Does Shaw's Deal Foretell More Changes to Somerville Supermarket Landscape?
The owner of Shaw's and Star Market is selling stores to Cerberus Capital Management for $3.3 billion. What does that mean to Somerville?
Shaw's and Star Market agreed to sell several stores to Cerberus Capital Management as part of $3.3 billion deal, according to a report in the Boston Globe Thursday. Somerville is home to both a Shaw's Supermarket and Star Market. The recent deal led to some speculation about what would happen to Shaw's and Star Market locations in the Northeast. The Boston Herald reported the supermarkets' new owners may be interested in leasing their newly acquired real estate to other supermarket brands. "Stop & Shop, Hannaford, Market Basket and Whole Foods would be likely buyers for any real estate or leases," the Herald said, quoting Mike Berger, senior editor of Duxbury’s Griffin Report of Food Marketing. Somerville has already seen some turnover in…
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Kelly H
5:20 pm on Monday, January 14, 2013
Wegmans or trader joes would be fantastic! more ›