Shaw's to be Sold in $3.3 Billion - How Will this Affect Our Local Grocery Stores?
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. There is a Shaw's on the corner of Cambridge Street and Winn Street in Burlington. 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 …
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J. Parker
1:38 pm on Saturday, January 12, 2013
Albertson's is located in Florida, also. In by gone years, Star Market was always my favorite. Roche Bros. is my choice now; clean, atmosphere friendly and well stocked. When a grocery store becomes so large that it's like walking a marathon to shop, it's off my list. : ) more ›