Ahold, Delhaize Agree to Sell Dozens Of Stores

Ahold, Delhaize Agree to Sell Dozens Of Stores

Ahold, Delhaize Agree to Sell Dozens Of Stores

"Upon the completion of the merger, we will continue to maintain our local Food Lion and Hannaford brands; however, our new company scale will enable us to accelerate our local market strategies to better serve our customers with almost 2,000 stores along the East Coast in the United States".

None of the area Martin's will be sold, according to a Thursday news release from Delhaize Group. Ahold and Delhaize own the Giant and Food Lion brands, among others.

The stores being sold represent 4.1% of the combined companies' US store count and 3.2% of U.S.net sales.

Saubel's Markets, a small chain that operates three groceries in southern York County and northern Maryland, plans to buy a Food Lion store in Springettsbury Township, York County. The company said it expected to close on the sale within 15 weeks.

Royal Ahold NV and Delhaize Group agreed to sell 86 stores in the U.S.as the Dutch and Belgian grocers seek to win antitrust clearance for their merger this month. "We deeply appreciate the long-time support of our customers and associates in these locations and are confident that the new owners will continue to serve local communities well". "Upon the completion of the merger, we will continue to maintain our local Food Lion and Hannaford brands; however, our new company scale will enable us to accelerate our local market strategies to better serve our customers with almost 2,000 stores along the East Coast in the United States".

Supervalu president and CEO Mark Gross said: "The stores will operate under our Shop 'N Save format, which we believe is a great format for us and our wholesale customers".

According to Christy Phillips-Brown, a spokeswoman for Food Lion, most stores being sold will have made the transition by the end of the year.

Elon Musk hints at "top secret Tesla masterplan" coming this week
France eye Germany after ending Iceland's dream