How Will Sale of Shaw's Impact Salem's Store?
No immediate changes planned, but store leases could eventually be sold, analysts say.
The new owners of local Star Market and Shaw's supermarkets say no immediate changes are planned for the stores. According to the Boston Globe, there are 155 Shaw's and 14 Star Markets with 17,000 employees. In November the troubled company had announced cutting 700 jobs. The new owners, an investor group led by Cerberus Capital Management, bought the stores as part of a bigger $3.3 billion deal. Cerberus also controls the locally based Steward Health Care System network of community hospitals. The Boston Herald says Albertson's will take over all the New England Shaw's and Star Markets. Albertson's is a well-known supermarket brand name in the West and parts of the northern Midwest. The Herald also reports that the deal has industry …
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Edward
11:00 pm on Saturday, January 12, 2013
Wegmans would be interesting, but the size of the stores they plan to open, are around 100,000 sq. ft., if not larger. But I believe the size of the Salem Shaws isn't that large. more ›