WSJ: Southeastern Grocers looking at sale - Jacksonville Business Journal

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.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

WSJ: Southeastern Grocers looking at sale - Jacksonville Business JournalAny sale would come at a time of consolidation in the industry.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »

WSJ: Southeastern Grocers looking at sale - Jacksonville Business JournalAny sale would come at a time of consolidation in the industry.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »

Bitty and Beau's Coffee location in Jacksonville to celebrate grand opening - Jacksonville Business JournalThe franchise was started, in part, to help those with disabilities find jobs.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »

TikTok faves Savannah Bananas add another game to Jacksonville stop - Jacksonville Business JournalThe Bananas will face off against the Party Animals at 121 Financial Ballpark in March.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »

Jacksonville MedMen locations rebranded after acquisition - Jacksonville Business JournalThe brand, named after a famous Florida pot smuggler, is debuting with a party at Pete's Bar.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »

TikTok faves Savannah Bananas add another game to Jacksonville stop - Jacksonville Business JournalThe Bananas will face off against the Party Animals at 121 Financial Ballpark in March.
Herkunft: JaxBizJournal - 🏆 599. / 51 Weiterlesen »