• The Great Atlantic & Pacific Tea Co. (A&P) and Pathmark Stores reportedly have agreed to give the US Federal Trade Commission (FTC) at least two weeks notice before attempting to close A&P’s $679 million acquisition of Pathmark.
• The Denver Business Journal reports that a company called Hampton Retail Investors LLC has purchased 17 former Albertsons grocery stores in Colorado, and plans to renovate the rent out the properties to non-food retailers. The stores were vacated after the purchase of Albertsons’ assets in the region by Supervalu.
Terms of the deal were not disclosed.
• The Wall Street Journal this morning reports that Bernardo Caprotti, chairman of the Italian supermarket chain Esselunga, said at a press conference today that the sale of the company is just one option, and that he is in no hurry to make such a deal.
Caprotti did not announce what had been much rumored – that Tesco was buying at least 49 percent of the company.
• The Denver Business Journal reports that a company called Hampton Retail Investors LLC has purchased 17 former Albertsons grocery stores in Colorado, and plans to renovate the rent out the properties to non-food retailers. The stores were vacated after the purchase of Albertsons’ assets in the region by Supervalu.
Terms of the deal were not disclosed.
• The Wall Street Journal this morning reports that Bernardo Caprotti, chairman of the Italian supermarket chain Esselunga, said at a press conference today that the sale of the company is just one option, and that he is in no hurry to make such a deal.
Caprotti did not announce what had been much rumored – that Tesco was buying at least 49 percent of the company.
- KC's View:
