After extracting hundreds of millions in dividends and navigating two bankruptcies, Lone Star private equity wants to sell Winn-Dixie to Aldi, further consolidating the Florida grocery market and putting thousands of jobs at risk.
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European grocery chains are driving a new round of concentration in American food retail, as they race to buy up independent grocers or drive them out of business. In the most recent deal, Stop & Shop, a subsidiary of Dutch-based Ahold-Delhaize, announced it will acquire Long Island supermarket chain, King Kullen, America’s first-ever supermarket.
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