How Will Shaw's Sale Change Our Local Grocery Stores?
No immediate changes planned, but store leases could eventually be sold, analysts say.
The new owners of local Shaw's supermarkets say no immediate changes are planned for the stores.
Shaw's in Salem is located at 92 Cluff Crossing. There's also a Shaw's location in Windham at 43 Indian Rock Road.
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 analysts guessing that some of the Shaw’s and Star Markets could be sold off again to others after the deal is done.
Do you shop at Shaw's? Does it matter to you who owns the company? Share your thoughts in the comments field below.
Larry Weil
6:45 pm on Saturday, January 12, 2013
Prior to being owned by Supervalue, Shaws was owned by British supermarket company Sainsbury. At one time Shaws was the cheapest supermarket in town, that was when the were locally owned and before the double coupons and "loyalty" card, all of which have to be paid for somehow.