Breaking: C&S bids to acquire AWI, White Rose in Chapter 11
Associated Wholesalers Inc. said Tuesday that it had entered into an agreement with C&S Wholesale Grocers whereby C&S would be the "stalking horse" bidder in an auction of AWI and its subsidiaries in U.S. Bankruptcy Court
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An inability to realize synergies related to its 2006 acquisition of White Rose, along with “fierce” competition besetting its cooperative and voluntary wholesaling units, triggered significant financial challenges for Associated Wholesalers Inc., the distributor said in its Chapter 11 bankruptcy filing Tuesday.
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Kroger sets hiring goal of 20,000 employees
Kroger Co. said Friday it plans to hire approximately 20,000 employees for permanent positions at its supermarket divisions.
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Dollar General takes FDO offer directly to shareholders
With offers to buy Family Dollar twice rejected, Dollar General on Wednesday went directly to its rival's shareholders, commencing an $80 per share tender offer.
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Walmart to rebrand Express stores Neighborhood Market
Walmart said it would extend the Walmart Neighborhood Market name to its smaller-scale Walmart Express stores, saying the two concepts serve similar missions for their shoppers.
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Mariano’s Quick Turnaround
Converting a group of acquired stores from one banner to another is nothing new for Robert A. Mariano.
When Mariano was a young executive with Dominick’s Finer Foods in Chicago, the company acquired several stores from Kroger Co. when Kroger exited the marketplace in late 1970.
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Dollar store war could impact Walmart
The biggest winner — or loser — in the battle to acquire Family Dollar Stores might be Walmart, according to industry observers.
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Price relief ahead for proteins, dairy, some produce
The price of products in most perimeter departments is expected to ease within the next year. The onslaught of the PEDv virus that sent pork product prices soaring is subsiding and cattle herds downsized due to drought are beginning to rebuild.
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Gallery: Mariano’s store tour
The Mariano’s store in Ravenswood, Ill., is what the company calls “a showpiece” — a location that features the best of what that chain has to offer.
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Market Basket suppliers: ‘It’s great to have them back’
Energized workers — and relieved suppliers — were busy getting Market Basket stores back to life following an agreement between the company’s warring family owners that ended an extraordinary wildcat strike that virtually shut down the chain for nearly six weeks.
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Former A&P exec to serve 3 years for fraud scheme
John Moritz, the former A&P senior executive who pled guilty to charges of using company resources to fund a event ticket business run for his personal gain, was sentenced to 36 months in prison, U.S. attorney Paul J. Fishman said.
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