St. Louis, Missouri-based Save A Lot, a U.S. discount grocer, has announced the successful completion of a comprehensive recapitalization of the business and significant deleveraging of the company’s balance sheet. Under the terms of the agreement, which was supported unanimously by all constituents, the company has completed debt-for-equity and debt-for-debt exchanges that eliminated approximately $500 […]
Tag: PJ Solomon
Posted inNonfood Items, Corporate Store News, Home Page Slider, National
Updated: Lucky’s Market To Sell 11 Stores, Begins Chapter 11 Proceedings
Lucky’s Markets has agreed to sell various ongoing stores to its founders, Bo and Trish Sharon, who will be a stalking horse in the Lucky’s Chapter 11 process which was filed earlier this week, according to a Jan. 30 statement by investment banking advisor PJ Solomon. On Jan. 27, the Niwot, Colorado-based natural foods chain […]
Posted inMidwest, Home Page Latest News, Independent Store News, Store News, Wholesaler/Distributor News
SpartanNash To Expand Into New Markets With Martin’s Deal
SpartanNash, a Grand Rapids, Michigan-based grocery wholesaler and food retailer, has signed an agreement to acquire Martin’s Super Markets in South Bend, Indiana, the companies announced Nov. 20. Martin’s is a family-owned and -operated Midwest independent supermarket chain. With the acquisition of Martin’s, SpartanNash will expand its corporate retail footprint into markets adjacent to its […]