Jacksonville-based Southeastern Grocers Inc. is exploring a sale, according to the Wall Street Journal, who cSuch a move would come almost two years after the parent company of Winn-Dixie, Harvey's and Fresco y Mas canceled plans for an initial publishing offering that was set to raise $142.4 million.
It would also come at a time of consolidation in the industry: Kroger — which has almost 10% of the national grocery market share — is set to acquire Albertsons’ 2,273 stores in 34 states and D.C., picking up somewhere on the order of 5.5% of the market. Southeastern Grocers, which runs about 420 stores primarily in the Southern U.S., was expected to generate about $9.6 billion in sales in 2020, the Journal said, citing the company’s filings with the Securities and Exchange Commission related to the planned initial public offering.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Source: JaxBizJournal - 🏆 599. / 51 Read more »