GROCERY OUTLET EXTENDS REACH TO TEXAS WITH YES!LESS BUY

BERKELEY, Calif. -- Grocery Outlet here is taking its discount food concept east to Texas, where last week it received bankruptcy court approval to acquire 16 Yes!Less stores from Fleming Cos., Dallas.The terms of the transaction were not disclosed. Grocery Outlet also acquired a 17th Yes!Less store through a separate negotiation with the landlord. Fleming had closed all of the locations last month

BERKELEY, Calif. -- Grocery Outlet here is taking its discount food concept east to Texas, where last week it received bankruptcy court approval to acquire 16 Yes!Less stores from Fleming Cos., Dallas.

The terms of the transaction were not disclosed. Grocery Outlet also acquired a 17th Yes!Less store through a separate negotiation with the landlord. Fleming had closed all of the locations last month as part of its bankruptcy reorganization.

The acquisition marks a nearly 1,000

Register to view the full article

Already a member? .