Trey Basha, the president of the Chandler-based grocery chain Bashas’, told the Business Journal that his grocery brands could grow their footprint if the $24.6 billion merger agreement between Albertsons and Kroger deal goes through.
Basha, who has worked in the grocery business all his life and was raised by father, Eddie Basha Jr., who also worked in the business his whole life, has seen several major supermarket mergers and thinks his company is well-positioned right now. After the deal was completed, Basha said he went to dinner with Keith Knopf, Raley’s president and CEO, and Knopf asked Basha to stay on.
“I think it's brought a lot of stability because any time you have massive change — like a sale anywhere — people get nervous, Woodward said. “And because this company is so connected, I think there was even more nervousness. With Trey being here, that's created really stability in the organization.”At the same time, the grocery industry has not been very stable.
Because of Bashas' history and prominence in the state — it was founded in 1932 by Eddie and Ike Basha, Trey Basha’s grandfather and great uncle – Raley’s is keeping the Bashas’ name on its stores.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kroger-Albertsons Merger Could Hurt CustomersAs customers struggle to keep up with soaring food costs, the massive supermarket merger threatens to do even more damage.
Source: EatThisNotThat - 🏆 294. / 63 Read more »
Snell & Wilmer moves into CityScape in downtown Phoenix - Phoenix Business JournalThe largest Arizona law firm moved into new office space in downtown Phoenix. Click through to see images of the new space.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Snell & Wilmer moves into CityScape in downtown Phoenix - Phoenix Business JournalThe largest Arizona law firm moved into new office space in downtown Phoenix. Click through to see images of the new space.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Kari Lake on addressing Arizona's homelessness issue, housing shortage - Phoenix Business JournalThe Business Journal spoke to Arizona gubernatorial candidates Katie Hobbs and Kari Lake. Each day this week we will publish key excerpts from those interviews covering a range of important business-related topics.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Toyota, Lexus, Kia offer solid hybrid options - Phoenix Business JournalElectric vehicles may steal the headlines, but not everyone is on board with barriers including price, the still-developing charging network, range anxiety and aversion to change. Hybrids are a popular way to bridge the gap, our reviewer suggests.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Launch Real Estate puts celebrity photographer's Paradise Valley home on market - Phoenix Business JournalPaul Mobley, who has photographed celebrities from Amy Schumer to Zack Brown, said he would be willing to sell the furniture along with the home, but he's keeping the artwork that fills the house. Find out more about the Valley's luxury market and take a look inside this artistic home.
Source: phxbizjournal - 🏆 254. / 63 Read more »