here and IHS Global Insight....
Michael Jordan Slams Retailers for Ads: Report
CHICAGO NBA star Michael Jordan has reportedly sued food retailers Jewel-Osco and Dominick's here, charging in separate suits that the retailers ran print advertisements implying his endorsement without permission. ...
Bruno's Former Owners Sued By Trustee
DALLAS The liquidating trustee for Bruno's Supermarkets is suing the chain's former owner, Lone Star Holdings, charging that Lone Star used Bruno's to improve the marketability of Bi-Lo, a sister chain that was once operated with Bruno's as a single company....
Sprouts Sets First Northern California Store
PHOENIX, Ariz. Sprouts Farmers Market here will expand into Northern California with a store in Sunnyvale, Calif., that's scheduled to open in early June. ...
Deadline Extended for Penn Traffic Bids
SYRACUSE, N.Y. The deadline for bids to buy Penn Traffic's stores has been extended for six more weeks after lender GE Capital agreed to a request for additional time from Charles Schumer, a U.S. Senator from New York....
Ridley's Buys 2 Utah Albertsons
TWIN FALLS, Idaho Ridley's Family Markets here has purchased two of the four remaining Supervalu-owned Albertsons stores in Utah that have been up for sale. ...
Steering Through the Storm
The biggest industry news stories of the year for the most part revolved around how food retailers coped with the recession. For many that meant slashing...
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