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Supermarkets reshaped by takeovers and new competitors
A wave of mergers and acquisitions reshapes grocery chains led by American Stores purchase of Lucky Stores and leveraged buyouts of Safeway and Supermarkets General. Analysts note money for deals, multi region assets, and market strategies push chains to diversify offerings and emphasize services.
MENTIONED IN THIS ARTICLE
New York
Lucky Stores Inc
American Stores Co
Supermarkets General Corp
Safeway Stores Inc
Edward Comeau
Oppenheimer & Co
Safeway
Vons Cos. Inc
California
Nevada
Supermarket Development ‘Corp
Furrs
Safeways
Texas
New Mexico
Lucky
Arizona
ABCO
Florida
Gibbons, Green
van Amerongen
Armperican
Great Atlantic & Pacific Tea Co
A&p
Shepwell
Food Emporium
Waldbaurn’s
Charles Cerankosky
Prescott Ball & Turben Inc
Kroger Management