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B&R to acquire Lovegrove’s Grocery

Plans conversion to Russ’s Market banner

Jon Springer, Executive Editor

May 22, 2017

1 Min Read
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B&R Stores on Monday said it has entered into an agreement to acquire Lovegrove’s Grocery, a store in Waverly, Neb., from its family owners and would rebrand the store behind its Russ’s Market banner.

“The Lovegrove’s Grocery Store has served Waverly shoppers for over 25 years, and its legacy as a family-owned business continues on,” Pat Raybould, president of Lincoln, Neb.-based B&R Stores, said in a statement. “We’re excited about the potential of the neighborhood store too, as it’s already a fundamentally strong business. We look forward to being a part of the Waverly community.”

Financial terms were not disclosed. The transaction is expected to close by the end of this month. The name will change to Russ’s Market Express, a new smaller Russ’s Market concept.

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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