Spartan Stores, Grand Rapids, Mich., said it has signed a definitive agreement to acquire Prevo's Family Markets, Traverse City, Mich. Prevo's operates 10 supermarkets in western Michigan. Spartan said it expects to complete the deal within the next two months. Terms of the transaction were not disclosed.
tinel, the company has sold three stores to a group of three executives from Fleming's Milwaukee office and sold another three to local Sentry managers and operators. Fleming could not be reached for comment.
Schnuck Markets, St. Louis, is discussing purchasing Copps Food Centers, the Stevens Point, Wis.-based food retailer, according to a report in the Milwaukee Journal Sentinel. Citing "industry sources," the newspaper said Schnuck is negotiating to buy 22 Copps stores and its distribution center. The report suggested a combination between the companies could satisfy Schnuck's desire to expand into Wisconsin and Copps' search for additional equity investors. Officials from Schnuck and Copps declined to comment.
Gristede's, New York, said last week it has begun an internal investigation of Great American Delivery, New York, to determine if the home delivery service is underpaying its employees. Gristede's said it was undertaking the investigation in response to a televised report last week about the delivery company. Cathy Ruckelshaus, litigation director at the National Employment Law Project, also here, said, "We welcome their investigation." However, she added, the company should have already known about the treatment of the delivery workers from a lawsuit the NELP filed on behalf of the delivery workers last year.
J. Sainsbury, London, reportedly has in recent months had its stores in Egypt attacked by stone-throwing mobs stirred by rumors the retailer is Jewish-owned and a supporter of Zionist causes. The company is also the subject of a consumer boycott, according to an article in The New York Times last week. Sainsbury, a publicly traded company with no particular connection to Jewish or Israeli causes, the Times reported, has spent $150 million building and acquiring stores in the last year to become Egypt's largest supermarket company.