Giant to Buy 16 Genuardi’s as Safeway Exits Philly

CARLISLE, Pa. — Giant Food Stores here Thursday agreed to purchase 16 Genuardi’s stores from rival Safeway for $106 million, a move that will further grow Giant’s rapidly expanding share of the Philadelphia market and could spell the end of the 92-year-old Genuardi’s banner.

Safeway summarily said it intended to exit the Philadelphia market, closing three Genuardi stores not in the deal and looking to sell

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