The Miami Entrepreneur

: Aldi paying undisclosed price for 400 supermarkets in southeastern U.S.

Read Time:44 Second

Aldi said Wednesday it would pay an undisclosed sum for 400 Winn-Dixie and Harveys supermarkets in Alabama, Florida, Georgia, Louisiana and Mississippi. A Batavia, Ill.–based unit of the German supermarket company said it plans to add 120 new stores in the U.S. to reach a total of 2,400 by the end of 2023. The sale of the Winn-Dixie and Harveys supermarkets is part of a larger divestiture program by Southeastern Grocers Inc., a private company based in Jacksonville, Fla. Privately owned Aldi said it has invested $2.5 billion in the U.S. Southeast, including a distribution center in Loxley, Ala., and plans to open 20 new stores in the area by the end of the year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post CEO built her $96 million company with a lesson she learned as a 22-year-old intern—it’s ‘the most powerful thing you can do’
Next post : U.S. stocks open lower as investors digest retailer earnings, await Fed meeting minutes