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NEWS WATCH 2002-10-14 (1)
Safeway Sells Three Zagara's, to Close Oned last week it has sold three Zagara's stores, a four-store Philadelphia-area specialty food banner that it acquired as part of its purchase of Genuardi's Family Markets, Norristown, Pa., last year. Safeway added that it intends to close the fourth store. The company said the stores were purchased by a team of three former Genuardi's employees, and the transaction
October 14, 2002
1 Min Read
Safeway Sells Three Zagara's, to Close One
d last week it has sold three Zagara's stores, a four-store Philadelphia-area specialty food banner that it acquired as part of its purchase of Genuardi's Family Markets, Norristown, Pa., last year. Safeway added that it intends to close the fourth store. The company said the stores were purchased by a team of three former Genuardi's employees, and the transaction is expected to close today.
PORT SHUTDOWN COSTS FOOD COMPANIES BIG
WASHINGTON -- West Coast dockworkers returned to work last week, ending the 11-day shutdown of 29 U.S. ports, but food companies said the port closures cost them millions of dollars. Dole Food Co., Westlake Village, Calif., said that containers of fresh California vegetables sitting at the port of Oakland, Calif., may never reach overseas customers. The company said it had estimated losses of $2.4 million due to spoilage, increased shipping and transportation costs, and lost sales.
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